I don't know if I'd agree that capitalism has been completely replaced, but I do think he makes some great points. When a couple companies are able to control the marketplace itself, even the government itself, we've probably entered a new stage. Hell if the metaverse takes off facebook will literally be able to control what we see.

I don't know what this means for communists, but maybe more agitation will the employees of these companies. The workers are the only ones with real leverage over them