{"id":348676,"date":"2023-10-01T17:00:09","date_gmt":"2023-10-01T22:00:09","guid":{"rendered":"https:\/\/dyspepsiageneration.com\/?p=348676"},"modified":"2023-10-01T17:00:09","modified_gmt":"2023-10-01T22:00:09","slug":"capitalism-is-dead-long-live-technofeudalism","status":"publish","type":"post","link":"https:\/\/dyspepsiageneration.com\/?p=348676","title":{"rendered":"Capitalism Is Dead: Long Live Technofeudalism"},"content":{"rendered":"<p><a href=\"https:\/\/unherd.com\/2023\/09\/capitalism-is-dead-long-live-technofeudalism\/\" target=\"_blank\" rel=\"noopener\">Read it.<\/a><\/p>\n<blockquote><p>It has taken me years to answer my father\u2019s question \u2014 in the form of my new book, Technofeudalism: What Killed Capitalism. In it, I argue that our preferences are now shaped not by markets but by machine networks \u2014 what I call \u201ccloud capital\u201d. Amazon\u2019s Alexa, for example, is the portal to a totalitarian, fully centralised system of preference creation and satisfaction. First, it trains us to train it to dictate what we want. Second, it sells us what we now \u201cwant\u201d directly, bypassing any actual marketplace. Third, it succeeds in making us sustain this enormous behavioural modification machine with our free labour: we post reviews, rate products. Finally, it amasses huge rents from capitalists who rely on this network of cloud capital, usually 40% of sale price. That\u2019s not capitalism. Welcome to Technofeudalism.<\/p><\/blockquote>\n<p>Another seemingly bright person led astray by word-salad. One of these days I&#8217;m going to write an essay on the various mythologies of &#8216;capitalism&#8217;, both left and right.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Read it. It has taken me years to answer my father\u2019s question \u2014 in the form of my new book, Technofeudalism: What Killed Capitalism. In it, I argue that our preferences are now shaped not by markets but by machine networks \u2014 what I call \u201ccloud capital\u201d. Amazon\u2019s Alexa, for example, is the portal to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-348676","post","type-post","status-publish","format-standard","hentry","category-think-about-it"],"_links":{"self":[{"href":"https:\/\/dyspepsiageneration.com\/index.php?rest_route=\/wp\/v2\/posts\/348676","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dyspepsiageneration.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dyspepsiageneration.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dyspepsiageneration.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dyspepsiageneration.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=348676"}],"version-history":[{"count":1,"href":"https:\/\/dyspepsiageneration.com\/index.php?rest_route=\/wp\/v2\/posts\/348676\/revisions"}],"predecessor-version":[{"id":348677,"href":"https:\/\/dyspepsiageneration.com\/index.php?rest_route=\/wp\/v2\/posts\/348676\/revisions\/348677"}],"wp:attachment":[{"href":"https:\/\/dyspepsiageneration.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=348676"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dyspepsiageneration.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=348676"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dyspepsiageneration.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=348676"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}