Technofeudalism

What Killed Capitalism

Author: Yanis Varoufakis

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Description

The #1 bestselling economist opens our eyes to the new power that is reshaping our lives and the worldNo one noticed when capitalism was ... replaced. Perhaps we were too distracted by the pandemic, or the endless financial crises, or the rise of TikTok. But under cover of them all, a new and more exploitative system has been taking hold.Insane sums of money that were supposed to re-float our economies went to big tech instead. Having privatised the internet, big tech has been able to replace capitalism's twin pillars - markets and profit - with its platforms and rents. With every click and scroll, we labour like serfs to increase its power. Welcome to technofeudalism- the new power that is reshaping our lives and the world, and the greatest current threat to social democracy.Drawing on stories from Greek Myth and pop culture, from Homer to Mad Men, world-famous economist Yanis Varoufakis explains this revolutionary transformation- how it enslaves our minds, how it rewrites the rules of global power and ultimately what it will take overthrow it.

Critic Reviews

What an amazing piece of work this is. Ground-breaking, thought-provoking and highly accessible. Everyone should read it. This is where we’re going. The dark, scary, exciting song of our age. 100 out of 100 -- IRVINE WELSH
An important new book ... that describes what is happening in terms of an epochal, once-in-a-millennium shift … in Varoufakis's telling, this isn't just new technology. This is the world grappling with an entirely new economic system and therefore political power -- Carole Cadwalladr Observer
Arresting … an ambitious thinker and a lively writer … Varoufakis is right that we are in thrall to digital platforms, who hold our data hostage and prevent us from switching to “a competing cloud fief” The Times
Varoufakis is a remarkable combination of analyst and dreamer… as always, Varoufakis makes his readers think… an important achievement Financial Times, Books of the Year
In his characteristically enthralling style, Varoufakis guides the reader through some of the most significant trends in the modern economy, showing clearly how the big tech giants have built an economy that works for them - and how everyone else can take power back -- GRACE BLAKELEY
A book for anybody who wants to understand the mess we're in - and since we're all in this mess, that makes it a book for everybody -- SLAVOJ ZIZEK
With superb storytelling, Varoufakis shows how capitalism has eaten itself alive, mutating into an entirely different and more dangerous beast, and calls on us to free ourselves from digital serfdom -- BRETT SCOTT, author of Cloudmoney
Provocative and accessible, this is sure to be a key touchstone in debates about the future of the global economy -- NICK SRNICEK, co-author of Inventing the Future
Compulsive and necessary reading -- KEN LOACH
What if capitalism died and no one noticed - not even the capitalists? Digital platforms usurped capitalism and installed something far worse. This book is an urgent demand to seize the means of computation -- CORY DOCTOROW
An incisive critique Guardian

About the Author

Yanis Varoufakis is an economist, political leader and the author of numerous bestselling books- Talking to My Daughter- A Brief History of Capitalism; Adults in the Room, a memoir of his time as finance minister of Greece; an economic history of Europe, And The Weak Suffer What They Must?; and Another Now- Dispatches from An Alternative Present. Born in Athens in 1961, he was for many years a professor of economics in Britain, Australia and the USA before he entered politics. He is co-founder of the international grassroots movement DiEM25 and a Professor of Economics at the University of Athens.