Also, the author of this article erroneously conflates apocalyptic religion (hello Christianity?) with “occultism and techno-pagans”, again failing to see the resistance and power of beliefs held by peasants in the past and present day, and conflating them with that which they resist.

What if we’re not in capitalism anymore but something worse? The question is provocative, sacrilegious, unsettling as it forces anti-capitalists to confront an unacknowledged attachment to capitalism. Communism was supposed to come after capitalism and it’s not here, so doesn’t that mean we are still in capitalism?

I know this is from a few months back, but sadly neofeudalism (neomanorialism?) is an issue that may need to be perpetually on the radar. There are many with a great deal of wealth and power that would see a return to some variant on the Middle Ages. The irony that The Road to Serfdom (Hayek / Neoliberalism) may just be the actual road to serfdom (neofeudalism) might be lost on that crowd.

High tech, finance, and globalization are creating “a new social order that in some ways more closely resembles feudal structure — with its often unassailable barriers to mobility — than the chaotic emergence of industrial capitalism.”

A society dominated by hedge funds is what we have. Or they run the firms in a bad way to get a stream of profits that they can use to place bets in financial markets. Hedge funds seeking a high return on equity run our society. It is not capitalism, because we are not attempting to accumulate capital, we are liquidating capital (like Boeing subcontracting wing production to the Japanese). I call it casino economy. Kuttner's neo-feudalism thesis was interesting to me. We all have to become vassals of a successful hedge fund manager. It's awful, but it rings a little true.

Power law distributions are not inevitable. They can be stopped. But that takes political will and the institutional power to implement it. The neoliberal policies of the 20th century, however, strove to create conditions that would facilitate rather than thwart free choice, growth, and preferential attachment.

Valuable statement💛💛💛

Suuper

nice