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Tech Feudalism with Yanis Varoufakis

The David McWilliams Podcast

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Is This Capitalism?

The left doesn't like that, the realization that we are useless. But if this is what we are experiencing now is not capitalism, why is it not socialism? What are you saying? That capitalism will overthrow itself without our help? Yes, that's what I'm saying. The main driving force is not profit but central bank money. When you visit Amazon.com or any such site, you exit the market. It's a thiefdom, a thief. Right? Now, that is nearer to feudalism to a new platform which bypasses the market and does something quite remarkable. You know, the bizarre thing is, we got it. Always.

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