The promise of the 'new economy' gone, we have regressed into the age of techno-feudalism

The rise of the IT industry in the nineties promised a new era of freedom and prosperity. It didn't deliver. Today, algorithms are everywhere, but digital monopolies push us towards the feudal logic of rent, dispossession, and personal domination. How Silicon Valley Unleashed Techno-feudalism tears apart the Silicon Valley consensus to reveal the new economic order, in which capital has abandoned production to focus on predation.

"The publication of this book by the French economist Cédric Durand represents the most sustained attempt so far at a serious consideration of the economic logics involved." - New Left Review

"The technofeudalist model involves establishing a monopoly position and using sophisticated data extraction to secure it... Durand invokes the world of Jean-Luc Godard's 1965 dystopian sci-fi film Alphaville, in which a dictatorial sentient computer rules society down to the most personal decisions." - New York Magazine