Yanis Varoufakis on Technofeudalism

Phil happened upon a book to Australian economist Joshua Gans (and Andrew Leigh) called Innovation & Inequality – how to create a future that is more Star Trek than Terminator. He discusses some of the concepts with Steve, including whether companies responsible for the creative ...  Show more

Andy Burnham is now the British Prime Minister but, Phil asks, aside from convening cabinet meetings in the north, will he do anything different to his predecessor. No, he will follow the same neoclassical economics approach as all Prime Ministers, with an obsession for balancing ...  Show more

This week on the Penguin Podcast, Nihal Arthanayake is joined by the former Finance Minister of Greece and co-founder of the international grassroots movement DM25 as well as a Professor of economics at the University of Athens, Yanis Varoufakis. His latest book, Tech ...

Technofeudalism—you might already have some sense of what the term means, even if you haven't sat down and unpacked it fully. A mode of production with one hand in the past and another the future—an updated form of feudal relations married to an advanced epoch of the productiv ...

Today we talk about the concept of Technofeudalism as described by Yanis Varoufakis. We talk about the comparisons of our world to the feudal system, the origins in the economic policy of 2008, and a few potential paths forward centered around important questions to be revisiting ...  Show more

Capitalism has changed. A century ago, capitalists amassed untold wealth by building and manufacturing goods, but today, our economy appears to be dominated by massive tech corporations that don't actually produce anything at all. Instead, these tech giants offer platforms—suc ...