The idea that we are entering an era of techno-feudalism that will be worse than capitalism is chilling and controversial. We asked former Greek finance minister Yanis Varoufakis to elucidate this idea, explain how we got here, and map out some alternatives.

Are We Transitioning From Capitalism to Silicon Serfdom?::The idea that we are entering an era of techno-feudalism that will be worse than capitalism is chilling and controversial. We asked former Greek finance minister Yanis Varoufakis to elucidate this idea, explain how we got here, and map out some alternatives.

  • RedFox@infosec.pubEnglish
    0·
    9 months ago

    Can someone explain how these organizations ‘undermine the economy and democracy’?

    • there’s room for arguments regarding exploited workers in any industry, but tech is usually compensated well , at least compared to some industry. Maybe they are not compensated well in other developing nations?

    • not sure how cloud/tech companies undermine democracy or economies

    • Fudoshin ️🏳️‍🌈@feddit.ukEnglish
      1·
      9 months ago
      • Directly: They lobby governments and their size means they can be more powerful than the governments they’re trying to influence. Do you think the lobbying is for the benefit of society?
      • Indirectly: monopolies and other predatorycorporate behaviour like data selling and privacy erosion.