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‘Capitalism is dead. Now we have something much worse’: Yanis Varoufakis on extremism, Starmer, and the tyranny of big tech (www.theguardian.com)

submitted 1 year ago by [email protected] to c/[email protected]

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‘Capitalism is dead. Now we have something much worse’: Yanis Varoufakis on extremism, Starmer, and the tyranny of big tech::In his new book, the maverick Greek economist says we are witnessing an epochal shift. At his island home, he argues it’s now the ‘fiefdoms’ of tech firms that shape us

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[–] [email protected] 41 points 1 year ago* (last edited 1 year ago) (9 children)

That's just capitalism. But I guess when you benefit so greatly from the system, you can't risk rocking the boat by talking about it openly. So you have to invent scary new names to smokescreen the root of the matter. "Technofeudalism", "Neo feudalism", "corporatism", "crony capitalism" etc, is such crap. It's still just capitalism.

Ignoring the ridiculous manner in which the article is written, look at the clownish arguments being made.

He charges rent. Which isn’t capitalism, it’s feudalism.

I know you have an island home dickhead, but the rest of us have been paying plenty of rent under capitalism.

[–] [email protected] 8 points 1 year ago* (last edited 1 year ago)

If you think of society through the view of class hierarchy, Jeff and people like him have created a class of power above capitalist. As far above capitalist as the boss is above the worker.

That's what he's meaning.

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