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Forum Post: Techno-Feudalism: The Decoupling of Finance from the Real Economy

Posted 12 months ago on July 7, 2021, 10:05 a.m. EST by agkaiser (2515) from Fredericksburg, TX
This content is user submitted and not an official statement

Yanis tells it all:

https://www.nakedcapitalism.com/2021/07/yanis-varoufakis-techno-feudalism-is-taking-over.html

Will a voice be heard that speaks for those of us who do the real work that feeds and clothes the world and who are the victims of the Techno Capitalists?

14 Comments

14 Comments


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[-] 2 points by ImNotMe (1488) 12 months ago

"Americans deserve better and the only thing standing in the way, is a group of billionaires who'd rather shoot themselves into outer space - than let unions into their workplaces or pay reasonable taxes…and can pay politicians and stack our courts with racist judges to keep it that way." ... taken from:

Consider from your great link: "It is not, of course, that traditional capitalist sectors have disappeared. In the early nineteenth century, many feudal relations remained intact, but capitalist relations had begun to dominate. Today, capitalist relations remain intact, but techno-feudalist relations have begun to overtake them."

fiat justitia - ruat caelum!

[-] 1 points by ImNotMe (1488) 10 months ago

"Forget 'The American Dream' – millions of working Americans still can’t afford food and rent"!

omnia causa fiunt!

[-] 1 points by ImNotMe (1488) 6 months ago

Meanwhile "Investigation finds at least 48 Members of Congress have violated STOCK Act"! by Sharon Zhang:

radix omnium malorum est cupiditas!

[-] 1 points by ImNotMe (1488) 6 months ago

Note:"The twentieth century produced a very clear sense of what the future was to be, but we now seem unable to imagine any sort of redemptive future. How did this happen? One reason is the replacement of what might be called poetic technologies with bureaucratic ones. Another is the terminal perturbations of capitalism, which is increasingly unable to envision any future at all." - from:

e tenebris, lux?

[-] 2 points by gsw (3398) from Woodbridge Township, NJ 6 months ago

The Privatization of Everything: How the Plunder of Public Goods Transformed America and How We Can Fight Back

https://nextbigideaclub.com/magazine/privatization-everything-plunder-public-goods-transformed-america-can-fight-back-bookbite/31594/

[-] 1 points by ImNotMe (1488) 4 months ago

"Private Interests and Public Interests are simply different. Not good, not bad, just different. Private companies sell things, while the public wants to ensure that people have the things they need. The problem comes in the fine print of public-private contracts and agreements, which, by design, embed private control over our public goods.

"For example, 12 years ago, Chicago (like all cities) was hit hard by the recession and swimming in red ink. Out of desperation, they took an offer from global investors and a national parking company to give the city $1.1 billion—up front—in exchange for control of the city’s 36,000 parking meters for 75 years.

"Everyone thinks it was a terrible and shortsighted deal, but the worst part is that it was an assault on democracy. Chicago city transit planners are unable to implement planned transit alternatives, like BRT or bike lanes, because the contract requires that the city buy the parking spots back to cover revenue that could have been generated over the life of the contract.

“That’s a straitjacket on democracy.”

"It makes sense for the contractor, but it doesn’t make sense for us. It forces elected officials to consider the impact that new policies could have on company revenues, rather than freely create policies that respond to a changing world. That includes basic city responsibilities such as land use, housing, climate, transportation, and parks.

"In other words, the contract takes away the power that democratically elected city leaders need to do the job they were elected to do. That’s a straitjacket on democracy, and unfortunately, those constraints are a common feature of public-privatized contracts."

===============================================================================

ALL QUOTED & TAKEN FROM YOUR LINK & now an identification & explanation of The US/UK Ruling Class' Psychopathic Ideology .. that underpins so much of what has gone wrong for The 99% in the last 50 years:

MULTUM in parvo!

[-] 1 points by ImNotMe (1488) 8 months ago

"Trashing The Planet & Hiding the Money isn’t a Perversion of Capitalism .. It is Capitalism"! by George Monbiot:

NB: "Exploiting people, exploiting land, and keeping its ugly side secret. Its historical effects are all too recognisable in the Pandora papers now." . . . An excellent insight into the roots of modern crapitalism!

MULTUM in parvo . . .

[-] 1 points by agkaiser (2515) from Fredericksburg, TX 8 months ago

No "subway walls and tenement halls" for the words of the prophets: see BradBellflower@apartmentscom or Pharma and other commercials about the future of home ownership/tenant peonage and debt slavery.

[-] 2 points by ImNotMe (1488) 8 months ago

Consider how "The wealthy & powerful live a life outside of the view of the average citizen. It is a state of existence that is no longer constantly controversial, but neither is it necessarily accepted by all. The delicate balance is upheld by secrecy and wealth that can conceal - whatever becomes unintentionally revealed. In 2021 the disclosure of the Pandora Papers tipped the precarious balance." fro ...

e tenebris, lux?

[-] 1 points by ImNotMe (1488) 11 months ago

"Billionaire Tax Cheat Travels to Space . . . for a Few Minutes"! by William Rivers Pitt:

pro bono publico?!

[-] 0 points by factsrfun (8306) from Phoenix, AZ 11 months ago

you must be heart broken that Trump couldn't save you from that evil Democrat Biden the way he did from Hillary, you do hate Biden don't you? you do know he's been a Democrat a hell of long time...

[-] 1 points by ImNotMe (1488) 11 months ago

Bernie Sanders was my choice, U Democrap worshipping dolt & he's still working for The 99%!

et veritas vos liberabit!

[-] 1 points by factsrfun (8306) from Phoenix, AZ 8 months ago

yes I supported and posted my support for Bernie as well and to your credit, unlike in 2016, at least this time I saw you in fact posted your support for Bernie, if you were a bit late to the effort, but in the end you had to rely on Trump just as you did in 2016 but this time he failed you...

[-] 1 points by ImNotMe (1488) 8 months ago

Your crazed Centrist; Pseudo-Liberal and de facto RW; Trapped In The Past; Tendencies, remain unperturbed by rhyme or reason don't they, factsRfukt, U Zero-Sum Game numpty?! But meanwhile ...

Do NOT parade your support for Bernie - when U are on record as kissing HRC's & Gillibrand's asses! Further to my "credit" - I accept NO "credit" from the likes of your de facto RW self, U Democrap Dork!

et temet nosce!