Wednesday, 29 January 2025
On "techno-feudalism"
If the leading players in today's fincial stasis come across as chesslike toys maybe it's because they are. The wealth of image-obsessed tech owners like Elon Musk and Mark Zuckerberg is now so great that they have influence over governments and people comparable to that of feudal lords in medieval times. Because of its literally ethereal/wireless nature today’s resulting “techno-feudalism”, so called by politucal activist Yanis Varoufakis, is virtually unlimited. Established political orders are playing catch-up. And failing - as global energy disasters grow. So,the key question for today is how are citizens to exercise their increasingly only theoretical democratic power.The answer must be to incorporate controls in organizations at “birth”, when they are created. No business should be licensed without built-in popular controls much greater than the health and safety measures that populations fought for and established in the past. “Social Enterprise” must become standard enterprise by requiring the social and environmental controls, currently “ghettoized” in social enterprise, not by just wishing them. Doing business must be at the dctat of popular need,not that of owners.
