Yanis Vourofakis thinks we end up with technofeudalism. Profits are abolished and rent seeking becomes the dominant force of wealth accumulation on the economy.
idk how much I agree with his book, but it was neat I guess
Yanis Varoufakis just put a new label on monopoly capitalism. Marx wrote about it already. The end stage of capitalism is monopolies everywhere who charge monopoly rents, because rents are the easiest form of profit. No investment, just money.
Yanis Vourofakis thinks we end up with technofeudalism. Profits are abolished and rent seeking becomes the dominant force of wealth accumulation on the economy.
idk how much I agree with his book, but it was neat I guess
Yanis Varoufakis just put a new label on monopoly capitalism. Marx wrote about it already. The end stage of capitalism is monopolies everywhere who charge monopoly rents, because rents are the easiest form of profit. No investment, just money.