• DarkCloud@lemmy.world
    11·
    20 hours ago

    We live in techno fuedalism, where rather than two parties exchanging value holding assets, now a tech billionaire sets the price for the seller and buyer, via owning a “marketplace” such as ebay, amazon, steam, temu, ect… They also take a cut of every transaction.

    This is no longer a two party free exchange of goods, such as idealized under Capitalism, it’s a different system.

    It’s what Yanis Varifakous calls Techno fuedalism. Hence the Oligarchs feeling invincible and more worthy than everyone else.

    • metaStatic@kbin.earth
      1·
      16 hours ago

      it is a natural outgrowth of capitalism but it is not the death of capitalism.

      you can still go out and purchase the means of production in a 2 party free exchange.

      • DarkCloud@lemmy.world
        2·
        6 hours ago

        Oh yeah, you can buy all sorts of means of production equipment on Alibaba… Which is of course a closed market place owned by Jack Ma (who is owned by the CCP).

        …and they would be the ones setting the buying and selling price there. So that would be Techno fuedalism again.

        • valpi@lemmy.myserv.one
          2·
          1 hour ago

          And after you buy the means of production, you’ll need to advertise/sell your product on one of the few social media platforms owned by techno feudalists.

  • thefluffiest@feddit.nl
    41·
    18 hours ago

    Talking about capitalism dying… on YouTube. Could you at least find a non-big tech option to help speed that death along? Thanks!