"Within our present oligarchic, exploitative, irrational, and inhuman world system, the rise of crypto applications will only make our society more oligarchic, more exploitative, more irrational, and more inhuman."
Despite the website name, a lot of good stuff in this!
I disagree with varoufakis over techno part (although I agree with government part in profit distribution).
The only thing Facebook/google is doing is inserting itself as unremovable middle man in every transaction, algorithms are all bull shit, they make money from sales, they reduce profit for normal capitalists by being middleman, it’s same as it ever was, it’s basically commercial capital
I disagree with varoufakis over techno part (although I agree with government part in profit distribution).
The only thing Facebook/google is doing is inserting itself as unremovable middle man in every transaction, algorithms are all bull shit, they make money from sales, they reduce profit for normal capitalists by being middleman, it’s same as it ever was, it’s basically commercial capital