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Are We Transitioning From Capitalism to Silicon Serfdom? (jacobin.com)

submitted 8 months ago by [email protected] to c/[email protected]

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The idea that we are entering an era of techno-feudalism that will be worse than capitalism is chilling and controversial. We asked former Greek finance minister Yanis Varoufakis to elucidate this idea, explain how we got here, and map out some alternatives.

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[–] [email protected] 2 points 8 months ago

Yeah. I think social media should be seen as virtual worlds that created new types of "alternative nation" that are controlled by these "cloud capitalists". They decide the rules of conduct and eCommerce and the shape of society.