Philosophize This!

Episode #206 ... Capitalism is dead. This is Technofeudalism. (Yanis Varoufakis)

Jul 21, 2024

37:28

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Economist Yanis Varoufakis discusses Technofeudalism, comparing today's world to feudal systems influenced by the 2008 economic policy. Topics include central bank interventions, shifts towards rental fees, challenges to living standards, rise of extreme ideologies, and possible solutions like restructuring society and addressing big tech control.

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Quick takeaways

Technofeudalism emerges from tech companies' control over production means, reshaping the economy.

Addressing data control and behavior manipulation by tech companies crucial in combating Technofeudalism.

Deep dives

The Transition from Capitalism to Techno-Feudalism

Many philosophers are discussing the shift from capitalism to techno-feudalism as a key analysis of modern problems. Janus Verifakis argues that capitalism is dead and we are now in a new age of techno-feudalism. This shift in power structures is highlighted by the control of the means of production by tech companies, transforming the economic landscape.

Algorithmic Control and Economic Exploitation on Amazon

01:24

Tech Industry and Central Bank Money

01:18

Challenge the Tyranny of Free Services

01:23

Intro

17min

Analyzing Capitalism, Central Banks, and Investor Behaviors

2min

Exploring the Impact of Techno-Feudalism on the Economy and Living Standards

4min

Analysis of education failures, rise of extreme ideologies, and the symbiotic relationship between populist and establishment candidates

2min

Challenges and Solutions in Techno-Feudalism

12min

Today we talk about the concept of Technofeudalism as described by Yanis Varoufakis. We talk about the comparisons of our world to the feudal system, the origins in the economic policy of 2008, and a few potential paths forward centered around important questions to be revisiting. Hope you enjoy it! :)

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