Some critics of Yanis Varoufakis’s idea of overbearing “technofeudal” control argue that it idealizes past forms of capitalism. In a piece for Jacobin, he argues that this criticism is misplaced.
The Marxist Case for the Technofeudal Hypothesis
Yanis Varoufakis has called Big Tech’s overweening power to shape the modern economy “technofeudalism.” Writing for Jacobin, he argues that this isn’t a moral critique but one based in the dynamic of capital accumulation today.
jacobin.com