this post was submitted on 05 Dec 2025
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GenZedong

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Absurd, idiotic headline. Apart from being pure slander of the Soviets, the whole premise vulgarizes socialist economic theory and what economic planning even means. The more i read from Varoufakis the more i'm beginning to think he's really a moron.

He thinks he's so clever coming up with these comparisons, with nebulous concepts like "neofeudalism", as if he's just discovered something completely new that no one discovered before, when all it is, is just monopoly capitalism. All to avoid applying a good old fashioned Marxist analysis which is more than enough to explain these phenomena without resorting to estoteric theories about a new "feudalism".

The more you read him and others like him the more you start noticing the conspicuous, Marxism-shaped hole in their analysis. Because of course we can't be seen to be talking in Marxist terminology and applying dialectical analysis can we? That wouldn't be respectable, our liberal academic peers would call us names...

The result of this Marxism-phobia is that he has to vomit up onto the page sentences like:

So, just as the Soviet Union generated one kind of feudalism in the name of socialism and human emancipation, today, Silicon Valley is generating another kind of feudalism — technofeudalism, I have called it — in the name of capitalism and free markets.

No, you pretentious wannabe, the Soviet Union was not "feudalism" and neither is monopoly capitalism.

Idk why anyone ever thought this guy, who is clearly an anti-communist radlib, had anything intelligent to say.

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[–] RedMace@lemmygrad.ml 29 points 3 days ago (2 children)

Saying the Soviet Union was feudalistic is really one of the dumbest things a "leftist" would say. Alas, performative leftism it is. Going through the motions, critisicing this and that capitalism, coming up with new terms like "Technofeudalism".

I agree he would openly turn against communists if it came to that. Maybe that's why "Diem25" and "Mera25" are not Marxist parties, but "anti-capitalist".

[–] mermella@hexbear.net 7 points 3 days ago

The French economist Cédric Durand. In German-language discussions, for instance, Durand’s 2020 book titled “Technoféodalisme” is sometimes said to have first operationalized the idea

[–] haui@lemmygrad.ml 6 points 3 days ago (1 children)

Good point! We should have someone analyze those from a marxist perspective. That would probably help people like me to not always forget them and have an analysis ready once asked.

[–] mermella@hexbear.net 3 points 2 days ago

Rent still exists within capitalism. The dominance of rent doesn’t automatically overturn the mode of production. You can have rentier capitalism without feudalism.

From strict Marxist criteria, feudalism is defined by: • serfs bound to land • extraction of surplus labor through extra-economic coercion • personal legal dependency ties

Platform users are not legally bound, nor biologically tied to the land, but they are structurally dependent on platforms for access to markets, communication, and social reproduction.

Thus the debate: Is dependency “as if feudal” enough to change the mode of production, or is this metaphorical inflation?

Even if sovereignty is fragmented, all these platforms remain capitalist firms, operating under capitalist competition, dependent on global capital flows, and hiring wage laborers. So the base looks more like monopoly capitalism than feudalism.

However, Durand’s supporters argue that: • platforms have become para-state entities, • capable of enforcing rules through algorithmic governance, • exercising non-democratic authority over economic life.

That is reminiscent of feudal personal authority, but technologically scaled.

Some Marxists argue that “technofeudalism” mystifies: • the role of global finance, • the extraction of surplus value from labor, • the capitalist structure enabling platforms.

Others argue the term clarifies: • the intensification of dependency, • the privatization of governance, • the enclosure of the digital commons.

Durand’s contribution is thus politically charged: “technofeudalism” is not a neutral descriptor but a theoretical weapon to highlight domination, enclosure, and monopoly power.