this post was submitted on 26 Sep 2023
315 points (92.5% liked)
Technology
59300 readers
4699 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I hear your analysis and I think he's jumping the gun a bit. I think what he's pointing at is a potential for things like Amazon to become more and more feudal.
But I think you raise a lot of good points.
We do still have governments and governments are still capable of reeling in companies like Amazon. I think corporate feudalism or technofuedalism is a potential and I think he's right that it may be closer than we realize.
But he believes we've already crossed that bridge. Some examples he uses to support his position is stock prices going up when the financial sector is expecting a bail out. I.e., the governments really belonging to corporate interests rather than for the people by the people.
I think his analysis is correct in a lot of ways but the term he's using is for something we could potentially be seeing happen soon rather than a line we already crossed.