Summary of Yanis Varoufakis’s Technofeudalism

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In Technofeudalism (2024), Greek economist and politician Yanis Varoufakis argues that capitalism has been replaced by a new, more exploitative system. In this new era, workers are subject to intense surveillance and control by algorithms. Power and wealth are concentrated in the hands of a few Big Tech giants, leading to a technologically advanced form of feudalism. Varoufakis explains the profound implications of this system for society as a whole and outlines how we can reclaim power from this new ruling class.