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Our Neofeudal, Neocolonial World
by Charles Hugh Smith Of Two Minds
Once the chasm widens a bit more, the “efficient market” cover story bridge collapses into the abyss.
In the conventional view, Neofeudalism and Neocolonialism are mad fantasies: the world is an efficient market of buyers and sellers guided by the invisible hand of self-interest, overseen by a fair referee, the State.
This is of course exactly what those benefiting from Neofeudalism and Neocolonialism would say: since I’m doing great, everyone’s doing great.
The view from inside Neofeudal, Neocolonial monopolies is more realistic. Inside the Big Tech monopolies, the leaders quite rightly compare their digital empire to that of the East India Company, which ruled most of India as a private corporation so powerful that it was in many way its own State, even as the duties on its massive commerce funded the British state and expanded the British Empire by other means.
Two books offer insight into corporate colonialism and by extension, into corporate neocolonialism: