Episode 1598 • • 1:24:00 - 1:26:40
1598: Guardrails
Yanis Varoufakis and the Concept of Techno-Feudalism
Former Greek Finance Minister Yanis Varoufakis has resurfaced with a new book titled "Techno-Feudalism." Varoufakis argues that traditional capitalism has been replaced by a system where "cloud capitalists" like Jeff Bezos and Elon Musk extract rent from society through digital platforms. He posits that owning the "cloud" is the modern equivalent of owning land in the original feudal era.