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Capitalism is capitalism, not technofeudalism | Nicholas Gane (journals.sagepub.com)

submitted 2 weeks ago* (last edited 2 weeks ago) by AlbigensianGhoul@lemmygrad.ml to c/genzedong@lemmygrad.ml

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Because y'all shouldn't fall for this moralistic and anachronistic nonsense. The rentier bourgeoisie controls the servers and data centres (vulgarly called "cloud") like they did before with the railways, the shipping infrastructure, the airlines, energy, the production and redistribution of oil and gasoline, and even other forms of communications infrastructure.

Reframing the rentier bourgeoisie as some new unique stage of development beyond capitalism (and smuggling in liberal moralisms about "fiefdoms" and "feudal lords") is just yet another European attempt at reframing the current regressive nature of capitalism as not-capitalism in order to defend the status quo as a "democracy" at risk.

And this author doesn't even get into Imperialism in his critique.

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[–] Philo_and_sophy@lemmygrad.ml 1 points 2 weeks ago (13 children)

...Are we following the same economist?

Yanis has been very clear that this stage of capitalism could still be considered capitalism, but he's specifically meaning this period as technofeudal because the relationship of worker to the mode of production has meaningfully shifted with the owners of cloud capital

Say what you will about capitalists owning the railroads, utilities, etc., I and most people reading this don't work for these companies for free and therefore give these companies egregious valuations

The workers under cloud capitalism (the other name for this shift) are better described serfs as they are not wage labor and will never be

[–] imogen_underscore@hexbear.net 6 points 2 weeks ago (1 children)

in what way are modern workers not part of a wage labour relation?

[–] Philo_and_sophy@lemmygrad.ml 2 points 2 weeks ago

I don't think I suggested they weren't, but please clarify if I did

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