this post was submitted on 22 Apr 2026
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A new form of capital is ascending: cloud capital—networked algorithmic machines that grant their owners remarkable powers to modify our behaviour. And just as financiers needed neoliberalism, today’s tech lords need a new ideology to legitimise their rule. I call it techlordism.

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[–] NewOldGuard@lemmy.ml 1 points 8 hours ago* (last edited 8 hours ago) (1 children)

> new yanis varoufakis analysis just dropped

> look inside

> rebrand of left analysis that has existed for a century but with misunderstandings and some crank shit sprinkled in

Seriously though this is fascism, a modern tech flavor but fascism nonetheless. Just as his “technofeudalism” claims were just describing imperialism and neoliberal monopoly capitalism but with his own branding. I’d rather people listen to him than somebody more right wing but this guy is kinda off the mark a lot

[–] vapordays@leminal.space 1 points 8 hours ago* (last edited 3 hours ago)

Yeah, that is exactly what I've thought of Yanis V's "critique" as well. Well said

It's a kind of rebrand of Marxism that is missing out on some important points, even the defining elements of capitalism which are still in place. Like, he is saying capitalism is not capitalism anymore? His idea is that capitalism has been "killed" which is disingenuous at best (if he's just using it as hyperbole) and completely wrong at worst, since we are indeed still broadly in the thick of it. It does seem sorta like he just wanted to sell a book or hear himself talk etc.