Michael and I chatted about Trump’s tariffs, emphasising the need to see them as political tools that standard neoliberal economics can never fathom. On the ongoing genocide in Gaza, we discussed Trump’s ‘final real estate solution’ envisaging a Palestine without Palestinians – the Zionist’s wet dream. Finally, I explained why DeepSeek was a major blow […]
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Yanis Varoufakis joins host Chris Hedges on this episode of The Chris Hedges Report to explain how capitalism is dead and a new form of capital, the title of his new book, “Technofeudalism,” has arisen and holds power akin to the feudal lords of medieval times.
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DeepSeek, a Chinese artificial intelligence (AI) company, this week changed the global AI landscape, not to mention caused $1 trillion losses in the New York stock exchange and the NASDAC. In the process, it demonstrated the difference between cloud capital, which drives technofeudalism onward and upward, and AI-services, which were always a bubble waiting to […]
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How does wealth manage to persuade poverty to use its political freedom to keep wealth in power? By merely posing his dazzling question in 1952, Aneurin Bevan captured liberal democracy’s greatest paradox. Today, in the era of Elon Musk, Peter Thiel, J.D. Vance and their Big Tech brethren, Bevan’s time-honoured paradox has only grown preposterously. […]
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The tech giants have overthrown capitalism. That’s the argument of former Greek finance minister Yanis Varoufakis, who became famous trying to defend debt-laden Greece from its German creditors. Varoufakis has never quite regained the notoriety of 2015. But he has remained a prominent left-wing voice. After a failed campaign for a seat in the European […]
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In this age of self-referential bubbles, of performative mutual demonisation and of siloed ideological camps that make debate impossible, it was a breath of fresh air to spot two reviews of my TECHNOFEUDALISM by conservative publications: The Washington Free Beacon and The European Conservative. Disagreeing agreeably must surely be a major improvement to unreasoned, mutually […]
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A meme is spreading: capitalism is dead. We’re toiling around in its carcass. Nothing appears as it seems in this zombie state of affairs. But why didn’t we notice? There’s confusion all over. Climate, Covid, Ukraine, Gaza. Is history accelerating, or, rather the opposite, stagnating, even regressing? In his latest book Techno Feudalism, Yanis Varoufakis states that […]
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“I never planned to be a politician. Never. Not in my wildest nightmares,” the economist and former Greek finance minister Yanis Varoufakis said the other day. He was fighting his way toward the exit at Columbia University’s Alfred Lerner Hall, where he’d just spoken at a conference on sustainable development. A man blocked his path: […]
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Does Australia really want to become entangled in a war (Cold or Hot) between the US and China motivated by the clash of the world’s two super cloud fiefs?
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In the not-too-distant past, many Marxist philosophers were weighed down by a shared despair. Capitalism, they feared, had become so totalizing, so all-consuming, that there was no longer any possibility of overthrowing it. “The philosophers have only interpreted the world, in various ways; the point is to change it,” Karl Marx famously wrote in 1845, […]
The post “It’s hard to read this book and deny its power” – WASHINGTON POST review of TECHNOFEUDALISM appeared first on Yanis Varoufakis.