From capitalism to technofeudalism
A few months ago I wrote a little piece about capitalism. The premise was that, to see the distinctiveness of our current capitalist world, it helps to go back in time to see what it looked like before. A bit like traveling helps to see the distinctiveness of your hometown.
What distinguishes capitalism from feudalism, I wrote, is the separation of labour from the means of production, the ensuing emergence of money relations and markets, and the resulting systematic imperative for capitalists to reduce costs to retain market share.