Technofeudalism and the Impact of Digital Revolution on Capitalism
Thursday, 28 March 2024, 22:33
Technofeudalism: The New Face of Capitalism
The digital revolution spearheaded by key players like Meta, Alphabet, Apple, Amazon, and Microsoft is causing a monumental shift in the economic landscape.
The Rise of Technofeudalism
Under the reign of these tech giants, capitalism is morphing into a state of 'technofeudalism', raising concerns about monopolistic practices and control over the digital economy.
This trend highlights the consolidation of power and wealth in the hands of a select few, potentially reshaping the dynamics of the global market.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.