Yanis Varoufakis traces how Big Tech dismantled the old capitalist order and built what he calls “cloud fiefdoms,” where we are less consumers and more digital serfs.
Varoufakis argues that capitalism as we knew it is dead — replaced by something more dangerous. Instead of markets and competition, our world is increasingly ruled by digital platforms that act like new-age lords, extracting rents from our clicks, data, and attention.