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The promise of the ‘new economy’ gone, we have regressed into the age of techno-feudalism
The rise of the IT industry in the nineties promised a new era of freedom and prosperity. It didn’t deliver. Today, algorithms are everywhere, but digital monopolies push us towards the feudal logic of rent, dispossession, and personal domination. How Silicon Valley Unleashed Techno-feudalism tears apart the Silicon Valley consensus to reveal the new economic order, in which capital has abandoned production to focus on predation.
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The promise of the ‘new economy’ gone, we have regressed into the age of techno-feudalism
The rise of the IT industry in the nineties promised a new era of freedom and prosperity. It didn’t deliver. Today, algorithms are everywhere, but digital monopolies push us towards the feudal logic of rent, dispossession, and personal domination. How Silicon Valley Unleashed Techno-feudalism tears apart the Silicon Valley consensus to reveal the new economic order, in which capital has abandoned production to focus on predation.
