Who profits from our online lives? How is all our clicking and scrolling giving tech companies such unprecedented power and wealth? This isn’t capitalism, argues Yanis Varoufakis: it’s technofeudalism. 

Maverick economist Varoufakis argues that we’re all serfs now, paying rents to the big tech "cloudalists” (cloud + capitalists). He talks about why we don’t actually own the music and movies we buy online; what Don Draper knew about behaviour modification; and how a Star Trek future could save us, and democracy. 

Yanis Varoufakis is the former finance Minister of Greece whose latest book is called Technofeudalism: What Killed Capitalism.

Also, Vass and Katrina talk about whether Civil War is worth a trek to the theatre.

This is Lately. Every week, we take a deep dive into the big, defining trends in business and tech that are reshaping our every day. 

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