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Varoufakis's "Techno-Feudalism": Tech Giants as New Feudal Lords
Yanis Varoufakis's 2023 book, "Techno-feudalism," argues that large tech companies like Amazon and Google have replaced capitalism with a system where they extract rent from users' data, akin to feudal lords, a concept further developed by French economist Cédric Durand.
Varoufakis's "Techno-Feudalism": Tech Giants as New Feudal Lords
Yanis Varoufakis's 2023 book, "Techno-feudalism," argues that large tech companies like Amazon and Google have replaced capitalism with a system where they extract rent from users' data, akin to feudal lords, a concept further developed by French economist Cédric Durand.
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