A prominent economist offers a compelling diagnosis of the current state of society.

In his new, widely cited book, former Greek Economy Minister, virtual goods consultant for Valve games, writer, and theorist Yanis Varoufakis delivers an indictment of established global economic relations. Analyzing the history of capitalism, the economic crises of the 20th and 21st centuries, and the major political and social upheavals of recent decades, Varoufakis shows how the invention of the internet and digital technologies led to the emergence of a new order—technofeudalism. The world is now ruled not by bankers and capitalists, but by digital lords like Google, Apple, and Amazon, who extract cloud rent from their vassals and exploit the unpaid labor of internet users. Visionary and economic iconoclast Varoufakis maps the new geopolitical tensions between the two leading techno-feudal powers, the US and China, and outlines ways to liberate the "cloud proletarians" from their digital shackles.