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Technofeudalism: What Killed Capitalism

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Technofeudalism: What Killed Capitalism
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In his new book, which has already been widely quoted, former Greek Minister of Economy, consultant on virtual goods in Valve games, publicist and theorist Yanis Varoufakis passes judgment on the current global economic relations. Analyzing the history of capitalism, the economic crises of the 20th-21st centuries, as well as the main political and social upheavals of recent decades, Varoufakis shows how the invention of the Internet and digital technologies led to the formation of a new system - technofeudalism. Now the world is ruled not by bankers and capitalists, but by digital feudal lords such as Google, Apple, Amazon, who collect cloud rent from their vassals and use the unpaid labor of "serf" Internet users. A visionary and rebel from the economy, Varoufakis draws a map of new geopolitical tensions between the two main technofeudal countries - the USA and China - and outlines ways to liberate the "cloud proletarians" from digital shackles.
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