this post was submitted on 03 Aug 2024
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More broadly about companies not producing things but extracting “rent” from others by controlling a marketplace all others have to go through. The former economist in residence is promoting a new book he wrote, which I suppose I would have to read to fully understand his argument. The little bit I read in the article has not exactly convinced me, but more from the part that other companies he mentions like Apple and Amazon also produce products.
I've read the book and I found it okay, but I read it not long after Shoshana Zuboff's Surveillance Capitalism, which I think tried to explain many of the same things that Technofeudalism does, but I feel Zuboff's take feels more fitting (though the two models aren't necessarily mutually exclusive)