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Who profits from our online lives? How is all our clicking and scrolling giving tech companies such unprecedented power and wealth? This isn’t capitalism, argues Yanis Varoufakis. It’s technofeudalism.
Maverick economist Varoufakis argues that we’re all serfs now, paying rents to the big tech “cloudalists” (or cloud capitalists). He talks about why we don’t actually own the music and movies we buy online, what Don Draper knew about behaviour modification, and how a Star Trek future could save us, and democracy.
Yanis Varoufakis is the former finance Minister of Greece. His latest book is Technofeudalism: What Killed Capitalism.
Also, Vass and Katrina talk about whether Civil War is worth a trek to the multiplex.
This is Lately. Every week, we take a deep dive into the big, defining trends in business and tech that are reshaping our every day.
Lately is a Globe and Mail podcast.
Our executive producer is Katrina Onstad.
The show is hosted by Vass Bednar and produced by Andrea Varsany.
Our sound designer is Cameron McIver.
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