The curious fact that his book is being promoted by every major capitalist magazine, from the Financial Times to Fortune, should give us a clue about the true purpose of the theory known as 'technofeudalism. It is an attempt to obscure the very traditional mode of exploitation of labor underlying tech capital which appears as giant data centers enabling us, for instance, to video-call anyone on earth provided that they also have a smartphone and an internet connection. So the bold assertion that the big tech produce nothing is downright nonsense. Anyhow, I find this recently published paper by Nicholas Gane fairly useful:
Abstract The purpose of this article is twofold. First, it assesses Yanis Varoufakis’ theory of technofeudalism, and will argue, by way of response, that capitalism has not been displaced by a resurgence of feudalism, but is taking new forms that, increasingly, lie outside the powers of nation-states and of social democracy. Second, it questions the ‘libertarian Marxist’ alternative that Varoufakis proposes in its place, which abdicates any interest in the regulatory powers of the state and, paradoxically, advocates consumer-based political action to damage the market position of big corporate entities, even though markets and profits are said to be no longer central to the operation of technofeudalism. https://journals.sagepub.com/doi/10.1177/1468795X241269293 -=-=-=-=-=-=-=-=-=-=-=- Groups.io Links: You receive all messages sent to this group. View/Reply Online (#35114): https://groups.io/g/marxmail/message/35114 Mute This Topic: https://groups.io/mt/111082773/21656 -=-=- POSTING RULES & NOTES #1 YOU MUST clip all extraneous text when replying to a message. #2 This mail-list, like most, is publicly & permanently archived. #3 Subscribe and post under an alias if #2 is a concern. #4 Do not exceed five posts a day. -=-=- Group Owner: [email protected] Unsubscribe: https://groups.io/g/marxmail/leave/13617172/21656/1316126222/xyzzy [[email protected]] -=-=-=-=-=-=-=-=-=-=-=-
