World’s most brilliant Economist summarizes fm Feudalism to Cloud Capital

Campers,

It’s frustrating that I’m just starting to understand things like the nature of economic systems historically at the end of my life.

Should I have paid attention earlier and forgone the sex, drugs and R&R ??

Of course not !!

Are you crazy ?

Naw, I have the memories …

So, here’s Yanis Varoufakis explaining why Bezos and Zuckerberg are the modern day equivalent of Feudal Lords …

https://www.youtube.com/watch?v=pYsz1Kpr9hc

Now, explain what ‘rent’ means.

Yanis uses Amazon which he says is nothing but a huge algorithm continually updating your profile to sell you something produced by someone else.

He notes that 99.9% of the time when Amazon suggests a book that he just goes ahead and buys it and is never disappointed because Amazon’s algorithm has so nailed-down his preferences that it always scores.

His fear of AI combined with the current algorithms is that the Feudal Lord/Cloud Capitalist will have even greater insights into your personality which they’ve gleaned from your Data Trail that their pitch will become irresistable.

Does that make sense ?

Hey, I’m working on it.

I feel like I’m out of graduate school and into pure research.

And, most importantly …

Paying attention …

But, still having fun.

lol

And, for you sports insiders …

Doesn’t Lombardi bringing hsi betrothed into his act kinda remind you of the Gary Radnith thing only in reverse ?

h.