My dentist has apparently just been bought out by some big corporate operation. I hate these bastards.using the virus to destroy small business is another nudge towards feudalism. As you say it's about total dependence on the lords of the manor.
My dentist has apparently just been bought out by some big corporate operation. I hate these bastards.using the virus to destroy small business is another nudge towards feudalism. As you say it's about total dependence on the lords of the manor.
Optimisation.My dentist has apparently just been bought out by some big corporate operation. I hate these bastards.
One could argue that the free market can reach a point where private firms accumulate such a market share that the market ceases to be free in the real sense, and in this sense you could argue a paradigm shift would occur, to something approximating data feudalism in our case.Varoufakis is promoting his new book on this and claiming capitalism's dead by its own hand, replaced by the fiefdoms of Amazon, Google, and the like. He also claims Europe's finished, irrelevant, and just another area caught between the 'Big Tech' poles of America and China as it has no competitors to Apple, Google, TikTok, etc. What he calls "Cloud Capital".
One could argue that the free market can reach a point where private firms accumulate such a market share that the market ceases to be free in the real sense, and in this sense you could argue a paradigm shift would occur, to something approximating data feudalism in our case.
This is where I suspect I diverge from what I understand to be "orthodox" neoliberalism, if there is such a thing. IE for me its not 100% about letting markets be efficient - there needs to be some state-enforced policies and frameworks.There does seem to be a sweet spot, almost like what could be called the neoliberal overton window for economic regulation, whereby states only regulate when said regulation is actually in protection of the free market. Of course, I also think some regulation is necessary to protect social welfare to some extent, even at some cost of free markets, IE not all government regulation should be neoliberal in my mind.
I also tend to believe in what could be called dynasty churn, or that elite entities and institutions can only last so long before internal or external politics disrupt them.
Totally, the only alternative really being this conspiratorial/metaphysical idea of cabals or elites who are distanced from the churn. IE all winning streaks end but the house keeps winning sort of thing. Anyway, I don't lend any real credence to that. I think interpersonal politics and vying ambitions threaten any position of power, as far as I can tell.Yeah, I don't think you can look at history and think anything will be around forever.