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Podcast: Red Flag Radio
Episode: Are we living in "Technofeudalism"? A critique of Yanis Varoufakis
Description: Emma and Chloe take on Yanis Varoufakis' new book, Technofeudalism.Â
Varoufakis argues that capitalism is dead, ushering in a new mode of production he calls technofeudalism. He claims that the system we live under today is more like the feudal system which predated capitalism: the main economic activity today is the collection of rent by big tech "cloudalists". These tech giants, like Amazon and Google, are now our feudal overlords, while the rest of the capitalist class has been reduced to mere "cloud vassals". Workers are disempowered, a minority of us are "cloud proles", while the majority o...