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One could just as easily argue that technofeudalism is in fact the endgame of capitalism, not the death of capitalism. In old-school feudalism, wealth came from
by Finnucane 3y ago
One could just as easily argue that technofeudalism is in fact the endgame of capitalism, not the death of capitalism. In old-school feudalism, wealth came from the land, owning the land and the productive capacity of the land. Labor has no value and only serves to extract wealth for the benefit of the owning class. Capitalism abstracts this. Wealth comes from owning 'assets.' The position of labor remains the same. 'Consumers' are just the middle piece, necessary to churn the inputs and outputs. In a highly technological society, 'assets' can be very abstract and the extraction of value from the labor and consumer classes very efficient.
- kmeisthax 3y agoCapitalism is a necessary transition between feudalism and feudalism.
- omnimus 3y agoThis is one of the most memeable comments ive seen in a while. Applaud.
- qm9 3y agoim going to put this up as my readme slogan. how should i quote you?
- kmeisthax 3y agoDon't cite it to me, I stole it from a reply to a Cory Doctorow post on Mastodon about technofeudalism. That post itself was rephrasing of a Russian meme about the end of the Soviet Union[0]. So I don't think this one is necessarily citable. [0] Socialism is a necessary step in the transition between capitalism and capitalism.
- tored 3y agoI guess it comes down to the definition of capitalism, Mr Varoufakis says that it is markets and profits. I'm not an economist, thus a layman, but I can't entirely agree with that, in my opinion it is perfectly fine to have capitalism without markets, e.g. private monopoly (or oligopoly). From that perspective you can argue that is sort of like feudalism where privileges where used to create monopiles.
- latency-guy2 3y agoMany can argue, and they can all be wrong. Do not mistake your criticism for belief that you are right in your thinking/alternatives.