How Capitalism is Dying
How Capitalism is Dying
6 comments
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We live in techno fuedalism, where rather than two parties exchanging value holding assets, now a tech billionaire sets the price for the seller and buyer, via owning a "marketplace" such as ebay, amazon, steam, temu, ect... They also take a cut of every transaction.
This is no longer a two party free exchange of goods, such as idealized under Capitalism, it's a different system.
It's what Yanis Varifakous calls Techno fuedalism. Hence the Oligarchs feeling invincible and more worthy than everyone else.
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it is a natural outgrowth of capitalism but it is not the death of capitalism.
you can still go out and purchase the means of production in a 2 party free exchange.
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6 comments