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It sounds like box-standard capitalism to me. Maybe it'll be neo-feudalism when they force the peons to use their lord's platforms, like China with the Great Fi
by trynumber9 6y ago
It sounds like box-standard capitalism to me. Maybe it'll be neo-feudalism when they force the peons to use their lord's platforms, like China with the Great Firewall. But that could also simply be described as state capitalism and protectionism.
- 0x262d 6y agoYeah, this doesn’t seem to have any definition up front of capitalism. If I defined it it would involve mostly wage labor by people who don’t own enough property to support themselves, as well as predominantly private investment of capital for profit by employing more wage laborers. Which makes clear that we’re still right in it. Seems like a spurious thesis based on a lack of examination of previously existing thought about this.
- HeavenBanned 6y agoInterestingly enough, Chomsky asserts that what we have now is State-Sponsored Capitalism in the US. I think that's more accurate than neo-feudalism, personally.