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Are We Transitioning From Capitalism to Silicon Serfdom?
The idea that we are entering an era of techno-feudalism that will be worse than capitalism is chilling and controversial. We asked former Greek finance minister Yanis Varoufakis to elucidate this idea, explain how we got here, and map out some alternatives.
Jacobin ’s David Moscrop recently talked to economist and former Greek finance minister Yanis Varoufakis about his latest book Technofeudalism: What Killed Capitalism. It features a new Bretton Woods system inspired by John Maynard Keynes’s original proposal — rejected by Harry Dexter White and the Roosevelt administration — merged with a participatory democratic socialist framework. Now, the reason why you don’t have this system in the United States and why you are very far away from a digital dollar is because if anybody in the Fed dares move in that direction, they will be murdered by Wall Street — they’ll experience political and character assassination.
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