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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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Technology
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I do think a new term makes sense because these platforms both scale ultra large so "explode" in market power, and also can't just be broken up using anti-trust laws because then the network effects of large network effects vanish (this is true for amazon and social media). So it is something different because of those new properties. I think federation and open protocols might be the answer to this.