Technofeudalism is the logical evolution (I'd say end stage, but I'm not sure it can't get even worse) of capitalism. That's what happens when the 0.1% own 90% and decide to turn it up to eleven.

[–] queermunist@lemmy.ml 12 points 1 year ago* (last edited 1 year ago) (4 children)

Technofeudalism would require more than just inequality. The capitalist State would need to be eroded so that the tech-lord replaces all government services and functions. Markets would need to be eroded in favor of the tech-peasants simply bartering with each other for subsistence. Wages and employment would have to be eroded so instead the tech-peasants pay a tribute to their tech-lord in exchange for the right to use the tech-lord's land and resources. Changing jobs wouldn't be a matter of just applying somewhere else, it would mean pledging fealty to a different tech-lord.

Feudalism isn't just capitalism with extra steps. It's literally a different economic system.

[–] ConspiracySeries@lemm.ee 1 points 1 year ago

Yeah its why they are rushing to build "smart robots" then we have exactly what you are talking about AI slavery - then they dont need us anymore.

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