finished reading Technofeudalism: What Killed Capitalism 🌕🌕🌕🌕🌑
Late-stage capitalism has given way to cloud-based fiefs, and we are the serfs. I need convincing on some of the detail (e.g. how effective are they at manipulating our desires?), but mostly agree with his main argument. Pairs well with Cory Doctorow's #enshittification ideas (@pluralistic).
@WildWoila @wildwoila@aus.social @pluralistic capitalism is what happens when you let capitalists regulate markets. When a market is controlled in such a way, artificial scarcity can drive up the rate of return on investment. This increased rate of return, combined with the ability to prevent others entering that market (motes, economies of scale, etc), leads to inflated valuations. People are incentivized to leverage both of these to capture other market segments (Uber's business model, etc).
Repeat.
@cykonot @WildWoila @wildwoila@aus.social @pluralistic I think some responsibility lies with the people, either as consumers or voters, not giving a damn about what we call their digital "rights".
Selfish, ignorant people => Selfish, ignorant leaders.
