In Technofeudalism: What Killed Capitalism, Varoufakis challenges the assumption that AI is ushering in a more advanced form of capitalism. In The Technological Republic, Karp criticises Silicon Valley for its deliberate distancing from the state and its fixation on consumer‑facing innovation. He invokes the Manhattan Project and the Internet as examples of how state-technology partnerships once shaped the global order by heralding the atomic age and global digital connectivity. But Delhi’s long‑standing reliance on state tech monopolies and its reluctance to allow private capital a central role in technological development meant that it steadily lost ground. Story continues below this adC Raja Mohan is a contributing editor on international affairs for The Indian Express.

Source: Indian Express February 15, 2026 06:29 UTC