Technofeudalism

What Killed Capitalism

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Yanis Varoufakis: Technofeudalism (2023, Random House Children's Books)

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. …

Langue : English

Publié 4 août 2023 par Random House Children's Books.

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ISBN :
978-1-84792-727-9
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Critiques

Late-stage capitalism has given way to cloud-based fiefs

Late-stage capitalism has given way to cloud-based fiefs, and we are the serfs. I need convincing on some of the detail (e.g. how effective are they at manipulating our desires?), but mostly agree with his main argument. Pairs well with Cory Doctorow's #enshittification ideas (@pluralistic@mamot.fr).