Monday 25 September 2023

Yanis Varoufakis's new book

"Imagine the following scene straight out of the science fiction storybook. You are beamed into a town full of people going about their business, trading in gadgets, clothes, shoes, books, songs, games and movies. At first everything looks normal. Until you begin to notice something odd. It turns out all the shops, indeed every building, belongs to a chap called Jeff. What’s more, everyone walks down different streets, and sees different stores because everything is intermediated by his algorithm… an algorithm that dances to Jeff’s tune.”
Varoufakis says that Jeff Bezos, the owner of Amazon, doesn’t produce capital but charges rent, which isn’t capitalism but feudalism. Here he is interviewed by one of my least favourite writers Carol Cadwalladr, who owed a lot of money after lying about Aaron Banks and who repeats the CIA or MI6 line on Assange.

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