Cloudalists: The New Ruling Class & how can we confront its technofeudal order – iai lecture, 10 APR 2022

Capital triumphed over democracy a long time ago. Today, following the Crash of 2008, the deployment of central bank money to refloat Big Finance, and the rise of Big Tech’s platform corporations, a new type of capital has emerged: Cloud capital (a form of command capital living in the ‘Cloud’). Cloud  Capital is crushing the remnants of our democracies and us giving rise to a new, technofeudal, ruling class – the Cloudalists. In a video lecture commissioned and organised by the IAI Academy, Yanis Varoufakis defines and discusses the new cloudalist class ruling over the emergent technofeudalism. TO WATCH THE VIDEO, CLICK HERE OR ON THE ADJACENT ICONFor a related article on this cloud-based ruling class, click here

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