Capitalism is dying, but not in the way you might think.

That’s the argument of academic economist and former Greek finance minister Yanis Varoufakis, who proposes capitalism has mutated into a far more sinister, feudal system on the back of sophisticated algorithms and big tech.

On this episode of Follow the Money, recorded live at the State Library of NSW, Varoufakis speaks with the Australia Institute’s Ebony Bennett and Stephen Long about his proposition and his new book, Technofeudalism.

This episode was recorded on Tuesday 12 March.

australiainstitute.org.au // @theausinstitute

Guest: Yanis Varoufakis, Secretary-General of Democracy in Europe Movement 2025 and former Greek Finance Minister // @yanisvaroufakis

Host: Stephen Long, Senior Fellow and Contributing Editor, the Australia Institute // @StephenLongAus

Host: Ebony Bennett, Deputy Director, the Australia Institute // @ebony_bennett

Producer: Jennifer Macey // @jennifermacey

Additional editing: Emily Perkins

Theme Music: Pulse and Thrum; additional music by Blue Dot Sessions