32
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 11 Nov 2023
32 points (92.1% liked)
GenZedong
4130 readers
7 users here now
This is a Dengist community in favor of Bashar al-Assad with no information that can lead to the arrest of Hillary Clinton, our fellow liberal and queen. This community is not ironic. We are Marxists-Leninists.
This community is for posts about Marxism and geopolitics (including shitposts to some extent). Serious posts can be posted here or in /c/GenZhou. Reactionary or ultra-leftist cringe posts belong in /c/shitreactionariessay or /c/shitultrassay respectively.
We have a Matrix homeserver and a Matrix space. See this thread for more information. If you believe the server may be down, check the status on status.elara.ws.
Rules:
- No bigotry, anti-communism, pro-imperialism or ultra-leftism (anti-AES)
- We support indigenous liberation as the primary contradiction in settler colonies like the US, Canada, Australia, New Zealand and Israel
- If you post an archived link (excluding archive.org), include the URL of the original article as well
- Unless it's an obvious shitpost, include relevant sources
- For articles behind paywalls, try to include the text in the post
- Mark all posts containing NSFW images as NSFW (including things like Nazi imagery)
founded 3 years ago
MODERATORS
I can't really comment on the historical notes there about the dynamics of financial and industrial capital, but I definitely agree with you that none of those digital monopolies he cited could be classified mainly as industrial capital. Except maybe Wallmart, which is not digital (AFAIK), but is still mostly just a consumer-facing monopsony.
A few (possibly wrong) ideas here, but I believe that the existence of software has created the perfect conditions for rent-seeking, since software is incredibly cheap to reproduce and distribute, but can't effect change in the material world without expensive hardware or humans. Because of that, a corporation can consolidate a Doctorow's Chokepoint in a new market at light-speed, but the actual productive (and expensive) work-force mostly exists outside their employ.
And since the average worker doesn't have enough money for that much rent, the corporations make the most of it cannibalising smaller companies, with shit like Windows licenses for companies, paying to have your posts be read by your followers on Metabook, Google taking a massive cut on apps payments, or stores on Amazon having to pay to have their products appear when searched.
I'm not sure why Hudson, Doctorow and Varoufakis keep calling this "feudalism" but I don't think they're fully wrong in drawing a distinction between those two sections of the bourgeoisie, even if it can't be exploited for revolution.
the techno feudalism thing is really annoying to me but day's post isn't it either. also these companies are insurers and real estate speculators and landlords themselves
Just a quick correction, this isn't written by Day. As noted in the forward, it is by JW Mason:
sure inaccurate phrasing worth clarifying, i did reference most of the stuff on there is reposts and translation in another comment