Term of the Moment
database
Definition: digital feudalism
The notion that people in developed countries such as the U.S. have become "serfs" in a feudal culture that pays homage to digital overlords such as Google, Amazon and Meta. Also called "technofeudalism," many people feel digital feudalism has become today's capitalism. We happily hand over our data and try whatever is recommended because we love the convenience of having the world at our fingertips and products on our doorstep the next day.
Centuries Before High Tech
Centuries ago, feudalism flourished on different continents in different ways, but it usually involved a hierarchy of nobility granting land and favors to peasants who worked to serve their masters. See Big Five.
We Are "Cloud Serfs"
Centuries Before High Tech
Centuries ago, feudalism flourished on different continents in different ways, but it usually involved a hierarchy of nobility granting land and favors to peasants who worked to serve their masters. See Big Five.
A former Greek finance minister, Yanis Varoufakis says the traditional capitalist market is gone, and we have become serfs to our digital overlords.