Algorithms and Egregores
27th June 2024
The 2000s shift from capitalism to ‘Cloudism,’ described in Yannis Varoufakis’s Techno-feudalism: What Killed Capitalism as a shift from terrestrial capital to so-called ‘Cloud capital,’ was already augured by manual labour’s representing less of the economy than digital labour and by the prominence of the virtual implying less of the actual. Of course, in a sense, ideas have always represented the bulk of value, so this is nothing new, nor is it problematic as such. The problem lies elsewhere.