I dislike the concept of technofeudalism.
It's used to describe what is nothing more than another stage of capitalism. We're living through the consequences of the falling rate of profit: capital becomes less profitable, it abandons production and innovation, turning instead towards digital platforms as a new source of rent extraction.
Musk or Bezos do not behave like feudal lords either, far from it. Caring about power more than money has been a trait of the bourgeoisie for centuries, it's how it came to exist (using their money to buy shares of the nobility's power).
The only return to the past I see these days is in international relations, where mercantilism seems to be back. Colonial wars are fought over resources, gunboat diplomacy is used as a negotiation tool, tariffs and blockades are disrupting free trade, still not feudalism though.
Marx wrote of all those things in Das Kapital over a century ago. This new word/concept is wrong in essence, it distracts from the overall critique of capitalism which needs to be accurate in order to topple it. We are not subjects of lordships, we are wage laborers, which is our weakness but also the source of our strength through collective bargaining power.
Same issue with the usage of "the Epstein class". It does point towards the existence of class warfare, but portrays the dominant class as "rich people who abuse others" instead of tying it to rent seeking and extraction of labor from the working class. We have a word for that, it's called the bourgeoisie.
Deep down it doesn't really matter since it at least gets people talking about topics they usually are afraid to discuss, I merely choose to not use them myself. But I do die a bit inside when they are used unironically by writers and journalists.
(shortest leftist rant)
Socialismo de mercado y capitalismo digital: ¿adaptación táctica o nueva forma de dominación?
José W. LegaspiFuente: UyPress El Chasque23/06/2026 La expansión de modelos híbridos en China y Vietnam reabrió el debate histórico sobre el llamado "socialismo de mercado". En un mundo atravesado por plataformas digitales, inteligencia artificial y concentración tecnológica global, las reflexiones de Herbert Marcuse y Zygmunt Bauman permiten interrogar críticamente no sólo los límites del capitalismo contemporáneo, sino también las tensiones que enfrentan los proyectos socialistas en el siglo XXI. […]
Long, interesting #lecture on #economic #history and #theory. Much of it is about #Marx and the emergence of #socialist #theory and then many varieties of #socialism as #applied - most successfully in tandem with #Capitalism, as in #China. The last part of the speech parses current events in the US.
Marx desvendou o ocultamento das relações de trabalho. Agora, fenômeno assume nova forma. Dispositivos digitais nublam o exercício de poder e captura da riqueza, sugerindo que tudo é fluido e sem atrito – não havendo, portanto, nada a disputar
A Alienação na Era do Algoritmo
Marx desvendou o ocultamento das relações de trabalho. Agora, fenômeno assume nova forma. Dispositivos digitais nublam o exercício de poder e captura da riqueza, sugerindo que tudo é fluido e sem atrito – não havendo, portanto, nada a disputarhttps://outraspalavras.net/tecnologiaemdisputa/alienacao-na-era-algoritmo/
Quand la production capitaliste organise aussi la reproduction
Chez Marx, la logique du capital ne s’arrête pas à la production : elle structure aussi la reproduction sociale. « Ist die Produktion kapitalistisch in Form, so wird es auch die Reproduktion sein. » Une idée décisive pour penser le travail, la famille, le soin et les conditions de vie. #Marx #Capitalism #Reproduction #Labor #PoliticalEconomy Marx formule ici une idée simple mais puissante : si la production…
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