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NEOLIBERALISM IS DEAD. SAY HELLO TO TECHLORDISM - Yanis Varoufakis
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NEOLIBERALISM IS DEAD. SAY HELLO TO TECHLORDISM - Yanis Varoufakis
After 1971, neoliberalism was an ideology essential in legitimising the emancipation of financial capital from the regulatory shackles of the New Deal and the post-war Bretton Woods system. Today, a new form of capital is on the ascendancy and needs its own ideology to be fully liberated: cloud capital. Cloud capital has created a new system that is no longer predicated on markets or profit. I have called it Technofeudalism – a new mode of produ…
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