Yanis Varoufakis, "Technofeudalism: What Killed Capitalism" (Melville House, 2023)
New Books in Sociology
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Unveiling the Power Play of Cloud Capital
The chapter delves into the concept of cloud capital and technofeudalism, exploring how big tech companies concentrate profits through behavioral modification techniques. It also analyzes the evolving nature of capitalism with a focus on the power dynamics between traditional capitalists and cloud capital owners, touching on the global impact and financial repercussions involved. The discussion raises questions about the influence of cloud capital on economic and political spheres, particularly in the context of the US-China rivalry and potential threats to American hegemony.
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Transcript
