Yanis Varoufakis on Techno-Feudalism (pre-read)

According to Yanis Varoufakis, technofeudalism is a term that describes the current state of the global economy, where traditional capitalism is being supplanted by a new system dominated by a few tech giants. In this new system, power is concentrated in the hands of a few tech monopolies that control vast digital platforms.

Please read in advance chapter 7 ("Escape from Technofeudalism") for the discussion. A PDF of the book Technofeudalism: What Killed Capitalism (2024) can be found here.