HomeArticleYanis Varoufakis: We are living in a post-capitalist dystopia

Yanis Varoufakis: We are living in a post-capitalist dystopia

From the push to turn more of the workforce into precarious “gig workers” to the ways profit-seeking digital platforms condition how we act and think while extracting free data from us, we can see and feel everyday the creeping evidence that we are living in a new reality. As world-renowned Greek economist, author, and politician Yanis Varoufakis argues, “This is how capitalism ends: not with a revolutionary bang, but with an evolutionary whimper. Just as it displaced feudalism gradually, surreptitiously, until one day the bulk of human relations were market-based and feudalism was swept away, so capitalism today is being toppled by a new economic mode: techno-feudalism.”

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