Member Reviews
This book was hard for me to get into at first, but I am glad I read it. I really appreciated the way Varoufakis writes and explains concepts. I find myself agreeing with most of what he proposed as the theory of cloud capital and insular, online “fiefdoms”. A great, if a little hard, read. 4.25/5
This book is engaging and provocative, and while I cannot say I fully agree, the style is engaging enough to keep even skeptical readers involved until the end.
A truly thought provoking theory proposal of the potential of the economy having entered post-capitalism beginning circa 2008.
Veroufakis has masterfully made easily approachable, and accessible while not sacrificing detail or nuance. An engaging mix of historical example and personal anecdotes has left me thinking about elements that I have encountered without exactly the vocabulary to express accurately.
Anyone can take something away no matter their political and economic values.
In a clear an easy to read way (I can hear his voice as I read!), Varoufakis suggests that capitalism has been defeated by cloud capital and the rise of online fiefdoms that act in a different way to traditional markets. Lots of pop culture references (Mad Men , Star Trek etc) and Greek mythology throughout. Well referenced and explained.
It isn't often that a new theory of the economy comes along and really sticks.
I'd heard the term, "late stage capitalism" and it was hard to decipher whether or not that was really what we were dealing with.
We also see our government officials, leaders, and businesses having little ability to cope with the world we are dealing with after the disruptions to COVID have started to recede.
So Varoufakis's idea of a new fuedal age built on the power that Big Tech companies have created for themselves makes total sense and has stuck with me.
Capital means less.
Power means more.
Value means less.
Taxes are the winners.
This is a book that will change the way you think about the economy and the state of the world we live in.