- cross-posted to:
- breadtube@lemmy.world
- videos@lemmy.ml
- cross-posted to:
- breadtube@lemmy.world
- videos@lemmy.ml
You must log in or register to comment.
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.
it is a natural outgrowth of capitalism but it is not the death of capitalism.
you can still go out and purchase the means of production in a 2 party free exchange.
Oh yeah, you can buy all sorts of means of production equipment on Alibaba… Which is of course a closed market place owned by Jack Ma (who is owned by the CCP).
…and they would be the ones setting the buying and selling price there. So that would be Techno fuedalism again.
