Technofeudalism versus Total Capitalism
How to describe decadence? It is easier to agree on its features than to arrive at a consensus conceptualization: economic decline, low productivity growth, withered state capacities, and a social landscape characterized by high inequality and crumbling infrastructure—but also fused with high-tech innovations, often directed to surveillance and control. But what could it all mean, other than “down”? The concept du jour is premised on the notion that we are leaving capitalism and entering a new form of feudalism, which recalls the hierarchy, domination, and stagnation of the old. This understanding of contemporary decline has given rise to the technofeudal thesis. And while the observations of technofeudal theorists are not without use, feudal talk is ultimately a distraction from decay; it is a mediatic plaything. It cannot function as a fire alarm, nor a pair of binoculars. What its theorists describe may be real, but they misunderstand its nature…
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