In this eye-opening video, renowned economist and former Greek Finance Minister Yanis Varoufakis delves into the concept of “technofeudalism,” a term he uses to describe the current economic system where technology giants and financial elites have amassed unprecedented control over global wealth and individual freedoms.
Varoufakis argues that traditional capitalism has morphed into a new form of feudalism, where a handful of powerful entities dictate the rules, manipulate markets, and exploit data to consolidate their dominance. He exposes how these forces have created a system that benefits the few at the expense of the many, eroding democratic institutions and personal liberties.
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Drawing from his latest book, “Technofeudalism: What Killed Capitalism,” Varoufakis provides a compelling analysis of how we arrived at this point and what it means for the future of society. He challenges viewers to recognize the signs of this transformation and consider the implications for democracy, economic justice, and individual autonomy.
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