The murder of capitalism

Overview

Capitalism has not only been broken, but also replaced by something much worse, according to economist and former finance minister in Greece, Yanis Varoufakis. He has been studying the developments of the market for years and argues that capitalism is on its last legs and has been overtaken by something new. In his book Technofeudalism: What capitalism killed, he calls the new system technofeodalism. A traditional capitalist gave 85 percent of the profits to the employees. At a company like Meta, employees only get one percent.