{"id":183677,"date":"2021-05-17T12:01:37","date_gmt":"2021-05-17T11:01:37","guid":{"rendered":"https:\/\/www.transcend.org\/tms\/?p=183677"},"modified":"2025-01-10T15:03:32","modified_gmt":"2025-01-10T15:03:32","slug":"varoufakis-from-an-economics-without-capitalism-to-markets-without-capitalism","status":"publish","type":"post","link":"https:\/\/www.transcend.org\/tms\/2021\/05\/varoufakis-from-an-economics-without-capitalism-to-markets-without-capitalism\/","title":{"rendered":"Varoufakis: From an Economics without Capitalism to Markets without Capitalism"},"content":{"rendered":"<blockquote><p><a href=\"https:\/\/www.transcend.org\/tms\/wp-content\/uploads\/2021\/04\/Diem-logo.jpg\" ><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-183679\" src=\"https:\/\/www.transcend.org\/tms\/wp-content\/uploads\/2021\/04\/Diem-logo.jpg\" alt=\"\" width=\"48\" height=\"48\" \/><\/a>A lecture organised by University of T\u00fcbingen 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.<\/p><\/blockquote>\n<p><em>Prof. Yanis Varoufakis talks about the future of our economy and the current state of economics with special regard to pluralism in economics.<\/em><\/p>\n<p>httpv:\/\/www.youtube.com\/watch?v=9aK4OztueuE<br \/>\n<strong><em>Yanis Varoufakis, a former finance minister of Greece, is leader of <\/em><\/strong><em><strong>the MeRA25 Party<\/strong>,<\/em> <em>professor of economics <\/em><em>at the University of Athens<\/em><em>, and<\/em><em> co-founder of DiEM25 (Democracy in Europe Movement). His latest book is <\/em>And the Weak Suffer What They Must? Europe\u2019s Crisis and America\u2019s Economic Future<em>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Prof. Varoufakis expounds  on the thesis that we have made an historic transition from &#8220;capitalism&#8217; to a finance-base &#8220;post-capitalism&#8221; with profound consequences. 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.<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[168],"tags":[232,562,2198,2086],"class_list":["post-183677","post","type-post","status-publish","format-standard","hentry","category-in-depth-videos","tag-capitalism","tag-finance","tag-post-capitalism","tag-yanis-varoufakis"],"_links":{"self":[{"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/posts\/183677","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/comments?post=183677"}],"version-history":[{"count":1,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/posts\/183677\/revisions"}],"predecessor-version":[{"id":284879,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/posts\/183677\/revisions\/284879"}],"wp:attachment":[{"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/media?parent=183677"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/categories?post=183677"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/tags?post=183677"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}