In Yanis Varoufakis’ latest book, the former Greek finance minister argues that companies like Apple and Meta have treated their users like modern-day serfs.
Its not just techno feudalism. Musk and Bezos trying to reinvent ‘company towns’ housing being hoarded and only rented, education only through massive debt. Tech is just part of it, its everywhere and should be called Neo-feudalism.
company towns and expensive education were a thing in the less regulated era of capitalism, its not new, we are just coming back to it. its late stage capitalism.
Its not just techno feudalism. Musk and Bezos trying to reinvent ‘company towns’ housing being hoarded and only rented, education only through massive debt. Tech is just part of it, its everywhere and should be called Neo-feudalism.
That’s not a great pitch for a book though.
company towns and expensive education were a thing in the less regulated era of capitalism, its not new, we are just coming back to it. its late stage capitalism.