Tuesday, November 14, 2023

Technofeudalism

 by Yanis Varoufakis

A book examining the rise of the big tech companies. The argument is that the rise of cloud capital has brought about the death of capitalism as we know it and that power now lies with a few cloudalists for whom most of us work for free.
YV loves to come up with new terms-indeed, one chapter of this book is devoted to explaining why the term used in the title is important- and we have many in this book including cloud proles and cloud serfs.

I found the argument difficult to follow at times but this is a very thought provoking book that will leave me wondering about the way this will move. The most sobering part of the book was his chapter looking at China and the USA and the new cold war. The most disappointing was the last chapter which paints a utopia that we are unlikely to ever reach and left to many questions unanswered 6/10

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