Late capitalism or technofeudalism? w/ Yanis Varoufakis

Yanis Varoufakis joins PTO to discuss his book, Technofeudalism: What Killed Capitalism. We discussed why Yanis believes capitalism is no longer the appropriate term to describe contemporary economic and social relations. We also talked about the financial crisis, the Covid19 pandemic, and how central bank responses to both crises served to build the power of the tech giants. Finally, we also briefly discussed the situation in Gaza and why Yanis believes reports of the decline of US global hegemony are, for the moment, exaggerated.