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this post was submitted on 05 Apr 2024
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I had a family member like this... They'd go off about how awful capitalism is, and the shit that goes with it (to which I'd generally agree) but have a house full of google home devices, brag about how much they buy on amazon, and simp for the giant megacorp for which they worked a retail job...
It woulda been funny if it wasn't so sad.
According to Varoufakis, this is techno feudalism. He wrote a book about it. So arguably, it's not capitalism but by no means is it better than that
Varoufakis is just one of many people who have come up with fancy new terms for capitalism and imperialism. It's not to say that he doesn't have an important perspective on some things, but coming up with new terms for things defined over a century ago only serves to distract.