Techno-Feudalism Is Taking Over

Yanis Varoufakis

28 June 2021

This is how capitalism ends: not with a revolutionary bang, but with an evolutionary whimper. Just as it displaced feudalism gradually, surreptitiously, until one day the bulk of human relations were market-based and feudalism was swept away, so capitalism today is being toppled by a new economic mode: techno-feudalism.
This is a large claim that comes on the heels of many premature forecasts of capitalism’s demise, especially from the left. But this time it may well be true.

[...]

continua qui: https://www.yanisvaroufakis.eu/2021/07/05/techno-feudalism-is-taking-over-project-syndicate-op-ed/