On Technofeudalism: Rent Seeking in Late Stage Monopoly Capitalism
Rev Left Radio
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Understanding Techno-Feudalism
This chapter explores the evolving concept of techno-feudalism in the context of modern political economy, highlighting the rise of rent-seeking behaviors and the influence of major tech firms on societal structures. It draws parallels between historical economic theories and contemporary realities, indicating a shift from classic capitalism to new forms of exploitation reminiscent of feudal systems. The discussion critiques the limitations of AI and emphasizes the monopolistic tendencies of digital platforms, which curtail access and innovation in the increasingly digital landscape.
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