Technofeudalism

What Killed Capitalism

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. …

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.

Drawing on stories from Greek Myth and pop culture, from Homer to Mad Men , Varoufakis explains this revolutionary how it enslaves our minds, how it rewrites the rules of global power and ultimately what it will take overthrow it.

4 editions

English language

Published Aug. 4, 2023 by Random House Children's Books.

ISBN:: 978-1-84792-727-9
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Reviews

Barbarius reviewed Techno-Feudalism by Yanis Varoufakis

Heavy, but very interesting

4.0 stars

This was a fascinating read. Essentially Varoufakis argues that capitalism is actually over, and that we are now in an era where rent derived from "digital fiefs" is dominant (e.g.: Amazon doesn't produce goods or acquire capital in the tratitional sense, but because no seller can survive without selling on Amazon, it operates like a fief extracting rent from the vassals (sellers) who have no option but to use their site). It's pretty heavy economic theory, but he frames it as a conversation with his late father, and does a good job at simplifying and explaining what he talks about.

Very interesting, and very convincing.