23min chapter

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Downstream: Europe Is Over w/ Yanis Varoufakis

Novara Media

CHAPTER

Cloud Capital and Techno-Feudalism: Shaping the Global Economy

This chapter explores the concept of cloud capital and techno-feudalism as a mutation of capitalism, allowing tech giants to extract massive rents and surpluses. It delves into the geopolitical tensions between the United States and China, triggered by the rise of big tech and its fusion with finance. The chapter also discusses the history of financial crises and the consequences of excessive financialization.

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