I’ve not yet read Yanis Varoufakis’ new book, “Technofeudalism — What Killed Capitalism”:
However I’ve listened to an interview with him about it on Kevin Gosztola’s podcast, Unauthorized Disclosure:
Yanis argues that “Big Tech has replaced capitalism’s twin pillars—markets and profit—with its platforms and [cloud] rents. With every click and scroll, we labor like serfs to increase its power.”
Later in the show, Yanis outlines the impact this economic transformation has had or may have on geopolitics. He discusses China, the only country with cloud capital capable of rivaling the United States, and what the rivalry between China and the U.S. may mean for the Global South.
It’s worth a listen, especially given that most tech co-ops are currently dependant on the services of the corporate capitalist clouds.