Capitalism is dead. Welcome to technofeudalism. In his boldest and most far-reaching book, the visionary economist and number-one bestselling author Yanis Varoufakis shows how the owners of big tech became the world's feudal overlords –replacing capitalism with a fundamentally new system that enslaves our minds, defies democracy and rewrite the rules of global power. But as Varoufakis also reveals, technofeudalism contains new opportunities to thwart and overturn it, bringing into focus more clearly than ever the revolution we need to escape our digital prison. • From Publisher Description
There will be some tech-lords in their high castles. Some guilds with highly-skilled engineers that support the tech-lords, but still highly-dependent on them to maintain their relative benefits. And then and endless mass of very-low skilled, disposable neo-peasants.
AI needs regulation not to avoid Skynet from happening (although we should keep an eye for that too), but because this societal regression is imminent.
[1] https://www.goodreads.com/book/show/75560037-techno-feudalis...