Why the rise of a new cloud-based ruling class is crushing democracy | Yanis Varoufakis

@yanisvaroufakis explains how techno-feudalism has marked the end of capitalism and the decay of democracy.

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Capital triumphed over democracy a long time ago. Today, following the Crash of 2008 and the rise of the platform corporations, a new type of capital has emerged. Command capital is crushing the remnants of our democracies and giving rise to a new, technofeudal, ruling class.

Economist, politician and best-selling author Yanis Varoufakis argues that a radical reassessment of property rights over machines and data is the only way for us to confront this new ruling class.

#ConfrontingTechnoFeudalism #PlatformCorporations #CommandCapital

Yanis Varoufakis is an economist and politician. He served as the Greek Minister of Finance in 2015, and has written numerous successful books, including ‘Another Now’, which explores the implications of a possible future post-capitalist society.

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