Jacobin Radio
Behind the News: Technofeudalism? w/ Yanis Varoufakis
Apr 20, 2024
Yanis Varoufakis discusses technofeudalism, banned in Germany for supporting Palestine. Germany's alignment with Zionism, exploring the evolution of capitalism, shift to cloud capital dominance, rise of Amazon, and parallels between Elon Musk and Thomas Edison in capitalism evolution.
53:01
Episode guests
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Capitalism has shifted to techno-feudalism with cloud capital extracting global GDP as cloud rents.
- US-China tensions revolve around technological advancements, with China's alternative payment systems challenging the dollar's centrality.
Deep dives
The Emergence of Techno-Feudalism
The podcast delves into the concept of techno-feudalism, positing that capitalism has transitioned into something worse. Janus Varafakis, the guest, argues that cloud capital has supplanted traditional capitalism by shifting markets to digital platforms where profits essentially become cloud rents. This shift represents a significant departure from the standard capitalist dynamic, characterized by the accumulation of surplus value through ownership of produced means of production.
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
