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A review by brenticus
Technofeudalism: What Killed Capitalism by Yanis Varoufakis
challenging
informative
reflective
fast-paced
4.0
By and large I think Varoufakis does a really good job of highlighting how the "cloudalist" class emerging in the modern economy differs from the traditional capitalist mold enough to warrant a new name. The way he explains the roles of consumers, workers, and traditional capital clearly lays out how it's different from how the economy is "supposed" to work, and the nature of online marketplaces and cloud expenditures as fiefs and rents is put better than I've ever seen before.
Sometimes his terminology gets a little muddled, sometimes his understanding of technology is a bit mixed, and sometimes his vision of how to escape this mess seems a bit optimistic or misguided. But these are all small footnotes on a brilliant explanation of why things are so different now compared to 20, 50, even 100 years ago.
Sometimes his terminology gets a little muddled, sometimes his understanding of technology is a bit mixed, and sometimes his vision of how to escape this mess seems a bit optimistic or misguided. But these are all small footnotes on a brilliant explanation of why things are so different now compared to 20, 50, even 100 years ago.