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Are bosses replacing capitalism? Explaining technofeudalism

Are bosses replacing capitalism? Explaining technofeudalism

The term technofeudalism is widely used on the left to describe the ascendancy of giant tech firms that seem to ­dominate every aspect of our lives. Left wing figures such as the former Greek finance minister Yanis Varoufakis and the French economist Cédric Durand argue that this new system is replacing ­capitalism. Political t­heorist Jodi...