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this post was submitted on 13 Jan 2024
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Douglas @Rushkoff@social.coop calls this "going meta." Don't sell things, provide a platform where people sell things. Don't provide a platform, invest in the platform. Don't invest in the platform, buy options on the platform. Don't buy options, buy derivatives of options.
A more precise analysis comes from economist #YanisVaroufakis, who calls this #technofeudalism. Varoufakis draws our attention to the distinction between #profits and #rents.
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