
Yanis Varoufakis - The Rise of Technofeudalism
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Rise of Techno-Feudalism Post-2008 Crisis
This chapter explores the emergence of techno-feudalism, attributing it to the government responses to the 2008 financial crisis. It discusses how central banks' interventions inadvertently benefit tech and big corporation CEOs, leading to extreme inequality and a shift towards investing in immaterial goods and services. The conversation contrasts historical monopolist capitalists with modern tech giants, reflecting on the evolution from manufacturing physical goods to creating simulations of reality.
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