Technofeudalism : What Killed Capitalism

In a revelatory and pathbreaking work, the #1 international bestselling economist opens our eyes to the new power that is reshaping our lives and the world . . . ?he Thucydides of our time.??effrey Sachs Big tech has replaced capitalism's twin pillars?arkets and profit?ith its platforms and rents. With every click and scroll, we labor like serfs to increase its power. Welcome to technofeudalism . . . Perhaps we were too distracted by the pandemic, or the endless financial crises, or the rise of TikTok. But under cover of them all, a new and more exploitative system has been taking hold. Insane sums of money that were supposed to re-float our economies after the crash of 2008 went to big tech instead. With it they funded the construction of their private cloud fiefdoms and privatized the internet. Technofeudalism says Yanis Varoufakis, is the new power that is reshaping our lives and the world, and is the greatest current threat to the liberal individual, to our efforts to avert climate catastrophe?nd to democracy itself. It also lies behind the new geopolitical tensions, especially the New Cold War between the United States and China. 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.

Author: Yanis Varoufakis

Publisher: Melville House

Publication Date: Feb 13, 2024

Number of Pages: 305 pages

Language: English

Binding: Paperback

ISBN-10: 1685891241

ISBN-13: 9781685891244