Techno-feudalism: a logic of regression in the digital age
In collaboration with Regards croisés sur l'économie
In the early 2020s, the Silicon Valley consensus is crumbling. Crazy inequalities, stagnant productivity, endemic instability... The new economy has not arrived. Algorithms are ubiquitous, but that doesn't mean capitalism has become civilized. Quite the contrary, in fact. The digitization of the world is causing a great regression. Big Tech is vying for control over data sources in cyberspace. Subjects are tied to the digital glebe. In the emerging economic order, capital is shifting from production to predation.
We take a closer look at these issues with Cédric Durand, an economist at the University of Geneva. He is notably the author of Techno-feudalism. Critique de l'économie numérique (La Découverte, Zones, 2020) and is also co-author with Razmig Keucheyan of Comment bifurquer, les principes de la planification écologique (La Découverte, Zones, 2024).
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