Platform companies like Amazon and Facebook are not alternative markets but new technological systems where everything bought and sold is controlled by one algorithm and one owner, creating a techno-feudal system unlike capitalism

causalpending

Speaker

Yanis Varoufakis

Evidence Quote

you enter amazon you exit the marketplace you exit capitals you enter a realm where everything that is being bought and sold is controlled by one algorithm [8:50]

Source

Can we Fix Capitalism? Yanis Varoufakis vs Gillian TettIntelligence Squared
Created: 8/12/2026, 10:33:04 PM

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