Techno-Feudalism is a specific idea from Yanis Varifakous, about places like Amazon, Ebay, AliExpress, Steam, Facebook, even YouTube to some extent. It has to do with the Market Place controlling which prices are promoted to buyers and sellers, and is about price fixing and capturing industries that the bulk of the population required to do commerce.
This is a very important concept to note and understand because it relates to the end of two party Capitalism (where buyers and sellers negotiate prices with each other).
So no, the use of fuedalism isn’t to indicate something about old school mechanisms of crowd control, brutality and repression. It’s a reference to the serfdom and economic aspects.
conicalscientist@lemmy.world 1 year ago
Attaching “tech” to everything makes it more palatable. Desirable even. It masks the fact that feudal lords are reinventing everything but with “tech”.
nickwitha_k@lemmy.sdf.org 1 year ago
Exactly. And it makes it seem more special or at least a new idea. It’s not. We already have historical knowledge of what has worked in throwing off the shackles of monarchy and what hasn’t.