Technofeudalism is the logical evolution (I’d say end stage, but I’m not sure it can’t get even worse) of capitalism. That’s what happens when the 0.1% own 90% and decide to turn it up to eleven.
Technofeudalism would require more than just inequality. The capitalist State would need to be eroded so that the tech-lord replaces all government services and functions. Markets would need to be eroded in favor of the tech-peasants simply bartering with each other for subsistence. Wages and employment would have to be eroded so instead the tech-peasants pay a tribute to their tech-lord in exchange for the right to use the tech-lord’s land and resources. Changing jobs wouldn’t be a matter of just applying somewhere else, it would mean pledging fealty to a different tech-lord.
Feudalism isn’t just capitalism with extra steps. It’s literally a different economic system.
Technofeudalism is the logical evolution (I’d say end stage, but I’m not sure it can’t get even worse) of capitalism. That’s what happens when the 0.1% own 90% and decide to turn it up to eleven.
That’s my point, calling it anything other than capitalism only gives ammo to the “but it’s not real capitalism” argument
Technofeudalism would require more than just inequality. The capitalist State would need to be eroded so that the tech-lord replaces all government services and functions. Markets would need to be eroded in favor of the tech-peasants simply bartering with each other for subsistence. Wages and employment would have to be eroded so instead the tech-peasants pay a tribute to their tech-lord in exchange for the right to use the tech-lord’s land and resources. Changing jobs wouldn’t be a matter of just applying somewhere else, it would mean pledging fealty to a different tech-lord.
Feudalism isn’t just capitalism with extra steps. It’s literally a different economic system.