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You Are Witnessing the Death of American Capitalism | Benn Jordan (www.youtube.com)

submitted 1 month ago* (last edited 1 month ago) by [email protected] to c/[email protected]

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[–] [email protected] 11 points 1 month ago

We live in techno fuedalism, where rather than two parties exchanging value holding assets, now a tech billionaire sets the price for the seller and buyer, via owning a "marketplace" such as ebay, amazon, steam, temu, ect... They also take a cut of every transaction.

This is no longer a two party free exchange of goods, such as idealized under Capitalism, it's a different system.

It's what Yanis Varifakous calls Techno fuedalism. Hence the Oligarchs feeling invincible and more worthy than everyone else.