A new form of capital is ascending: cloud capital—networked algorithmic machines that grant their owners remarkable powers to modify our behaviour. And just as financiers needed neoliberalism, today’s tech lords need a new ideology to legitimise their rule. I call it techlordism.
We can already see how this will work out. They get you trapped in their walled garden kingdom.
If you get banned from their services and you can’t access your files, make payments, login to your phone or computer, start your car, etcetcetc.
Remember when we denounced China for setting that up 15 years ago?