In a conversation that intertwined economic philosophy, technological development, and the social consequences of the digital revolution, participants engaged in a deep reflection on how technology is reshaping the foundations of modern capitalism. According to Varoufakis, classical capitalism—based on competition and production—is being replaced by a new system he calls “techno-feudalism,” in which digital platforms function as “new fiefdoms,” while major technology companies act as “modern feudal lords,” collecting “cloud rent” without producing goods themselves.
“The translation of this book was a difficult journey, but also a necessary one in order to understand how the economy is undergoing a transformation that affects every aspect of our lives,” said Redi Muçi, emphasizing the importance of critically engaging with Varoufakis’ work to grasp the relationship between economic power, technology, and the individual.
Geron Kamberi, co-organizer of Bytes & Books, noted that the choice of this title was far from random: “At a time when we talk about artificial intelligence and the dominance of algorithms, Techno-Feudalism comes as a reading that forces us to think about our real freedom in the digital world. The book is an invitation to debate and to raise awareness about the economy we are building every day.”
Meanwhile, Albert Gjoka, co-founder of the club, stressed that discussions of this format are becoming increasingly important for understanding the challenges technology brings to human and social relationships: “Varoufakis does not offer us an apocalyptic vision, but a wise warning about the future. He reminds us that in order to be free, we must understand the mechanisms that limit us, even when they come wrapped in technology.”
Last night’s discussion concluded another successful chapter of Bytes & Books, an initiative that brings together a love for books with reflection on technology and society. And perhaps, as Varoufakis himself might say, the true understanding of the future that awaits us does not lie in the machines, but in how we choose to use them.
See you at the next Bytes & Books meeting!
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