Yanis Varoufakis outlines the features of the new economic phase we have entered.

What do you think - does Technofeudalism accurately describe our predicamente?

Watch more of Yanis dissecting the new ruling class of Technofeudalism at https://iai.tv/video/the-new-ruling-c...

Join this exclusive interview in which Yanis Varoufakis is interviewed by the NYT's Eshe Nelson on how our current inflation crisis ties in with 2008, quantitative easing, and the end of capitalism.

To understand the rise of big tech you need to understand the actions of central banks since the financial crisis. By saving the economy, central banks have unleashed a force not seen since the medieval period and have ushered in the end of capitalism itself. Extraordinary claims require extraordinary evidence, and the NYT’s Eshe Nelson is perfectly situated to interrogate Yanis’ broad vision.

#capitalism #yanisvaroufakis #economics

Yanis Varoufakis is a bestselling author, economist, professor, and former Finance Minister of Greece. His latest book Technofeudalism charts the end of capitalism and the rise of new cloud feudal lords.
Eshe Nelson is a reporter for the New York Times based in London. Her work focuses on central bank policy and the British macroeconomy.

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00:00 Introduction
01:15 What is Technofeudalism?
07:38 Profit turns into rent
11:32 Addicting devices
15:10 Central banks' role
19:18 Inflation

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