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Is Technofeudalism Replacing Capitalism? A Critical Perspective for Tech Workers

  • Yanis Varoufakis argues that we’ve shifted from capitalism to technofeudalism in the digital economy.
  • Big tech platforms act like digital landlords, extracting rewards while individuals and small businesses do most of the work.
  • This dynamic stifles creativity and innovation, concentrating power in the hands of a few.
  • As tech workers, we should focus on building products that benefit users rather than just extracting value for the platform.

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