Episode description

Capitalism has changed. A century ago, capitalists amassed untold wealth by building and manufacturing goods, but today, our economy appears to be dominated by massive tech corporations that don't actually produce anything at all. Instead, these tech giants offer platforms—such as search engines, AI, or marketplaces—through which they extract profits from users. Adam speaks with Yanis Varoufakis, former finance minister of Greece, about his book Technofeudalism: What Killed Capitalism, exploring how this new form of capitalism jeopardizes our livelihoods and what measures we can take to safeguard our future from big tech. Find Yanis's book at at factuallypod.com/books

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