The Future
Who knows what the future will bring?
Utopia
Often Leftist writers speak about the utopia that will be the post-capitalist world. But will it necessarily be so?
The Present
Some say capitalism has already ended or morphed into something distinctly different.
Techno-feudalism
A reversion to the pre-capitalist order but with the new capabilities of modern technology.
The key features are:
- The charging of rents, not the extraction of profit
- Extensive hierarchies of useless retainers, i.e. executives, managers, consultants as like “lords, vassals, and retainers”. (Bullshit Jobs by David Graeber, p. 191)