https://newleftreview.org/issues/ii133/articles/evgeny-moroz...
> In the case of well-known figures like Varoufakis and Mazzucato, tantalizing their audiences with invocations of feudal glamour may provide a media-friendly way to recycle arguments they have made before. In Varoufakis’s case, techno-feudalism seems to be mostly about the perverse macroeconomic effects of quantitative easing. For Mazzucato, ‘digital feudalism’ refers to the unearned income generated by tech platforms. Neo-feudalism is often proposed as a way to bring conceptual clarity to the most advanced sectors of the digital economy, where the left’s brightest minds still find themselves very much in the dark. Are Google and Amazon capitalists? Are they rentiers, as Brett Christophers’s Rentier Capitalism suggests? What about Uber? Is it just an intermediary, a rent-taking platform that has inserted itself between drivers and passengers? Or is it producing and selling a transportation service? These questions are not without consequences for how we think about contemporary capitalism itself, heavily dominated by technology companies.
> The idea that feudalism is making a comeback also coheres with left critiques condemning capitalism as extractivist. If today’s capitalists are mere lazy rentiers who contribute nothing to the production process, don’t they deserve to be downgraded to the status of feudal landlords? This embrace of feudal imagery by media- and meme-friendly figures of the left intelligentsia shows no signs of ceasing. Ultimately, though, the popularity of feudal-speak is a testament to intellectual weakness, rather than media savviness. It is as if the left’s theoretical framework can no longer make sense of capitalism without mobilizing the moral language of corruption and perversion. In what follows I delve into some landmark debates on the distinguishing features that differentiate capitalism from earlier economic forms—and those that define political-economic operations in the new digital economy—in hope that a critique of techno-feudal reason may throw fresh light on the world we’re in.