Capitalism Is Dead And This New System Replaced It in 2008
Technofeudalism and cloud capital have taken over
Capitalism in its current form is unsustainable and detrimental.
I say that as someone who works on Wall St.
But while it's a socialist wet dream to see the death of capitalism, what if we already achieved post-capitalism after 2008, but it isn’t socialism?
According to Yannis Varoufakis, a Greek economist, capitalism was so successful that it developed a mutation of itself called “techonfeudalism.” that he explains in his book ‘Technofeudalism:’ What Killed Capitalism’
By this, he means that digital platforms are replacing the free markets.
Private ownership of cloud capital is the new feudal system.
For example, Mercedes Benz will be irrelevant because it doesn’t have the data that Tesla does; Europe is over because it doesn’t have big tech companies (outside of OnlyFans), and the war between the US and China isn’t over political differences but because China has its own Silicon Valley.
The tragic part of the world today is that we’re all getting fleeced and rushed into technofeudalism, and nobody doing the rushing is a cartoon supervillain. They all believe to be doing the right thing…
