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Yanis Varoufakis: Welcome to the age of technofeudalism

UnHerd with Freddie Sayers

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Technofeudalism: The Emergence of a New Authoritarianism

This chapter explores the concept of technofeudalism and its negative implications, drawing parallels between the current times and the shift from feudalism to capitalism in the 18th century. It discusses the replacement of certain pillars of capitalism and the rise of crony capitalism and monopolistic structures. The speaker emphasizes the need for critical thinking and challenges the idea of a free market capitalism, arguing that techno-feudalism represents the demise of the market.

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