Technofeudalism

In his new book, already widely quoted, former Greek Minister of Economy, consultant on virtual goods in games for Valve, publicist, and theorist Yanis Varoufakis delivers a verdict on the existing global economic relations. Analyzing the history of capitalism development, economic crises of the 20th-21st centuries, as well as major political and social upheavals of recent decades, Varoufakis shows how the invention of the internet and digital technologies has led to the formation of a new order - 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 exploit the unpaid labor of 'serf' internet users. A visionary and rebel from the economy, Varoufakis paints a map of new geopolitical tensions between the two main technofeudal countries, the USA and China, and outlines ways to free 'cloud proletarians' from digital shackles.