Caribbean Hen wrote: ↑Mon Sep 25, 2023 6:35 am
houndawg wrote: ↑Sun Sep 24, 2023 10:51 pm
When you quote somebody you're supposed to attribute the quote to where it came from.
Carribean Hen...
It’s obvious who I’m quoting …. Say his name lefty
The whole political vision of the left, including socialism and communism, has failed by virtually every empirical test, in countries all around the world. But this has only led leftist intellectuals to evade and denigrate empirical evidence
This seems like a timely read for you.
In his new book, Technofeudalism, the maverick Greek economist says we are witnessing an epochal shift. At his island home of Aegina, he argues it’s no longer the global finance system that shapes us, but the ‘fiefdoms’ of tech firms……………………..
It’s a big-picture hypothesis rooted in a historical account of how capitalism came into being that describes what is happening in terms of an epochal, once-in-a-millennium shift. In some ways, it’s a relief to have a politician – any politician – talking about this stuff. Because in Varoufakis’s telling, this isn’t just new technology. This is the world grappling with an entirely new economic system and therefore political power.
“Imagine the following scene straight out of the science fiction storybook,” he writes. “You are beamed into a town full of people going about their business, trading in gadgets, clothes, shoes, books, songs, games and movies. At first everything looks normal. Until you begin to notice something odd. It turns out all the shops, indeed every building, belongs to a chap called Jeff. What’s more, everyone walks down different streets, and sees different stores because everything is intermediated by his algorithm… an algorithm that dances to Jeff’s tune.”
It might look like a market, but Varoufakis says it’s anything but. Jeff (Bezos, the owner of Amazon) doesn’t produce capital, he argues. He charges rent. Which isn’t capitalism, it’s feudalism. And us? We’re the serfs. “Cloud serfs”, so lacking in class consciousness that we don’t even realise that the tweeting and posting that we’re doing is actually building value in these companies.
https://www.theguardian.com/world/2023/ ... tid=Zxz2cZ