Comment on Brian Eno: “The biggest problem about AI is not intrinsic to AI. It’s to do with the fact that it’s owned by the same few people”

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DarkCloud@lemmy.world ⁨1⁩ ⁨week⁩ ago

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.

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