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Capitalism is dead: long live Technofeudalism

We have all been turned into cloud-serfs

I once heard an elderly Friedrich von Hayek begin a tirade against socialist planning with a charming personal tale. “The other day,” he said playfully, “I went into a shop. I left with an item that, previously, I had no idea I wanted!” Like all the smartest defenders of capitalism, he thought of the market as a benevolent creator whose job no human-made system could replicate. Hayek’s point here was that we, ourselves, do not know what we want until we enter the market. So how could a government official, or indeed anyone, know what society wants.

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