You Are Witnessing the Death of American Capitalism
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  • DarkCloud@lemmy.world
    2·
    11 days 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.

    • stm@lemmy.dbzer0.comEnglish
      21·
      6 days ago

      We live in techno fuedalism

      We live in capitalism. Calling it any other than capitalism just provides and option for capitalism to avoid critique. For example one can say the issue is techno feudalism, not capitalism. While in fact it is capitalism all the way down.

      It’s simmilar when people use, this is “crony capitalism”, while it’s still just capitalism,

    • metaStatic@kbin.earth
      0·
      11 days ago

      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.

      • DarkCloud@lemmy.world
        0·
        11 days ago

        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.

        • valpi@lemmy.myserv.one
          1·
          10 days ago

          And after you buy the means of production, you’ll need to advertise/sell your product on one of the few social media platforms owned by techno feudalists.

  • thefluffiest@feddit.nl
    0·
    11 days ago

    Talking about capitalism dying… on YouTube. Could you at least find a non-big tech option to help speed that death along? Thanks!

    • stm@lemmy.dbzer0.comEnglish
      4·
      6 days ago

      Yes, but youtube has a network effect. Imo best option is to post on every network and favor federated ones. For example post first on peertube, couple days later on youtube. Or post part video on yt and full video on peertube.

      Things like that are more effective than just plainly ignoring big tech networks. And that would actually show and bring the people to the federated networks.