technofeudalism
nounEtymology From techno- + feudalism.
1
A feudal system of government and property organization in which economic and social power is concentrated in a few technological and digital companies.
- Near-synonym: neofeudalism
- Plus, it makes a good meme. The hungry crowds on Reddit and Twitter love it: a YouTube video of a discussion on techno-feudalism by Varoufakis and Slavoj Žižek garnered over 300,000 views in just three weeks.2022 April 13, Evgeny Morozov, “Critique of Techno-Feudal Reason”, in New Left Review, number 133/134, pages 89–126:
2 more examples
- This is the vision underlying the technofeudalism thesis, which holds that 21st-century capitalism has been superseded by a new economic system overseen by Big Tech.2022 October 28, Malcolm Harris, “Are We Living Under ‘Technofeudalism’?”, in New York Magazine:
- Specifically, the Great Inflation and cost-of-living crisis that have followed the recent pandemic cannot be properly understood outside the context of technofeudalism.2023, Yanis Varoufakis, Technofeudalism: What Killed Capitalism, Random House, →ISBN:
- Related terms
- technofeudal, technofeudalist, Big Tech, technocapitalism, tech baron, techlord