this post was submitted on 18 Feb 2024
360 points (92.3% liked)

Technology

34815 readers
255 users here now

This is the official technology community of Lemmy.ml for all news related to creation and use of technology, and to facilitate civil, meaningful discussion around it.


Ask in DM before posting product reviews or ads. All such posts otherwise are subject to removal.


Rules:

1: All Lemmy rules apply

2: Do not post low effort posts

3: NEVER post naziped*gore stuff

4: Always post article URLs or their archived version URLs as sources, NOT screenshots. Help the blind users.

5: personal rants of Big Tech CEOs like Elon Musk are unwelcome (does not include posts about their companies affecting wide range of people)

6: no advertisement posts unless verified as legitimate and non-exploitative/non-consumerist

7: crypto related posts, unless essential, are disallowed

founded 5 years ago
MODERATORS
 

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.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 3 points 8 months ago (2 children)

ya middlemen is a good term for it. I don't think that it really needs an entirely separate branding from capitalism, but idk i guess that also makes for an eye catching headline.

I agree that governments have the tools to deal with these kinds of things. It's just getting them to actually do something about it that's beneficial to us as average people is the tough part lol.

[–] [email protected] 5 points 8 months ago

They are not just middlemen, they control the entire sales platform - both buyer and seller.

[–] [email protected] 1 points 8 months ago

I do think a new term makes sense because these platforms both scale ultra large so "explode" in market power, and also can't just be broken up using anti-trust laws because then the network effects of large network effects vanish (this is true for amazon and social media). So it is something different because of those new properties. I think federation and open protocols might be the answer to this.