this post was submitted on 26 Sep 2023
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‘Capitalism is dead. Now we have something much worse’: Yanis Varoufakis on extremism, Starmer, and the tyranny of big tech::In his new book, the maverick Greek economist says we are witnessing an epochal shift. At his island home, he argues it’s now the ‘fiefdoms’ of tech firms that shape us

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[–] [email protected] 41 points 2 years ago* (last edited 2 years ago) (5 children)

That's just capitalism. But I guess when you benefit so greatly from the system, you can't risk rocking the boat by talking about it openly. So you have to invent scary new names to smokescreen the root of the matter. "Technofeudalism", "Neo feudalism", "corporatism", "crony capitalism" etc, is such crap. It's still just capitalism.

Ignoring the ridiculous manner in which the article is written, look at the clownish arguments being made.

He charges rent. Which isn’t capitalism, it’s feudalism.

I know you have an island home dickhead, but the rest of us have been paying plenty of rent under capitalism.

[–] [email protected] 24 points 2 years ago (4 children)

Greece has 6000 islands.

His lives in a house on one the 227 inhabited ones.

He pays his rent writing books and giving talks against capitalism., sharing what he learned in his time as Greek finance minister, when the EU and Germany were crushing Greece with debt and forcing neoliberal policies on them the detriment of its citizens and for the benefit of the banks.

What are your plans for today ?

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[–] [email protected] 12 points 2 years ago

Capitalism has a definition. He’s saying that the markers that define Capitalism (as opposed to Mercentilism, Feudalism, etc.) are no longer there.

Specifically he’s saying that you can now no longer be on the top rung by privately owning the means of production, which is probably the biggest hallmark of Capitalism.

[–] [email protected] 9 points 2 years ago

When you consider the definition of fascism is (as defined by the comintern) "the open terrorist dictatorship of the most reactionary, most chauvinistic and most imperialist elements of finance capital.", it's hard not to feel we are sliding into an insidious, new and distinct, technological form of it.

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[–] [email protected] 25 points 2 years ago

The article really doesn't engage much with what YV actually wrote; she says that she disagrees with him sometimes or that other people disagree, but with very little substance.

Like others have already commented, she's also excessively obsessed with describing his house and wife. I can't believe The Observer paid for her to fly out there to write such drivel.

[–] [email protected] 24 points 2 years ago

Whatever they call it, it's shit for humans to live in.

[–] [email protected] 16 points 2 years ago

"Capitalism is dead. Now we have something much worse"

Capitalism 2.

[–] [email protected] 8 points 2 years ago* (last edited 2 years ago) (1 children)

He's spoken on the topic elsewhere, at least a few interviews (on youtube). That'll be better than this slop - edit: the Guardian was co-opted by the UK securlty state after cops raided them soon they did their reporting on Edword Snowdon.

[–] [email protected] 3 points 2 years ago

It died when socialism became a corporate only condition. Now its corporate capitalism with government socialism.

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