Technofeudalism: What Killed Capitalism


  • book_id: 904,
  • book_owned_medium: 📚physical,
  • book_read_medium: 📚physical,
  • book_status: read,
  • date_book_read:
  • type: RenderedItem,,
  • aggregatedRating: 😍awesome (5/5),
  • author: Yanis Varoufakis,
  • dateCreated:
  • genre: non-fiction,
  • isPartOf: Educational and Illuminating,
  • name: Technofeudalism: What Killed Capitalism,
  • review: A book that tells about the history of economics, capital, technology, the internet, and the rise of cloud - in a way that is easy to explore, understand, and think about. Whilst I have no qualifications to make statements regarding the validity of the conclusion in terms of alternative models - I acknoledge the vastly important existence of such debates and that I have learned, through this book, the proper tools with which to think about it. It is easy to state that power is concentrated in cloud, but difficult to explain how historiacally this changes things and more importantly what we need to understand about the way money works to understand the implications of a 'virtual capital'. Technofeudalism is what the concept is called where we are locked in a cloud serfdom, unable to escape, and stuck paying 'value rents' to the lords. Reading this soon after The Internet Con was a good follow-up because I could see a lot of its solutions as being necessary and pragmatic in the face of what this book explores.,
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