Technofeudalism—you might already have some sense of what the term means, even if you haven’t sat down and unpacked it fully. A mode of production with one hand in the past and another the future—an updated form of feudal relations married to an advanced epoch of the productive forces that mark late capitalism—forces that we often associate with futuristic feats of technology. Except this is not some kind of techno-utopia—it’s really a dystopia.

Is capitalism over? Have we entered into a new mode of production defined by feudal relations and the technological forces of the algorithm? Did capitalism die, before our very eyes, in 2008? These are all questions that we tackle in today’s episode with a very special guest who’s written a book about all of this.

Yanis Varoufakis is a self-described anti-economist and author of many books. He was a member of Syriza and was Greece's Minister of Finance between January 2015 and July 2015, negotiating on behalf of the Greek government during the 2009-2018 Greek government-debt crisis. Since 2018, he has been Secretary-General of Democracy in Europe Movement 2025 (DiEM25) which is a left-wing pan-European political party he co-founded in 2016. His latest book is Technofeudalism: What Killed Capitalism, which we’ll be discussing in today’s episode.

Further Resources

Technofeudalism: What Killed Capitalism, Yanis Varoufakis
Another Now: Dispatches from an Alternative Present, Yanis Varoufakis
Democracy in Europe Movement 2025 (DiEM25)
"How to Be an Anticapitalist in the Twenty-First Century" by Erik Olin Wright
Progressive International
Make Amazon Pay

Related Episodes:

Cover art: B. Mure Intermission music: "No State Solution" by Zombie Giuliani

Upstream is a labor of love—we couldn't keep this project going without the generosity of our listeners and fans. Subscribe to our Patreon at patreon.com/upstreampodcast or please consider chipping in a one-time or recurring donation at www.upstreampodcast.org/support

If your organization wants to sponsor one of our upcoming documentaries, we have a number of sponsorship packages available. Find out more at upstreampodcast.org/sponsorship

For more from Upstream, visit www.upstreampodcast.org and follow us on Twitter, Instagram, Facebook, and Bluesky. You can also subscribe to us on Apple Podcasts, Spotify, or wherever you listen to your favorite podcasts.