The Death of Capitalism and the Rise of Technofeudalism: Yanis Varoufakis on Cloud Capital and the New Ruling Class

In this thought-provoking episode, we dive into Yanis Varoufakis's groundbreaking argument from Technofeudalism: What Killed Capitalism, where he declares that capitalism, as we once knew it, is dead. Varoufakis introduces the concept of "technofeudalism," a new economic order dominated by "cloud capital" and controlled by a digital elite he calls the "cloudalists." Through a blend of personal anecdotes, historical analysis, and pop culture references, Varoufakis traces the transformation from profit-driven capitalism to a rent-seeking system fueled by the privatization of the internet and the fallout of the 2008 financial crisis. Join us as we explore his compelling critique of this seismic shift and his vision for a more democratic and socially responsible economic future. Is technofeudalism our reality, and if so, what can we do about it? Tune in to find out