Closing Keynote
summary
Argues that platforms are a new algorithmic capital as behavioral machinery that trains users, extracts rents (example: tailored Amazon listings redirect purchases and captures ~40% of margin), and creates cloud fiefdoms outside markets; warns stablecoins like Tether as private dollar-backed treasuries turn blockchain into a geopolitical tool (claims Japan was urged to buy ~$600bn) and risks a Treasury-run bank run; proposes public alternatives such as ECB-backed digital wallets on blockchain to democratize money creation.
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chapters (20)
- 0:00Introduction
- 1:06Techno-feudalism claim
- 3:15Feudalism to capitalism and tech
- 5:21Algorithmic cloud capital rise
- 8:47Cloud capital replaces markets
- 10:34Tech reveals social relations
- 12:02Stablecoins threaten finance
- 16:15Opening the floor for questions and discussion
- 17:19Europe’s euro flaws
- 19:47Trump’s dollar strategy
- 22:35Debate on techno-feudalism
- 28:13Stablecoins and dollar risks
- 36:28Money, value, blockchain
- 41:02Political power for tech
- 44:31Left-wing libertarian views
- 51:32Cloud capital vs blockchain
- 54:42Left strategies vs speculative capital
- 57:10Monetary commons and blockchain
- 1:02:42Digital currency experiments
- 1:06:16Final thoughts
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