? UNDER THE LAMPLIGHT-

Technofeudalism: What Killed Capitalism by Yanis Varoufakis claims that capitalism as we know it has perished. The author, a world-renowned economist and former Greek Finance Minister (and a leftist, to boot) intends to define the rapidly changing world we live in today, starting with his claim that capitalism is over.

Varoufakis explains that every click and scroll provides for those in power: This is what he defines as technofeudalism.

HE USES GREEK MYTHOLOGY TO ILLUSTRATE HIS ARGUMENT- Pulling in his Greek roots into the equation, he elaborates on the concept using Greek mythology, and modern day realities. He argues that the global power dynamic has shifted, and discusses what it would take to change that in this completely original work.

THE TYRANNY OF TECHNOFEUDALISM. Instead of the usual market forces allowing large sums of money to re-adjust our economies in the case of financial crises and the recent pandemic, the money has ended up in the hands of big tech.

TECH IS IN CONTROL- These companies who have now become global monoliths seem to control most aspects of the economy, rather than markets and profit — the pillars we have become accustomed to. Instead, we have no option but to use what big tech provides: Their platforms, clouds, and servers, he explains in the Guardian.

Where to find the book- You can get this volume on Amazon.

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