Varoufakis: From an Economics without Capitalism to Markets without Capitalism
IN-DEPTH VIDEOS, 17 May 2021
A lecture organised by University of Tübingen economics students delivered on 3 Feb 2020. Mainstream economic models lack some important features of really-existing capitalism, including money, time and space. Its models offer ideological cover for a capitalist system that has usurped competitive, free markets. The result? Unbearable inequality, climate catastrophe and permanent stagnation. A fork on the road is approaching: It will take us either into deeper stagnation and environmental degradation or to a society with markets but no capitalism.
Prof. Yanis Varoufakis talks about the future of our economy and the current state of economics with special regard to pluralism in economics.
Yanis Varoufakis, a former finance minister of Greece, is leader of the MeRA25 Party, professor of economics at the University of Athens, and co-founder of DiEM25 (Democracy in Europe Movement). His latest book is And the Weak Suffer What They Must? Europe’s Crisis and America’s Economic Future.
Tags: Capitalism, Finance, Post-capitalism, Yanis Varoufakis
This article originally appeared on Transcend Media Service (TMS) on 17 May 2021.
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