GoKawiilEconomists trace rise of 'technofeudalism' concept describing Big Tech's platform control
The concept of technofeudalism describes a system in which major technology firms such as Google, Amazon, Facebook and Apple control digital platforms, data and online markets in ways likened to feudal lords controlling land. The term has roots in both information security writing by Bruce Schneier in the early 2010s and economic theory from Marina Gorbis, Kostakis and Bauwens, later popularized by economist Yanis Varoufakis.