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Book Hack
Technofeudalism: What Killed CapitalismBy Yanis Varoufakis

In a Nutshell

Greek economist and politician Yanis Varoufakis explains how 'Big Tech' has changed the economic system.

Favorite Quote

The true revolution cloud capital has inflicted on humanity is the conversion of billions of us into willing cloud serfs volunteering to labor for nothing to reproduce cloud capital for the benefit of its owners.

Yanis Varoufakis

Introduction

Over the last few decades, the internet has revolutionized almost every aspect of our lives — from how we travel and shop to how we learn and communicate.

While the original idea of the internet might have been the democratization of knowledge, present circumstances show that a few influential tech companies have gained unprecedented access to our private information.

Yanis Varoufakis is a Greek economist and politician known for serving as Greece's Minister of Finance in 2015.

In his 2023 book Technofeudalism, Varoufakis explains how so-called Big Tech companies have upended our economic and political system.

Here are the 3 key insights from this Hack

  1. 1.
    Information technology has transformed capitalism
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  3. 3.
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