Yanis Varoufakis: Technofeudalism and the Death of Capitalism

Yanis Varoufakis is an economist, the former Finance Minister of Greece, and the author of numerous bestselling books. Yanis Varoufakis discusses his book "Technofeudalism: What Killed Capitalism". Varoufakis argues that capitalism as we knew it is dead — replaced by something more dangerous. Instead of markets and competition, our world is increasingly ruled by digital platforms that act like new-age lords, extracting rents from our clicks, data, and attention. Varoufakis traces how Big Tech dismantled the old capitalist order and built what he calls “cloud fiefdoms,” where we are less consumers and more digital serfs. Blending history, economics, and sharp storytelling, he shows how this transformation threatens democracy and concentrates power in unprecedented ways — while also pointing to how we might resist and reimagine the future.Technofeudalism: https://www.penguin.co.uk/books/451795/technofeudalism-by-varoufakis-yanis/9781529926095Follow Prof. Glenn Diesen:Substack: https://glenndiesen.substack.com/X/Twitter: https://x.com/Glenn_DiesenPatreon: https://www.patreon.com/glenndiesenSupport the channel:PayPal: https://www.paypal.com/paypalme/Diesen79Buy me a Coffee: buymeacoffee.com/gdiesengGo Fund Me: https://gofund.me/09ea012f