The author argues that Karl Marx's theories offer crucial insights for addressing contemporary issues such as technofeudalism, social alienation, and populist backlashes. Speaking at the Marxism 2025 festival, the author advocates for collective ownership of 'cloud capital' and a transformation of corporate structures to empower workers and achieve true freedom.
In an age of failing economies and a populist backlash, I’ll tell you what we need – Marxism
Karl MarxYanis VaroufakisImmigration and asylumUKWorldPolitics
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TL;DR: Key points with love ❤️The author argues that Karl Marx's theories offer crucial insights for addressing contemporary issues such as technofeudalism, social alienation, and populist backlashes. Speaking at the Marxism 2025 festival, the author advocates for collective ownership of 'cloud capital' and a transformation of corporate structures to empower workers and achieve true freedom.
Trending- 1 Marx's youth: Read Otto Bauer's book on German Jews and citizenship.
- 2 1870: Marx sent a letter to associates in New York City regarding immigrant workers.
- 3 This week: Marxism 2025 festival in London.
- Potential for a new corporate structure based on worker ownership
- Collective ownership of 'cloud capital' to reclaim individual minds
- Overcoming social paralysis and addressing issues of immigration and identity politics from a Marxist perspective
- A deeper understanding of modern economic and social systems
What: An argument for the continued relevance of Karl Marx's ideas in understanding and solving modern societal problems, particularly 'technofeudalism' and social alienation.
When: This week (Marxism 2025 festival); Marx was 25 when he read Otto Bauer's book; 1870 (Marx's letter to New York associates); implied historical shift of capitalism into its technofeudal phase.
Where: London (Marxism 2025 festival); New York City (recipients of Marx's letter); the West (general context for minorities and immigrants).
Why: To free individuals from the dehumanizing and alienating effects of capitalism, especially in its 'technofeudal' phase, and to overcome paralysis caused by populist backlashes and algorithmic distortion of voices.
How: By applying Marx's analytical framework to understand 'cloud capital' as a new form of exploitation that 'asset-strips our brains'; by advocating for collective ownership of cloud capital; by organizing immigrant workers rather than scapegoating them; and by transforming corporate structures to a 'one-employee-one-share-one vote' model.