Unauthorized Disclosure

We Are All Cloud Serfs Now: Yanis Varoufakis On The Rise of 'Technofeudalism'

03.04.2024 - By Kevin GosztolaPlay

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On this week's "Unauthorized Disclosure," Kevin Gosztola interviews Greek economist and author Yanis Varoufakis about his new book, "Technofeudalism: What Killed Capitalism."

Yanis argues that "Big Tech has replaced capitalism's twin pillars—markets and profit—with its platforms and [cloud] rents. With every click and scroll, we labor like serfs to increase its power."

Later in the show, Yanis outlines the impact this economic transformation has had or may have on geopolitics. He discusses China, the only country with cloud capital capable of rivaling the United States, and what the rivalry between China and the U.S. may mean for the Global South.

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