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20min chapter
Yanis Varoufakis on What Comes After Capitalism
The Good Fight
The Rise of Cloud Capital and Techno-Feudalism
This chapter examines the transformation of capitalism into a new socioeconomic model characterized by 'cloud capital' following the 2008 crisis. It explores how this digital form of capital enables significant profit extraction through platforms like the Apple Store, effectively reshaping economic dynamics and leading towards a techno-feudal society. The discussion highlights the historical context of economic distinctions between profit and rent, delving into the implications of modern technologies and their impact on market structures.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode