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The model of capitalism is to use money to build some means of production and hopefully generate more money from that. We are arriving in a form of techno-feud
by zwnow 10mo ago
The model of capitalism is to use money to build some means of production and hopefully generate more money from that.
We are arriving in a form of techno-feudalism where nobody produces anything. People with means to produce will pay the owners of AI who just own and make money through renting shit to people who cant afford building their own data centers or whatever. Its what companies like Amazon or Microsoft already do. They dont produce, they own and collect.
All of this has nothing to do with capitalism, its all about selling the big AI lie to producers so people base their products on some AI they dont own. And the cycle repeats, Amazon squeezed actual producing companies out of their money decades ago and now we will repeat this with AI.
Capitalists have means to produce, feudalists just collect and own.
- xyzzy123 10mo agoMost businesses get their inputs from suppliers and add value to produce an output. Even if you could afford to build your own datacenters you could not make the chips. Any realistic business will have a web of suppliers. I think before you can diagnose "feudalism" you need to think really carefully about who has power in what parts of the value chain, and why. This will be specific to the business you are in. I agree, it is a real problem if your suppliers are acting in a monopolistic or market distorting way.
- quantified 10mo ago> Capitalists have means to produce, feudalists just collect and own. I think I get your distinction, but I think reality doesn't sort itself that way. Strictly, the means to produce is the factory, the land, something tangible that effects transformation, while money is just "finance". Capitalists are owners, though, and capitalism is ownerism. "Capital" is conventionally just money.