Originally Published in Madras Courier
Editorial Note
Global tech giants, akin to feudal lords, are controlling & exploiting the world’s resources. Policymakers must pay heed to the growing dangers of techno-feudalism?
Yanis Varoufakis, the distinguished economist and former Greek finance minister, coined the term techno-feudalism. An incorrigible Marxian and a contrarian, Varoufakis had challenged the stringent austerity proposals by the troika—the European Commission, European Central Bank and IMF—for Greece’s debt default.