Varoufakis argues that modern big tech companies extract value through algorithmic rents rather than through traditional production.

“with what lives inside Tik Tok what lives inside YouTube or Facebook or amazon.com for that matter it's a produced means of behavior modification not of producing anything”

Steve Bannon argues that digital platforms operate as rent seekers rather than market-driven capitalists, creating a dangerous concentration of power.

“it's really techn feudalism it's this thing of kind of a network state that you would have instead of thinking in capitalist terms of uh of markets and profits they would think as digital platforms and rent as rent Seekers”