Book

Technofeudalism: What Killed Capitalism

2024

Synopsis

No one noticed when capitalism was ... replaced.

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 went to big tech instead. Having privatised the internet, big tech has been able to replace capitalism's twin pillars - markets and profit - with its platforms and rents. With every click and scroll, we labour like serfs to increase its power. Welcome to technofeudalism: the new power that is reshaping our lives and the world, and the greatest current threat to social democracy.

Drawing on stories from Greek Myth and pop culture, from Homer to Mad Men, world-famous economist Yanis 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.

Suggested Reading

Burn It Down: Artificial Intelligence, the Wage Exit, and the End of the Middle Class

The AI transition is not a technology story. It is a heist. Right now, capital is exiting its dependence on human labor. Not gradually. Structurally. The Wage Exit – capital's structural departure from its dependence on human labor – is happening in boardrooms, server farms, and regulatory capture...

Adults in the Room: My Battle with the European and American Deep Establishment

What happens when you take on the establishment? In Adults in the Room, the renowned economist and former finance minister of Greece Yanis Varoufakis gives the full, blistering account of his momentous clash with the mightiest economic and political forces on earth. After being swept into power wit...

We use cookies to improve your experience on our website. By continuing to browse, you accept our Cookie Policy and Privacy Policy.