"Varoufakis's technofeudalism thesis holds that, in the years after the Great Financial Crisis of 2008, tech was transformed from a primarily profit-seeking enterprise to a primarily rent-seeking enterprise. The thing that makes tech giants powerful is that they control "factors of production" that they rent to actual, productive businesses."
So, welcome to feudalism v2, I guess?
— Jul 09, 2026 12:39AM
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