I had a family member like this... They'd go off about how awful capitalism is, and the shit that goes with it (to which I'd generally agree) but have a house full of google home devices, brag about how much they buy on amazon, and simp for the giant megacorp for which they worked a retail job...

It woulda been funny if it wasn't so sad.

[–] lugal@sopuli.xyz 17 points 7 months ago (2 children)

According to Varoufakis, this is techno feudalism. He wrote a book about it. So arguably, it's not capitalism but by no means is it better than that

[–] fidodo@lemmy.world 3 points 7 months ago* (last edited 7 months ago) (1 children)

Wouldn't the best term be mercantilism? Power through the accumulation of wealth, but instead of nations it's now corporations. It's definitely not capitalist since capitalism is about having competition, and that doesn't happen without constant government intervention to break up monopolies and trusts.

[–] chayleaf@lemmy.ml 1 points 7 months ago

over a century ago Lenin has defined imperialism as capitalism in decay, monopoly capitalism, capitalism that has outgrown competition, that has stopped playing a progressive role in history and became solely a force of reaction, and since then not much has changed

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