Corporate Greed

Technofeudalism

The revolution has already occurred—and while capitalism lost, communal ownership certainly did not win. Capitalism died when the physical means of production—machines, factories, and services—were superseded by virtual platforms that, in feudal style, seek “rent” rather than surplus profit derived from labor. Technofeudalism, a system dominated by enormous companies existing largely online that transform users

Corporate Greed

On Fascism

Fascism is a far-right, authoritarian, ultranationalist political ideology and movement,[1][2][3] characterized by a dictatorial leader, centralized autocracy, militarism, forcible suppression of opposition, belief in a natural social hierarchy, subordination of individual interests for the perceived good of the nation and race, and strong regimentation of society and the economy.[2][3] Fascism should more properly be called corporatism because it is the merger of state and corporate power. Whether we believe that

Capitalism

FTC Staff Report Finds Large Social Media and Video…

Report recommends limiting data retention and sharing, restricting targeted advertising, and strengthening protections for teens. A new Federal Trade Commission staff report that examines the data collection and use practices of major social media and video streaming services shows they engaged in vast surveillance of consumers in order to monetize their personal information while failing

Capitalism

Freedom Under Capitalism Isn’t All It’s Cracked Up to…

Libertarians argue that capitalism is superior to socialism because in capitalism anyone is free to do anything — including start a worker cooperative. In truth, capitalism constrains our options, while socialism can liberate us to live as we please. Capitalism is a system under which the means of production can be bought and sold by

Capitalism

Welcome to a Brave New World of Price Gouging

Sellers have always had access to more information than buyers, and “dynamic pricing,” which harnesses the power of algorithms and big data, is supercharging this asymmetry. If you weren’t already convinced the future of capitalism will involve an endless optimization of extractive capacity and the ensuing enshitification of every last bit of consumer life, well, get ready