Janis Varafakis argues that capitalism is dead and a new economic era has begun

In his book Technofudalism, Janis Varafakis argues that capitalism is dead and a new economic era called techno-futalism has begun. He emphasizes that as an economist, he tries to address his books to the public and people close to him by writing a long letter to them. In this case, he chose to address the book to his father, who introduced him to technological change and capitalism. Varafakis explores the dialectical opposition between the benefits and dangers of technology throughout history, referencing a poem by Hesiod that represents the dilemma humanity faces when encountering technological advancements. He also discusses the impact of being a digital tourist, reflecting on his daughter's rejection of digital consumption and her preference for physical music and books. Varafakis connects his personal experiences, family history, and societal analysis to present a provocative argument about the nature of our current economic system.