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Episode #206 ... Capitalism is dead. This is Technofeudalism. (Yanis Varoufakis)
Philosophize This!
Algorithmic Control and Economic Exploitation on Amazon
Amazon's search algorithm controlled by Jeff Bezos determines what products users see on the platform, not based on optimizing buyer-seller transactions but to maximize fees for Amazon. This setup bypasses true market dynamics, resembling a Soviet-style economic system that restricts user choice and benefits Amazon's profitability over ensuring the best products for buyers.
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