[Long] Technofeudalism

#Tech

The monopoly of Big Tech firms

Updated: 2024.11.26

4 min read · Basic

[Long] Technofeudalism

[긴 지문] 테크노 봉건주의

Articles

Google’s search business was deemed a monopoly. Now its ad business is on trial ‘Capitalism is dead. Now we have something much worse’: Yanis Varoufakis on extremism, Starmer, and the tyranny of big tech

Videos

Capitalism is over and ‘social democracy is finished’ | Yanis Varoufakis Federal judge rules against Google in massive antitrust lawsuit

Discussion Questions

In your own words, please briefly summarize the article.

여러분의 언어로 교재를 간단히 요약해 주세요.

What part of the reading resonated with you most?

이번 교재에서 가장 공감하는 내용은 무엇인가요?

What are your thoughts on the concept of "technofeudalism" as described by economist Yanis Varoufakis? Do you find his perspective convincing?

경제학자 야니스 바루파키스가 설명한 '테크노 봉건주의'라는 개념에 대해 어떻게 생각하시나요? 그의 관점이 설득력이 있다고 생각하시나요?

Do you think Big Tech monopolies provide genuine convenience to consumers, or are they primarily about controlling consumer choice?

빅테크 독점이 소비자에게 진정한 편의를 제공한다고 생각하시나요, 아니면 주로 소비자의 선택을 통제하기 위한 것이라고 생각하시나요?

Some argue that regulating companies interferes with market freedom. Do you agree? Is regulation in the tech industry necessary, in your opinion?

일부는 기업 규제가 시장의 자유를 방해한다고 주장합니다. 이에 동의하시나요? 기술 산업에 대한 규제가 필요하다고 생각하시나요?

What do you think are the potential benefits and drawbacks of government intervention in the tech industry?

기술 산업에 대한 정부 개입의 잠재적 이점과 단점은 무엇이라고 생각하시나요?

How might the recent changes in U.S. political leadership influence ongoing antitrust cases against Big Tech companies?

최근 미국 정치 지도부의 변화가 빅테크 기업을 상대로 진행 중인 반독점 소송에 어떤 영향을 미칠 수 있다고 생각하시나요?

If you have a question or questions that you'd like to discuss during your class, please write them down.

궁금한 점이 있거나 수업 중에 얘기해 보고 싶은 질문이 있으면 적어주세요.

Expressions

antitrust

relating to laws that prevent monopolistic practices and promote competition

Example

The government implemented antitrust regulations to prevent large corporations from controlling the market.

Example

The company faced antitrust charges due to its aggressive acquisition strategy.

allegedly

used to convey that something is claimed to be the case without proof

Example

The CEO was allegedly involved in the insider trading scandal.

Example

The suspect allegedly stole valuable artwork from the museum.

intermediary

a person or organization that acts as a link between parties to mediate or facilitate an agreement

Example

An intermediary was brought in to help negotiate the deal between the two companies.

Example

The bank acted as an intermediary in the financial transaction.

indispensable

absolutely necessary; essential

Example

Technology has become an indispensable part of modern life.

Example

Her leadership was indispensable to the success of the project.

consolidate

to combine, strengthen, or unify multiple elements into one

Example

The company plans to consolidate its operations to improve efficiency.

Example

He worked hard to consolidate his position within the organization.

*This material is designed for the exclusive use of Ringle students on the Ringle platform.

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