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At least one economist believes we have already left the realm of capitalism and are in the age of techno-feudalism. ie: We all work for Zuckerberg and the gan
by lebuffon 3y ago
At least one economist believes we have already left the realm of capitalism and are in the age of techno-feudalism.
ie: We all work for Zuckerberg and the gang, giving them free labour/info which they resell.
Interesting take on the subject.
https://www.project-syndicate.org/commentary/techno-feudalism-replacing-market-capitalism-by-yanis-varoufakis-2021-06 https://www.project-syndicate.org/commentary/techno-feudalis...
Old guy me expects a revolution of some kind because the standard of living in N. America is slowly declining for most and they remember when it was better.
You can agree or dis-agree but Americans won't let that happen forever...