alt Hacker NewsIs technofeudalism even a thing? Yanis Varoufakis goes on about it (despite being a keen WEF collaborator)... But it seems to me that in mediaeval feudalism that the lords needed the peasants downstream to produce food and military units. In the technocratic system we are heading towards, the lower classes (us) will be needed for labour and military purposes even less, thanks to automation etc. They will have less and less need for our income since they will have automated investments too. The one similarity to feudalism will be an information caste to make sure we tow the line but even that can be automated.
Not an attractive situation but not a very feudal one.
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Technofeudalism always has been a complete inanity of a term, really and worthy of eyerolls that shows no understanding of either tech nor feudalism. You might as well call your relationship your grocery store 'inverted feudalism' because you depended upon them as the vector for food.
Generally anybody conflating corporations with feudalism shows a complete lack of understanding of the latter. Nobility and monarchs hated merchants for one and ruled by force of arms. Being rich didn't make you a king, having an army obeying you did which was what made you rich. But that sort of utterly concussed understanding and rhetoric is woefully common.
Not for military purposes, but if you're an employee of eg Google, life is pretty good. Free food, spacious offices, great health insurance; all sorts of perks. All at the behest of Lord Sundar.