Technofeudalism

In his new book, which has already become a source of numerous quotes, 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's development, 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 order - technofeudalism. Now the world is ruled not by bankers and capitalists, but by digital feudal lords such as Google, Apple, and Amazon, who extract cloud rent from their vassals and exploit the unpaid labor of 'serf' internet users. The visionary and rebel from economics, Varoufakis maps out the new geopolitical tensions between the two main technofeudal countries, the USA and China, and outlines paths for the liberation of 'cloud proletarians' from digital shackles.