When Yanis started talking about how US Dollars act as IOUs that could only be invested in US stocks, made me think of "Super Imperialism." Remarkable how these sorts of things all tie together.

This is quite freaky! Thank you so much; we need to know who and how we´re being exploited. It never stops: masters and servants (or worse). Thank you for sharing these think tanks, and their important discoveries! Much appreciated 🌟

We returned to feudalism before the internet, in the late 70's. Do you own your home, or pay a mortgage/rent? A mortgage isn't owning for 20-30 years and you won't dent the principal for 8-10 years and statistically people move every 5-7 years. You'll never own a home in feudalism AND the land you rent isn't making income, just filtering your wages from landlord to landlord. Newish car without a lease or car payment? Never own it. To the point that Uber/Lyft drivers rent from Enterprise/Budget to be a gig worker. They are renting the means of production AND paying a technofeudal lord for the digital opportunity. You're getting shafted two ways now.

Excellent discussion.

thanks for this Mitch - it was super interesting today

Good stuff

The enshittification is real. It’s happening on dating apps, which have become something people rely on

@Praisethesunson

12 күн бұрын

Dating apps can't make money if you find your life partner after two weeks.

Love love love you Yani

2:52 "CUT" - Yanis was momentarily startled by something. What happened, was it a cat? Lol

Few points that escaped Mitch to ask Yanis : When & How & who created the FED : ( FED owners after 1913 are Imperialists of Finance Capital dominating the world markets ( N. America plus Europe was 80% of Wprld Market then) before Cloudists come around ) ? When did the Cloudists took over the power ? When Yanis explains how Kissinger asked his '' intelligent '' question ( how to get out of USA deficit ? ) & Paul Walker answered it : make the other capitalists German Japanese French Italians .... pay for it ! from 36 min on Yanis explains that FED owners ( that Kissinger is working for FED owners , Rockefellers--J.P. Morgan--Rothchieldes--B.A.--City Gr. etc.... ) due to their unintended results of Quantitative Easings gave rise to Cloudists ??? The question is how when there is no Internet and the networks start to be extended & Internationalized after 1990 ? .......

Let's hear about Techno-Jazz killing Classical music.

I think excellent assessment. We can see with our eye what is happening. I disagree that Chinese capitalists want $ to prevail. I don't think Mister Yanis understand how much Chinese have contempt for USA. Even if they got good profit from US treasury bond they will sell if Chinese government want them to 😊

Enshitification. Chef's kiss. Lol

He's right. Sellers sold their goods on the side of the road in order to capture the attention of travellers. After the Advent of the printed page newspapers could reach a larger audience, as was the case with TV. The problem was that it didn't target consumers with pin point accuracy. Once that was achieved they could then manipulate consumers into buying any given product. Based on the mega data gleaned from this comment I made and whether or not you liked it. Subliminal advertising run amuck.

Russia has yandex, VK, telegram and more

@indycoon

Күн бұрын

Wildberries, Ozon , Sberbank with their tools and services , 1C, MIR payment system etc

How do most of you guys still make profit, even with the downturn of the economy and ever increasing life standards

@KN0852

16 күн бұрын

Well, I picked the challenge to put my finances in order. Then I invested in cryptocurrency, stocks, through the assistance of my discretionary fund manager

@KN0852

16 күн бұрын

Mrs Nancy Williams Laplace

@ann-ie4hc

16 күн бұрын

This is correct, Nancy's strategy has normalized winning trades for me also and it’s a huge milestone for me looking back to how it all started..

@user-fe9nv9lw9f

16 күн бұрын

Nancy is considered a key Crypto Strategist with one of the best copy Trading Portfolios and also very active in the cryptocurrency space.

@Cindycalors-sy8fw

16 күн бұрын

The first step to successful investment is figuring your goals and risk tolerance either on your own or with the help of a financial professional but it's very advisable you make use of professional

ok wait a minute.. owning the electric grid is way different than owning a bunch of tractors or industrial robots that YOU BOUGHT to make something you invented, for example

@Praisethesunson

12 күн бұрын

Being different doesn't change that their method of getting profit are both the same. You own something and use your ability as a mandatory middle man to extract maximum wealth for yourself. Except it's never yourself. It's an institution that has access to more capital than your entire bloodline will ever have.

@comment6864

12 күн бұрын

@@Praisethesunson Extracting wealth from something you built and own is basically being allowed to keep what God provides. What you do with it is on your conscience, but nobody's right to take away. Do not steal.

@comment6864

12 күн бұрын

@@Praisethesunson The problems in this country are not related to capital or owning and producing, but rather to the laws favoring speculators and speculation and to the fact that you can become wealthy through financial manipulations while producing nothing, also to the economy being not market driven but rather marketing driven.

Yanis Varoufakis is great. However I do not think that techno feudalism is sustainable for any considerable time. It will be there but at a much reduced scale. Technological and institutional changes will reduce the power of techno feudals.

@ChrisCleg

15 күн бұрын

This is a very optimistic view of economic history

@ahmuqasim7540

15 күн бұрын

@@ChrisCleg I am thinking about the response of the ruling class to techno feudalism. They know a stark class differences can bring an end to the system. They will save it by making the system at minimum fair for more capitalists. Bourgeois democracy is flexible and ready to learn from anyone when need be. During the 2008 crisis German capitalists invited Marxists to tell them what is wrong with the system. They of course were not interested in Marxist solutions. But knowing what is wrong is half of the answer. It helps them think of own solutions. I like Yanis's solution of democratized ownership of companies. But that requires a strong and successful political movement which is unlikely. Most likely we will end up with a reformed techno feudalism that will allow some competition and fairness among all types of capitalists. So, I guess I am sort of pessimistic!

@Praisethesunson

12 күн бұрын

Sustainability has never been the goal of any tech industry

**Trump voice/hands** CHINA!

Wouldn't the definition of capitalism easily include techno fuedalism? "an economic and political system in which a country's trade and industry are controlled by private owners for profit." I'm not convinced, and anyway so what? Does he want to replace Marx or something?

@Ahng_Noying9574

15 күн бұрын

The difference can be made with one word: rent. Capitalists (supposedly) take risks to earn profits. Lords extract rents merely for existing.

The interviewer clearly is not intellectually up to task to comprehend the subject matter.

What is the solution for the common man? Do you buy hard assets like gold and build up your own capital?

@KoIossov

10 күн бұрын

The solution is for the working class to take state power for themselves, so that the state is a tool for the benefit of workers, providing safety and stability for all, rather than a weapon used by the ruling capitalist class to hold everybody else down. It may be a long road, but it must begin with working people reading, engaging each other in discussion, educating themselves, accepting the reality that they live in, and that they themselves hold the power to change this reality, but only if they all stand together and work towards their goal as one

There is no debate that Yanis is a brilliant guy, however, he is off base. Feudalism is an outgrowth of the alpha-dominant instinct which has a series of checks and balances in nature, primarily, time as the alpha-dominant male ages out of the competition and younger, stronger alphas knock him out of the seat of power. The beta types who could not compete with alphas at the level of brute force exploit changes in conditions of heirarchies of power where the alphas "age out" of the competition. The betas who were forced to develop powers of cunning in order to be in the competition manage to transform their physical disadvantage at the level of brute power to predatory cunning to forge alliances with competing sub-alphas who cannot compete with the true alpha for primacy by themselves. By forging alliances the betas gather and coordinate strength in numbers through psychic manipulation which provides them with the advantage of developing effective strategies to exploit weakness in the dominant alpha through strategically devoloping beneficial alliances with other sub or secondary alphas to sieze and maintain the reins of power long after the expiration date of their vitality and ability to maintain dominance through their own powers. Betas, adopting and masquerading with alpha traits are able to manipulate others to maintain their place and relevance in the heirarchy to impose their will by pressuring others to exert brute force through military alliance. The shift in power from feudalism to capitalism to techno-feudalism is essentially the shift from psychopathy to higher functioning sociopathy. Feudalism is an outgrowth of the alpha dominant instinct and capitalism is an outgrowth of feudalism, regardless of the transformation or transmogrification, the alpha dominant instinct which is also present in betas is the driving, motivating foce that adapts to respond to changing conditions, of which the development of technology drives the evolution of the alpha dominant instinct. The transition from feudalism to capitalism to tec hno-feudalism is in essence, the alpha dominant instinct reinventing itself to adapt to changing conditions.

@Praisethesunson

12 күн бұрын

Lol your comment was peak beta thinking. All that alpha beta nonsense was disproven years ago.