This seems to accurately describe the current state of the world: Capitalism Has Left the Building. Enter Technofeudalism #capitalism #cloudalists #elonmusk #jeffbezos #blackrock #vanguard #statestreet #wealthgap https://www.pressenza.com/2024/02/capitalism-has-left-the-building-enter-technofeudalism/
Capitalism Has Left the Building. Enter Technofeudalism

The Search for a Definition Over the last four or five years, like just about everyone else, I’ve been feeling that some kind of huge shift, some sort of

Pressenza

Think of cars, which harvest data, block third-party repair, and force you to buy everything from acceleration to seat-heaters as a subscription:

https://pluralistic.net/2023/07/24/rent-to-pwn/#kitt-is-a-demon

The cloud is especially prone to rent-seeking, as #YanisVaroufakis writes in his new *Technofeudalism*, where he explains how "#cloudalists" have found ways to lock productive enterprises into using cloud-based resources from which ever-increasing rents can be extracted:

https://pluralistic.net/2023/09/28/cloudalists/#cloud-capital

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Pluralistic: Autoenshittification (24 July 2023) – Pluralistic: Daily links from Cory Doctorow

The postcapitalist, technofeudal world isn't a world without capitalism, then. It's a world where capitalists are subservient to feudalists ("#cloudalists" in Varoufakis's thesis), as are the rest of us the cloud peons, from the social media users and performers who fill the technofuedalists' siloes with "content" to the regular users whose media diet is dictated by the cloudalists' recommendation systems:

https://pluralistic.net/2023/01/21/potemkin-ai/#hey-guys

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Pluralistic: Tiktok’s enshittification (21 Jan 2023) – Pluralistic: Daily links from Cory Doctorow

@pluralistic “The higher they climb,...”

#cloudalists