Technofeudalism

We think we still live under capitalism. Yanis Varoufakis — the economist, former Greek finance minister, and bestselling author of Talking to My Daughter About the Economy — argues we're wrong. Capitalism has been quietly replaced by something new and potentially worse: technofeudalism.

In this bold, urgent book, Varoufakis shows how platforms like Amazon, Google, and Facebook have become digital fiefdoms — not markets. Their owners are not capitalists in the traditional sense but feudal lords extracting rent from everyone who must use their platforms to work, sell, or simply exist online. The result? A new serfdom, dressed up as innovation.

Written as a letter to his late father, Technofeudalism is at once personal and political — a passionate, accessible argument about where power really lies in the 21st century.

Yanis Varoufakis is an economist, political leader and the author of numerous bestselling books: Talking to My Daughter: A Brief History of Capitalism; Adults in the Room, a memoir of his time as finance minister of Greece; an economic history of Europe, And The Weak Suffer What They Must?; and Another Now: Dispatches from An Alternative Present. Born in Athens in 1961, he was for many years a professor of economics in Britain, Australia and the USA before he entered politics. He is co-founder of the international grassroots movement DiEM25 and a Professor of Economics at the University of Athens.