The #1 bestselling economist shows how capitalism has been replaced by a more exploitative system, technofeudalism, in which the owners of big tech have become the world's feudal overlords.
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In his boldest and most far-reaching book yet, world-famous economist Yanis Varoufakis argues that capitalism is dead and a new economic era has begun.
Insane sums of money that were supposed to re-float our economies in the wake of the financial crisis and the pandemic have ended up supercharging big tech's hold over every aspect of the economy. Capitalism's twin pillars - markets and profit - have been replaced with big tech's platforms and rents. Meanwhile, with every click and scroll, we labour like serfs to increase its power. Welcome to technofeudalism.
Drawing on stories from Greek Myth and pop culture, from Homer to Mad Men, Varoufakis explains this revolutionary transformation: how it enslaves our minds, how it rewrites the rules of global power and ultimately what it will take overthrow it.
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I’m not sure if it got brought up on the old Reddit forum, but I’m one of those lunatics who was writing about our gradual slouching off into a new feudalism before it was hip or whatever (I don’t really write for the web anymore, thankfully). Just thought this could foster conversation if anyone’s interested in discussing it. Thoughts?
Link goes to a book on the topic that’s not out yet.
