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Are We Transitioning From Capitalism to Silicon Serfdom? (jacobin.com)

submitted 7 months ago by [email protected] to c/[email protected]

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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.

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[–] [email protected] 4 points 7 months ago

One of the things not addressed in this interview is how the ideology of libertarianism is central to the transition from markets to fiefdoms. All the big tech bros are huge libertarians and that's not an accident.

And I do think this is a new phenomena unlike classic capitalism. Marx thought that a post-scarcity society would mean more leisure, he didn't anticipate that that leisure was just another source of value to exploit. Think of reddit selling it's "content" to an AI company. That content wasn't produced by coerced labor paid unfairly, it was produced by voluntary labor paid nothing.