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Are We Transitioning From Capitalism to Silicon Serfdom?
(jacobin.com)
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this post was submitted on 18 Feb 2024
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Well, specifically what changed was that under feudalism power in society was determined solely by birth. Either you were born a noble or you weren't. Capitalism was rich merchants overthrowing the nobles and democratizing the oppression of the workers. I do agree that for the most part it is an iteration of the same system though.
I agree, late stage capitalism starts to look a lot like feudalism because all the wealth ends up being concentrated in the hands of a few people, but there are some differences in the way the two systems function.
I agree that there are more similarities than differences, and in most tangible aspects two systems behave in a similar fashion. Both are fundamentally predicated on a small privileged class of people living off the backs of the working majority.