Varoufakis: Capitalism is dead, long live Technofeudalism
"While privatisation and private equity asset-strip all the material wealth around us, cloud capital goes about the business of asset-stripping our brains. If each of us is to reclaim ownership of our individual minds, we need to collectively take ownership of cloud capital, instead of submitting to a few feudal overlords. It will be damn hard. But it’s the only way we can turn our cloud-based artefacts from a means of behaviour modification to a means of emancipation."I wish Varoufakis expanded on this more. Does he mean choosing alternatives like Mastodon over X FKA Twitter, or does he actually intend to say we need to collectively take ownership of giants like Amazon? I can't say I see the possibility of the latter.