Tag: economic satire

Technofeudalism: It’s a Wrap

Posted in anarchism, economics, equality, fiction, identity, intelligence, morality, perception, philosophy, podcast, politics, power, psychology, societyTagged , , , , , , , , , , , , , , , , , , , , Leave a comment

By the time we reach Chapter Seven of Technofeudalism: What Kills Capitalism, Yanis Varoufakis drops the ledger sheets and spreadsheets and starts sketching utopia in crayon. Entitled Escape from Technofeudalism, it proposes—brace yourself—a workplace democracy. It’s aspirational, yes. Compelling? Not particularly. Especially if, like me, you’ve long since stopped believing that democracy is anything more than a feel-good placebo for structural impotence.

Audio: NotebookLM podcast discussing this topic.

To be clear: the preceding chapters, particularly the first six, are sharp, incisive, and frankly, blistering in their indictment of today’s economic disfiguration. But Chapter Seven? It’s less an escape plan, more a group therapy session masquerading as an operational model.

So let’s take his proposal for Democratised Companies apart, one charming layer at a time.

“Imagine a corporation in which every employee has a single share that they receive when hired
”

Splendid. One person, one vote. Adorable.

“All decisions – hiring, promotion, research, product development, pricing, strategy – are taken collectively
”

Because there’s nothing more efficient than a hiring committee comprised of thirty engineers, two janitors, a receptionist, and Steve from Accounts, whose main contribution is passive-aggressive sighing.

“
with each employee exercising their vote via the company’s intranet
”

Marvellous. We’ve now digitised the tyranny of the majority and can timestamp every idiotic decision for posterity.

“Equal ownership does not, however, mean equal pay.”

A relief. Until it doesn’t.

“Pay is determined by a democratic process that divides the company’s post-tax revenues into four slices
”

Here, dear reader, is where the cake collapses. Why, precisely, should a randomly-assembled group of employees—with wildly varying financial literacy—be entrusted to divide post-tax revenue like it’s a birthday cake at a toddler’s party?

And how often are these slices recalibrated? Each fiscal year? Every time someone is hired or fired? Do we amend votes quarterly or wait until the economic ship has already struck an iceberg?

Varoufakis does suggest preference voting to tackle allocation disputes:

“Any proposal to increase one slice must be accompanied by a proposal to reduce expenditure on one or more of the other slices
”

Fine. In theory, algorithmic voting procedures sound neat. But it presumes voters are rational, informed, and cooperative. If you’ve ever seen a corporate Slack thread devolve into emoji warfare, you’ll know that this is fiction on par with unicorns and meritocracy.

“The basic pay slice is then divided equally among all staff – from persons recently employed as secretaries or cleaners to the firm’s star designers or engineers.”

Ah yes, the ‘equality’ bit. Equal pay, unequal contribution. This isn’t egalitarianism—it’s enforced mediocrity. It might work in a monastery. Less so in a competitive tech firm where innovation requires both vision and differentiated incentive.

Now, on to bonuses, which are democratically determined by:

“…employees each given one hundred digital tokens to distribute among their colleagues
”

Welcome to Black Mirror: Workplace Edition. This is less economics, more playground politics. Who gets tokens? The charismatic chatterbox in the break room? The person who shared their lunch? The ghost employee who never shows up but emails back promptly?

And how, pray tell, does one evaluate the receptionist’s contribution relative to the lead engineer’s or the janitor’s? This isn’t peer review—it’s populism with a smiley face.

We’ve all seen “Teacher of the Year” competitions turn into contests of who had the cutest class poster or best cupcakes. Now imagine your livelihood depending on it.

In summary, democracy in the workplace may sound noble, but in practice, it’s the bureaucratic equivalent of herding caffeinated cats. It doesn’t even work in small groups, let alone an organisation of hundreds. Democracy—when applied to every function of an enterprise—is not liberation; it’s dilution. It’s design-by-committee, strategy-by-consensus, and ultimately, excellence-by-accident.

Escape from Technofeudalism? Perhaps. But not by replacing corporate lords with intranet polls and digital tokens. That’s not an exit strategy—it’s a cosplay of collectivism.

Bullshit Jobs

Posted in language, modernism, philosophy, politics, psychology, societyTagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , 1 Comment

I’ve recently decided to take a sabbatical from what passes for economic literature these days — out of a sense of self-preservation, mainly — but before I hermetically sealed myself away, I made a quick detour through Jorge Luis Borges’ The Library of Babel (PDF). Naturally, I emerged none the wiser, blinking like some poor subterranean creature dragged into the daylight, only to tumble headlong into David Graeber’s Bullshit Jobs.

This particular tome had been languishing in my inventory since its release, exuding a faint but persistent odour of deferred obligation. Now, about a third of the way in, I can report that Graeber’s thesis — that the modern world is awash with soul-annihilatingly pointless work — does resonate. I find myself nodding along like one of those cheap plastic dashboard dogs. Yet, for all its righteous fury, it’s more filler than killer. Directionally correct? Probably. Substantively airtight? Not quite. It’s a bit like admiring a tent that’s pitched reasonably straight but has conspicuous holes large enough to drive a fleet of Uber Eats cyclists through.

An amusing aside: the Spanish edition is titled Trabajos de mierda (“shitty jobs”), a phrase Graeber spends an entire excruciating section of the book explaining is not the same thing. Meanwhile, the French, in their traditional Gallic shrug, simply kept the English title. (One suspects they couldn’t be arsed.)

Chapter One attempts to explain the delicate taxonomy: bullshit jobs are fundamentally unnecessary — spawned by some black magic of bureaucracy, ego, and capitalist entropy — whilst shit jobs are grim, thankless necessities that someone must do, but no one wishes to acknowledge. Tragically, some wretches get the worst of both worlds, occupying jobs that are both shit and bullshit — a sort of vocational purgatory for the damned.

Then, in Chapter Two, Graeber gleefully dissects bullshit jobs into five grotesque varieties:

  1. Flunkies, whose role is to make someone else feel important.
  2. Goons, who exist solely to fight other goons.
  3. Duct Tapers, who heroically patch problems that ought not to exist in the first place.
  4. Box Tickers, who generate paperwork to satisfy some Kafkaesque demand that nobody actually reads.
  5. Taskmasters, who either invent unnecessary work for others or spend their days supervising people who don’t need supervision.

Naturally, real-world roles often straddle several categories. Lucky them: multi-classed in the RPG of Existential Futility.

Graeber’s parade of professional despair is, admittedly, darkly entertaining. One senses he had a great deal of fun cataloguing these grotesques — like a medieval monk illustrating demons in the margins of a holy text — even as the entire edifice wobbles under the weight of its own repetition. Yes, David, we get it: the modern economy is a Potemkin village of invented necessity. Carry on.

If the first chapters are anything to go by, the rest of the book promises more righteous indignation, more anecdotes from anonymous sad-sacks labouring in existential oubliettes, and — if one is lucky — perhaps a glimmer of prescription hidden somewhere amidst the diagnosis. Though, I’m not holding my breath. This feels less like an intervention and more like a well-articulated primal scream.

Still, even in its baggier moments, Bullshit Jobs offers the grim pleasure of recognition. If you’ve ever sat through a meeting where the PowerPoint had more intellectual integrity than the speaker or spent days crafting reports destined for the corporate oubliette marked “For Review” (translation: Never to Be Seen Again), you will feel seen — in a distinctly accusatory, you-signed-up-for-this sort of way.

In short: it’s good to read Graeber if only to have one’s vague sense of societal derangement vindicated in print. Like having a charmingly irate friend in the pub lean over their pint and mutter, “It’s not just you. It’s the whole bloody system.”

I’m not sure I’ll stick with this title either. I think I’ve caught the brunt of the message, and it feels like a diversion. I’ve also got Yanis Varoufakis’ Technofeudalism: What Killed Capitalism on the shelf. Perhaps I’ll spin this one up instead.