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I’m sorry, but you do not have enough coins for democracy | 032c

When Trump 2.0 began, he invited some of the world’s most powerful technocrats into his court of jesters. Many didn’t last long but the foundations were set: the US government would try to run the country like a startup, blockchain coins included. Technofeudalism is a term that’s been used to describe the current administration, but what does it mean? Our dossier from the Summer 2025 issue looks at the prehistory of technofeudalism, how the US has changed the operating system, and why the tech bros find inspiration for domination in the medieval.

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