this post was submitted on 30 Nov 2021
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Yanis Varoufakis: Capitalism has become 'techno-feudalism' (www.youtube.com)
submitted 3 years ago by [email protected] to c/[email protected]
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[โ€“] [email protected] 0 points 3 years ago (1 children)

No it hasnt. Its just as Marx described.

[โ€“] [email protected] 0 points 3 years ago

I'd argue this is just a different way to describe the same thing. Marx explained how contradictions of capitalism necessarily lead it to this stage. However, observing parallels between late stage capitalism and feudalism is also valid.