The idea that we are entering an era of techno-feudalism that will be worse than capitalism is chilling and controversial. We asked former Greek finance minister Yanis Varoufakis to elucidate this idea, explain how we got here, and map out some alternatives.
I think the distinction being made, if you read the article, is the effects of digital siloing reducing purchase choice. I.E. if you are bought in to the Metaverse, you can’t just transfer the value (capital) of your digital properties to other VR services.
This is a currently pressing issue for content creators that cannot move their userbase and assets to different platforms, being ‘stuck’ on whatever platform they initially chose.
Like a serf bound to their lord’s land, hence the name.
But what the fuck do I know, right?