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China offers an alternative to Western ‘technofeudalism’
(www.scmp.com)
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this post was submitted on 26 Jun 2025
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Define technofeudalism
Yanis Vourofakis's book defines it as rents almost entirely replacing profits, with technology being the replacement for feudal lands and with tech feudalists forgoing profits for pure rent seeking from the now lower class business owners i.e. merchants that can only rent capital instead of owning it and only sell in feudal markets like Amazon and gig workers i.e. tech serfs that have no workplace and float freely between tech feudal lords.
It's an interesting idea, at least.
Yeah it's Varoufakis' thing. I think it is just monopoly capitalism in reality but it's very funny that parent didn't even Google it.
Yeah, rent seeking behavior has been a constant of capitalism especially since it entered its monopoly stage. The railroad barrons and oil barrons and mining barrons and shipping barrons etc etc just sit on valuable resources and collect rents, rather than producing anything for profit. That's been with us for almost two centuries!
Capitalism bought some time with trust busting, but this is always the end game.
Not an expert but I'd put it somewhere around "using 'tech' (as in computers, software, etc.) to carry about fraudalism."
If you're wondering where I'd put feudalism, I'd be something like "limiting People's economic (and sometimes social) mobility through leveraging ownership of resources the person needs to survive".
So you have no idea at all and are just guessing based on the composite words. And yet you try to tell people China has this model?
What is the right word to use when someone is pretending to know things when they have never even tried to learn them?
And you would be incorrect. Many previous and current economic system can be described this way, including capitalism. This does not distinguish feudalism and you would misinfoem others if you continue to make shit up like this.
Have some basic humility.
lmao they declared they blocked hexbear, apparently because they are too afraid to confront their ignorance and chauvinism: https://hexbear.net/post/5385022
That entire Comm is mostly posts by Dr. Wesker
lmao
And nobody cares about their post, all the comments are just hexbears who followed them to continue mocking them lol
Edit: nobody cares about that entire com actually, 0 comments or upvotes anywhere. Why even bother posting there.
Yeah so words have meanings and taking a stab at interpreting them is a lot less effective than just looking it up. Feudalism is a specific mode of production, not what you wrote.
You have a poor grasp on feudalism.