this post was submitted on 26 Sep 2023
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‘Capitalism is dead. Now we have something much worse’: Yanis Varoufakis on extremism, Starmer, and the tyranny of big tech (www.theguardian.com)
submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world
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‘Capitalism is dead. Now we have something much worse’: Yanis Varoufakis on extremism, Starmer, and the tyranny of big tech::In his new book, the maverick Greek economist says we are witnessing an epochal shift. At his island home, he argues it’s now the ‘fiefdoms’ of tech firms that shape us

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[–] BrightCandle@lemmy.world 10 points 1 year ago

Not really, they are using public money to pass it into private hands. Its capitol but not in the way capitalism describes it because its not coming from wealth to invest in new ventures its being extracted and pocketed.