• DarkCloud@lemmy.world
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    1 day ago

    We live in techno fuedalism, where rather than two parties exchanging value holding assets, now a tech billionaire sets the price for the seller and buyer, via owning a “marketplace” such as ebay, amazon, steam, temu, ect… They also take a cut of every transaction.

    This is no longer a two party free exchange of goods, such as idealized under Capitalism, it’s a different system.

    It’s what Yanis Varifakous calls Techno fuedalism. Hence the Oligarchs feeling invincible and more worthy than everyone else.