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Highly recommend the book Technofeudalism by Yanis Varoufakis which argues that the dominance of platforms has surpassed “monopoly” or other market metaphors an
by laurex 3y ago
Highly recommend the book Technofeudalism by Yanis Varoufakis which argues that the dominance of platforms has surpassed “monopoly” or other market metaphors and is becoming a kind of post-capitalism in favour of something much worse.
- AndrewKemendo 3y agoThe Miseans call it “Anarcho-Capitalism” Basically everyone for themselves with no rules and total corporate control of the economy
- zo1 3y agoNo no, please don't confuse people here. That is not what anarcho capitalism is, nor would any Mises supporter call what was described above as anarcho capitalism. https://en.m.wikipedia.org/wiki/Anarcho-capitalism https://en.m.wikipedia.org/wiki/Anarcho-capitalism Corporate control over the economy is not what anarcho capitalism is about. In such a world there isn't even "an economy" as we traditionally know it.
- AndrewKemendo 3y agoI’m actually way more familiar with it than I come across. I was a Mises Institute member briefly, including attending a Ron Paul event they hosted. I think “Democracy the God that failed” was the final straw where I was like “this is basically advocating for private kinghoods” If you extrapolate, then you basically get Amazon, United Health, and 8 other companies with their own currencies and mercenary armies and all manner nonsense that winds up basically just looking like a Corporate wasteland as described by Mike Judge And frankly we’re pretty close -with Apple Cash and Apple hiring city and municipal police to guard stores the transition is effectively complete
- galaxyofdoom 3y ago[dead]
- nonrandomstring 3y agoIsn't the term people are clutching for "lawlessness" If anything defines the current epoch it is "post-legal". For example, massive fines, now in the billions of dollars, pay superficial lip-service to laws, but for mega-corps are simply the cost of doing business. The irony of course is that giant monopolies exist only because the protection the rule of law bestows allows that. They are _very_ vulnerable. If we interpret "take on monopolies" using their own rules, they'd be hacked off the grid in weeks if not days.
- AndrewKemendo 3y agoI think it’s really just garden variety Regulatory Capture that’s now just endemic The problem is congressman all want to get rich now, and Congress is a path to riches, whereas it was not always so directly the case