
Yanis Varoufakis - The Rise of Technofeudalism
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The United States' Economic Dominance Post-World War II and Current Global Challenges
This chapter explores the United States' historical economic supremacy after World War II, the collapse of the Bretton Woods system, the rise of technofeudalism, and the country's current hegemony driven by its monopoly on international payments. It also analyzes the threat posed by alternative payment systems like China's digital currency, the impact of the Cold War on trade relations, and the need for collective action to challenge big tech corporations. The discussion delves into the digitization of the world, competition between American and Chinese tech giants, government spending, challenges from Chinese competition, and historical examples of power dynamics influenced by economic strategies.
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