Thu, February 13, 2025
[ Thu, Feb 13th ]: Politico
What DOGE is really up to: A Silicon Valley take
[ Thu, Feb 13th ]: KUOW
Drive a Tesla and have big feelings about it? KUOW wants to hear from you
[ Thu, Feb 13th ]: CNN
'People are just flipping out': Billions in feder .. frozen despite court orders to keep the taps open
[ Thu, Feb 13th ]: Reuters
Musk will face consequences for meddling in German politics, election frontrunner warns
[ Thu, Feb 13th ]: NPR
Covering the dismantling of federal agencies
[ Thu, Feb 13th ]: ABC
Tesla shares have plunged while Musk takes on Washington. Is that the reason?
[ Thu, Feb 13th ]: katv
'Waste, fraud, and abuse': National Taxpayers Union praises DOGE efforts
[ Thu, Feb 13th ]: CNN
Senate confirms RFK Jr. as Health and Human Services secretary
[ Thu, Feb 13th ]: CNN
Latest on Trump's presidency: Modi's visit, expected new tariffs and RFK Jr.'s confirmation vote
[ Thu, Feb 13th ]: CNN
In Congress, what's the difference between a budget resolution, reconciliation and spending bills?
[ Thu, Feb 13th ]: Reuters
Exclusive: JPMorgan CEO Dimon derides in-office work pushback, demands efficiency
[ Thu, Feb 13th ]: STAT
The biotech news stories you need to read today
[ Thu, Feb 13th ]: CNN
Latest on Trump's presidency: Modi's visit, new tariffs expected and RFK Jr.'s confirmation vote
[ Thu, Feb 13th ]: Forbes
5 Must-Read Books To Understand Russia And The War In Ukraine
[ Thu, Feb 13th ]: MSN
Elon Musk calls for US to 'delete entire agencies' from federal government
[ Thu, Feb 13th ]: MSN
Elon Musk's takeover of federal systems could blow cover of American spies: report
[ Thu, Feb 13th ]: MSN
What to know about the federal workforce under Trump
[ Thu, Feb 13th ]: MSN
"What happened with us, Kejriwal, could happen wi .. tish and...": Aaditya Thackeray alleges EVM fraud
[ Thu, Feb 13th ]: MSN
US Congressman says Trump's aid freeze SA is 'driven by racist information and political bias'
[ Thu, Feb 13th ]: MSN
Raila Odinga's AU Commission dream: 100 MPs in Addis Ababa, cost of flights and accommodation
[ Thu, Feb 13th ]: MSN
Behind the Curtain: Trump and Musk's masculine maximalism reshapes government
[ Thu, Feb 13th ]: MSN
Ukraine's return to pre-2014 borders and NATO membership are 'unrealistic,' Hegseth tells allies
[ Thu, Feb 13th ]: MSN
Priyanka Gandhi attacks BJP-led government, says .. er security rules changed for Adani's energy park
[ Thu, Feb 13th ]: MSN
Elon Musk calls for US government to 'delete entire agencies'
[ Thu, Feb 13th ]: MSN
Clinics to close, doctors and nurses to lose jobs as a result of Donald Trump's funding cuts
[ Thu, Feb 13th ]: MSN
Clinics to close, doctors and nurses to lose jobs as a result of Trump's funding cuts
[ Thu, Feb 13th ]: CounterPunch
High-Tech Capitalism and Neo-Feudalism
[ Thu, Feb 13th ]: CNN
Latest on Trump's presidency: Putin call on Ukraine war, federal cuts and Cabinet pick votes
[ Thu, Feb 13th ]: thenightly
Australian news and politics live: Australia prot .. fe' incident after Chinese jet targets RAAF plane
Wed, February 12, 2025
[ Wed, Feb 12th ]: redstateobserver
Kansas Governor's Veto Threatens Children's Health and Safety
[ Wed, Feb 12th ]: Slate
Mitch McConnell Could Have Stopped This
[ Wed, Feb 12th ]: AOL
Trickle-down effect of NIH funding battle worries healthcare analysts and medical experts
[ Wed, Feb 12th ]: Time
Why Trump's Takeover of the Kennedy Center Will Reverberate in Hollywood and Beyond
[ Wed, Feb 12th ]: LBC
Elon Musk and son join Donald Trump in White Hous .. president pushes to slash US government workforce
[ Wed, Feb 12th ]: Oregonian
Oregon's Senate Republican leader spreads fake examples of government waste using state resources
[ Wed, Feb 12th ]: MSN
Trump's 25% steel, aluminum tariffs add on to Canada and Mexico duties: W.House
[ Wed, Feb 12th ]: ABC
Trump and allies ramp up attacks on judges, courts as agenda hits legal roadblocks
[ Wed, Feb 12th ]: MSN
Trump holds separate phone calls with Putin and Zelenskyy on starting Ukraine negotiations
[ Wed, Feb 12th ]: MSN
Tesla Stock Down Over 20% Since Trump's Inaugurat .. etail Traders See Musk's Politics As A Major Drag
[ Wed, Feb 12th ]: MSN
New congressional task force weighs declassifying .. tein's 'client list' and other government secrets
[ Wed, Feb 12th ]: MSN
MSNBC's Lawrence O'Donnell taunts Trump over 'most powerless image of a president ever'
[ Wed, Feb 12th ]: MSN
Ukraine-Russia war live: Trump and Putin agree to .. US defence chief says pre-war borders unrealistic
[ Wed, Feb 12th ]: MSN
Donald Trump holds phone call with Vladimir Putin on starting Ukraine negotiations
[ Wed, Feb 12th ]: MSN
U.S. House Republicans suggest raising debt limit, tax cut and spending cuts
[ Wed, Feb 12th ]: MSN
Ramaphosa's SONA full of empty promises, say EFF and MK Party
[ Wed, Feb 12th ]: MSN
US Senate confirms Tulsi Gabbard as director of national intelligence
[ Wed, Feb 12th ]: MSN
Senate confirms Gabbard as Trump's director of na .. ional intelligence after Republicans fall in line
[ Wed, Feb 12th ]: MSN
JPH sends aid to Palestinian refugees in Gaza

High-Tech Capitalism and Neo-Feudalism

  Copy link into your clipboard //politics-government.news-articles.net/content/ .. 2/13/high-tech-capitalism-and-neo-feudalism.html
  Print publication without navigation Published in Politics and Government on by CounterPunch
          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
This oligarchy/plutocracy constitutes 0.1% of the American population. It owns 14% of the nation's wealth, $22 trillion in stocks, bonds and real estate, while 50% of Americans own 2.4% of the national wealth ($4 trillion).
The article "High-Tech Capitalism and Neo-Feudalism" by Michael Hudson discusses how modern capitalism, driven by high-tech industries, is morphing into a form of neo-feudalism. Hudson argues that today's economic landscape, characterized by monopolistic tech giants, financialization, and the privatization of public goods, mirrors the feudal systems of the past where wealth and power were concentrated in the hands of a few. He critiques the current economic system for creating a new class of rentiers who extract wealth through monopolies, intellectual property rights, and financial mechanisms rather than through productive labor or innovation. This shift, according to Hudson, leads to increasing inequality, where the majority are left to pay rents to these modern-day lords, essentially turning into serfs. He points out that this economic structure not only stifles competition and innovation but also undermines democracy by concentrating political power alongside economic power, thus creating a society where economic freedom is curtailed, and social mobility is severely limited.

Read the Full CounterPunch Article at:
[ https://www.counterpunch.org/2025/02/13/high-tech-capitalism-and-neo-feudalism/ ]