Capitalism as we know it is over, so what comes next? | My Wildest Prediction with Varoufakis
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- Опубліковано 26 кві 2024
- It’s the most wonderful time of the year for retailers. With Christmas around the corner, shopping soars: groceries and drinks for dinners, toys, electronics for gifts, and clothes for events. It seems wild not to believe that capitalism is in perfect health... However, former Greek Minister of Economics Yanis Varoufakis not only believes it's in decline but thinks it's already dead. Who killed it? Well, according to him, Amazon and Alibaba, among others...
www.euronews.com/business/202...
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Euronews should choose their interviewers more carefully.. he is not qualified to make an interview with Varoufakis..
Very bad host !!
I just made a similar comment before reading yours ... what a laughing idiot ...
Only Yanis interview I didn’t finish.
he really isn't ! he's usually provoking people on LinkedIn
also needed to talk more into the microphone
The interviewer lacks the intellectual depth to discuss ideas and issues with Mr. Varoufakis.
That is your opinion. However, a study done with (RATS) shows how (in order to coexist), the big rat (Allows) the little one to have his say...
Off course. If not, he was the interviewed.
Bro said „Varouflakis“ twice 😭
I agree
Once a topic is disrupted, misdirected by any interviewer it loses its essence. It won't taste good to mix coffee and soda.😮
Yanis is fascinating to listen to. Especially when he's not being interrupted by someone who needs to know when to listen and not to try and compete
Right?😆
Especially when he’s trying to compete in an arena he knows dramatically less about. Half the time his questions were effectively just declarations he didn’t understand the points being made.
he is faked an european puppet !At time 2008,he did not accused mrGeithner from G.Sachs to have destroyed the greek economy
He is still stuck on capitalism, hence the individualistic competitive nature 😂
Varouvakis is a Communist Marxists
Apart from everything else, what a great listener Varoufakis is. He always answers the question, unlike virtually every other person who runs for public office. That capacity to establish an intelligent conversation through close listening and replying is one sign of a genuinely democratic individual.
Yanis is a very patient man!
snoopy doo
A very-very-very-very-very patient one.
For the first part of the interview varoufakis does not let the interviewer ask questions nor speak
And readers of dross infinitely more so.
Yes... Patient, very patient to entertain a Marxist who advocates for a system which has been tried over a hundred times, yet if he was in charge (which he has been very close to being 'in charge') he would succeed because he's better than everyone else. He makes it clear that other people's opinions are invalid via his crude ability to make personal insults against his host.
Ironically the algorithm sent me here and now I want to read his book. Fantastic interview.
kkkkkk, perfect.
Same here, found this interview from a random Instagram reel and now I want to buy his book from Amazon lol
When the interviewer made Yanis explain the meaning of "cloud" I knew it was over.
Mate, as a third generation Aussie Greek, I have come to fully admire Yanis Varoufakis. What a smart mate, and he gives me cultural bragging rights. His views on the processes at play with current global economics is laser sharp and provides astounding enlightenment. His particular views on Technofeudalism is out of this world. Leaders of all countries need to study his work before they end up in a cesspool of economic, no return. The Leaders of countries have a responsibility for providing a minimum of a middle class life-style for ALL their citizens.
It won't happen in the US because the Govt is owned by them already and the military complex, big pharma. The nation is drug fuelled (brave new world), honestly the US needs a revolution because every president is just a puppet, yes Greece is the birthplace of western independent thought and philosophy ❤
That was a promise to the middle class during the cold war. Not to you and me. We are being enslaved with the help of technology in the name of security. They made people choose pleasure over peace to trap like a mouse.
As Yaris said, this interview was trying to be hyper intelligent and come across as a total idiot. He interrupted him, talked over him. He was dreadful as an interviewer.
Boorish
And in doing so he demonstrates the hapless naive buffoonery that makes us unconscious victims and co-conspirators in this ‘Techno-Feudalism.’
Solipsism and narcisism... ??
How can they be so unaware, this is a widespread issue in most podcasts.
Plaaeeeze! Yaris is a A-hole. Insufferable. In fact, I can’t tolerate listening to his voice any longer. What a prick.
The interviewer knows who pays his salary so he has to talk over subjects his handlers don’t approve of. Yanis is clearly not bought off by anyone. His ideas and philosophies are brilliant and completely controversial! Love the guy.
As a tech person, Mr. Yaris has very good knowledge about the subject. Amazing.
I mean he worked for steam 😂
Agreed, from the same sector
He's worked at Valve for a few years.
Excellent interview, and Yanis Varoufakis proved himself to be far above the interviewer's league. Ironically the UA-cam algorithm brought me here, so it's not entirely evil!
My one Philosophy professor once said that a good question gives birth to the best answer. Yanis takes this a step further: he turns out excellent answers from even the weaker questions, to put it kindly. In essence he is opening our eyes to develop a much more critical view of the new trading system that is framing the economic landscape of the world. Nonetheless we still need to eat, work, live, develop, etc.
Very good observations from Varoufakis. As a game developer I am very well familiar with these techno feudal lords who are producing nothing but taking 30% of every transaction.
develop your own game engine or use open source one. problem is solved
@@yldrmcs Maybe sometime in the future there will be a movement towards open source in the sense of requiring that everything be open source. How? I don't know. But it seems like it could be a way out of what Yanis is talking about.
@@spacecase8888 yes this is likely. Besides, I use AI to generate codes, it's not perfect but it's doing most of the heavy-lifting for me. I think software will be very cheap in a sense that AI will do everything for you, then it'll be totally up to your imagination and ideas making the difference.
@@yldrmcs Just curious, do your employers know that AI is writing a lot of your code? Has this just become the industry norm?
@@yldrmcs It is not about the game-engines. Those actually provide productive value similar to how carpenters buy tools - and there is still competition in that market. The issue is the apple store/ android stores. For devs they might aswel be monopolies because you are forced to use them.
I love the fact that the producer mutes Tom’s mic whenever Yanis is speaking and making his points. I wish life was like that more often.
Don't worry, it soon will be. If your comments move into territories more contentious than the conversational equivalent of photographs of cute kittens, you will automatically be shut off 🙂
They hired the engineer that muted Yoko Ono during the performance of John Lennon and Chuck Berry
Go to Italy, have a conversation, and you will be cured for life.
@@koraamis5568OH MY GOSH!!! This is RIDICULOUSLY funny.
Genuinely made me chuckle.
Thank you for being a pop culture comedian. Beautiful reference. Lol 😂
Didn’t even notice cuz I’m reading the subtitles 😭
Oh, dear! The interviewer is such a reflection of the prevailing culture in the UK today, woefully under-educated and under-prepared. The brilliant Varoufakis, so patient.
The interviewer lost it... The logic, the manners, and ALSO the microphone connection. Of course be wasn't aware of all those things...
What a joke! 🤣
I enjoyed this interview immensely. Tom, the interviewer, reminds me of every rose tinted, feudal system apologist out there. The kind of person you frustratingly debate with but lack the expertise or gravitas to convince or even shut down. Yanis was as sharp as ever in this interview.
An unfortunate moment in which the interviewer himself, lacked the intellectual capability to hold a relatively easily comprehensive discussion.
😂 the interviewer iost yannis is a hero
It worked out well cause I suspect it prompted Yanis to explain it well enough for me
Yes, he was firm, but pleasant in his corrections. And since the interviewer probably has a following, and assuming that his followers think like him, these issues can explained in a way that is understandable to them. If, instead, we continue having conversations among people that think the same way, we will get nowhere interesting.
Here is the action plan: take responsibility for your own life first...set yourself up so that you are not reliant on the government or large corporations. Next, build a local community of support.
And that's exactly why I almost never buy on Amazon. At a personal level, making conscious purchases that truly meet your needs and add value to your life can avoid many problems. For me, adopting a minimalist lifestyle has not only been a pushback against excessive consumerism but has also brought a sense of clarity and purpose.
Only that your chose behaviour is very inconvenient, and forces you to research shops on- and off-line, compare offers and prizes that are not always based on the same standards.
I strive to shop outside of Amazon, and preferably, altogether off-line, just to support local shops, keep the money within local economies instead of a percentage from the sale going to the one at the top of the pyramid.
Sometimes I need something of which I don't even know its name. If I have access to a local shop I can at least describe it to some whizz kid or stroll through a department store until I see a visual representation of what I need.
On-line platforms can't offer this service (yet). Also, on-line platforms make money leave a local circulation, so a local economy, ultimately the people that inhabit it, poorer. If I buy a tool from a Chinese seller on Amazon, I know this tool will have been produced in China. But the shop sits either in China, too, or in a European or Caribbean tax haven, cutting out the local shop owner who may employ some local staff, as well as cutting out the beneficiary of the taxes I pay, I.e. my government, which uses this tax towards public infrastructure, schools, universities (where ideas are generated for future income or benefit), hospitals and all else that makes a society work, including pay for people who work in these environments.
If my taxes levied at the point of sale go to a tax haven, then neither my environment nor my government benefits but fills only the pockets of an economy elsewhere, or the owner of this platform that connects the trader and me. My money has left my market and will never return. Everyone around me will thus be poorer.
Hence, shop outside of Amazon or off-line. But it takes a huge amount of effort and time, and personal interest instead of convenience.
Yanis "If one person owns their algorithm that controls billions of people, then we have something worse than 1984. We are shifting towards a Brave New World, opening up access to algorithms. In 1984, the problem was surveillance, but in Brave New World, the issue is that we become happy little slaves who love our slavery. This highlights the dangers of a single entity controlling a powerful algorithm with widespread influence, creating a society where people are unaware of their subjugation."
The irony is that he is a lefty, and these algorithms he is so afraid of are controlled by his fellow lefty's billionaires. Do you think his buddy's are willing to give up their power?
Some masters treated their slaves well, some lords treated their serfs well, some employers treat their employees well - doesn’t mean slavery, feudalism, or capitalism aren’t exploitative.
Corey Doctorow's Enshittification fits nicely into Yanis's argument. It explains how these platforms start operating at a deficit to grow their market share, starting out great for users, then great for sellers (by exploiting users), then they exploit both to claw back increasing amounts of value for themselves. At that point, either enough people leave for the platform to die, or the platform is already too big to leave and you have a successful cloud fiefdom.
@@randoomain7485 never had this perspective, thx for sharing
@@randoomain7485 Great and helpful observation - thanks!
How about Communism? I guess they treated their workers well?
some wife's kerp their husband's
"that takes an incredible degree of naivity to be optimistic about the future" Varoifakis -- indeed it is! we are in a very dangerous moment in the world, horror times and risks for the future.
To quote Derrick Jensen, “The challenge is to give up on hope, without falling into cynicism. When hope dies, action begins. Hope makes us wish & wait for an external rescuer who will not arrive, but giving up on that, forces us to rely on our own personal agency.
Hope is another word for religious belief
I really like what you sayd here for a very personal experience i had recently, my mind feels more quiet now
Indeed, I respect Mr. Varoufakis's patience... Amazing.
I respect just the Pinguin.
This is an excellent example of one person "schooling" another person. It was embarrassing.
Tech bro's should really stop pretending to understand political-economy... They truly are embarrassing.
yes, very embarrassing to let such an uneducated moderator challenge such a smart mind
You dont have to be so rude.
@@billyhoyle92, Fools must be made to look like fools. They must be humiliated into shutting the Fk up! Stemming the flow of bad rhetoric.
omg... HE should be quite and let Yanis speak !!!
Everything is getting worse , who actually think its getting better ?
Anything I care about is under attack
*The prediction of a 32% business failure rate in 2024 suggests a challenging landscape ahead. Factors contributing to this potential "business apocalypse" should be carefully analyzed, including economic trends, industry shifts, and the impact of global events. Adaptability and strategic planning will be crucial for companies navigating these uncertain times.*
*Knowledgeable Investors know where and how to put money during a crisis in order to reduce risk and maximize returns. See a market strategist with experience if you are unable to manage these market conditions*
I agree, having the right plan is invaluable, my portfolio is well-matched for every season of the market and recently hit 100% rise fromm early last year. I and my CFP are working on a 7 figure ballpark goal, tho this could take till Q1 next year
@@Karen.s989*That's fascinating. How can I contact your Asset-coach as my portfolio is dwindling?*
@@antoniete387-*There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’mrs ava Kimberly” for about five years now, and her performance has been consistently impressive. She’s quite known in her field,*
Yeah honestly I have also experience her great work, she's really exceptional in her services.
The guy on the left is an example of today's internet know-it-alls. He's learned a lot about some litle thing, presumably technology, therefore he feels he can join in any conversation, no matter the field of specialization that his guests bring with them, after a lifetime of their own work and education. This is buffoonery. It's also exhibit A of Dunning-Kruger-ism.
they are the most useful idiots for main stream/mass media news. it's the modern version of "3 of 4 doctors smoke Camels"
I should've read the comments, i kust posted the same thing 😁
Why are you so mad about someone doing questions? Isnt that the point of an interview?
I'm not familiar with the host. In general terms, however, I'm assuming that this young individual works for Euronews so they must have some journalism background. Even just one module at uni. Good journalists are supposed to read the book of the author they invited in depth before the interview (possibly the entire work). This interview mirrors the shameless shallowness of contemporary journalism.
well, I would have said he went to a very flash university, did really well and that has helped him in his career and after hours he spends his time smooching Boris Johnson et al
Firstly, I was surprised to see this interview happening. In this very restricted world, even democracy is limited.
I have read the book, a fascinating piece of art.
My problem is that Euronews let this TOM, a complete lunatic, moderate the interview and gave the impression to the audience that the interview should not be taken seriously. However, Mr. Yanis didn't let his arguments to pass without disapproval.
:D perfect! :D :D :D :D
Even didn't get the name right.
As ignorant as uneducated
Professor Varufakis
"Euronews is funded in whole or in part by the European Union." Public money, the story is always the same..
I grew up believing that technology would lead to shorter working hours for most people that would free up personal time for creative endeavors of many kinds. I personally had a working life chained to conveyor belts and to make-work endeavors on the part of ignorant managers. I retired early foregoing increased pay for actual freedom in my daily activities. Given the progress being made in AI and other technologies, workers should be prepared to enjoy the benefits of being their own boss on every level. Given that the average American IQ is 80 I am not hopeful in the least about much of anything. I see a future in planting trees and eliminating manicured lawns. I love Yanis!
The average American IQ is 80?!?!🤣 😂 well that explains alot
I just love Yanis’s perspective on society and our economic inequality. . Please keep speaking out!
Perfect host. He shows how society has bought that fantasy of the world. Yanis Varoufakis shows the reality. Host read book and got upset, unhappy. He was upset at reality.
this white sports bro caster thinks he has important contributions to make, but he is sad.
I've seen many of Yanis's interviews about cloud capital and see a lot of complaints about this interviewer here, but this is my favorite interview. Yanis's responses to all these objections helped me understand the core of his argument best.
@@randoomain7485I noticed the same thing. I’m glad to read comments where more viewers have also noted the benefit of the contrast. What’s being called optimism is avoidance of the potential temporary discomfort confronting reality may encounter. When overcome, we become more adaptable, clear, and hopefully united.
Lol!
@@randoomain7485fair point. I'm enjoying it more now 😂(sincerely)
The Greek guy knows exactly whats going on. I love the way this was filmed as well.
he seems to just hate people who make a profit from a new idea/tech (even if the profit comes from his idea of rent)
He then looks to see how there needs to be some socialist solution to the 'problem'.
@@davidlloyd-jones8519 everyone hates something nowadays...or maybe you were trained to hate and use that word for everything you dont like so the algorithm of social media gets a bigger audience...and by you i mean all of the internet people who use the word...very sad people
@@BalkanGod23 i am confused by your comment - i said that Yanis is the one to hate, not me........
I can agree that perhaps i shouldnt have used that word (about his angle)
But is obvious that Yanis has a dislike of the idea of capitalism finding a niche.
Is true that the new niches is not conventional capitalism, but it is the organic dynamic of ways being found to make the supply distribution more efficient.
That said - his observations are interesting to say the least. .... there seem to be two takeaways, ......... One that some social big brother should step in and stop the virtual monopoly......... 2 that central planners should take over the space reffered to. 3 we should allow it to evolve and wait for competition to kick in and let things evolve organically.
@@davidlloyd-jones8519 his point is not is that its a virtual monopoly...but that its not a market. Secondly he's not suggesting to bring up social big brother...he's suggesting giving power aka 1 share to everybody since everybody is used to fund the machine called cloud capital aka amazon. Thirdly i dont get that conclusion of yours..it is evolving as we speak you cant stop it without the governments intervening.
As for the hate comment its a general observation for internet people who use such a strong word for everything...and it all started back in 2012-13 when zuckeberg along with the fbi wanted to make free expression evil..by banning , censoring and changing the meaning of the word troll. It was not directed at you personally.
When Yanis was about to use a metaphor or story he really had to speak more loudly and firmly to ask the host to not interrupt to allow him to make his point suggesting he wasn't properly listening and was thinking about what he wanted to say. Yanis is one of the most advanced and well read thinkers in the world, so interviewing him would never be easy and I hope the interviewer could adopt an attitude of live and learn.
"My book's not gloomy... BUT THIS LEADS TO THE END OF OF CIVILIZATION!"
You can tell why ya is is no longer a politician. He’s too intelligent and rational.
Actually, his party lost in last elections the participation in the parliament.
The Greeks are intelligent enough to kick him out.
He is promoted by the globalists and woke agenda, that's why you see this useless politician in the systemic news.
But he still is... I voted him 6 months ago. European elections coming up. Mera25 party is running in multiple countries.
He is a politician but his party wasn’t able to collect the necessary number of votes to enter the parliament.
It’s chiefly morality.
he still is a politician but the media try to hide that fact
In spite of the annoying interviewer, this is an incredibly informative interview! If Yanis is considered unpopular for his assessments, there’s a good chance he is right.
As for what we can do to turn all this around, it’s what should have been the 1 commandment instead of 10: don’t be an arsehole!
Online malls and digital stores are not the “marketplace,” but they certainly provide the medium of exchange, as Alvin Toffler put it; We are in the midst of the emergence of a Supersymbolic Economy, as such the physical market has been replacing by the symbolic market in the “Cloud”, empowering consumers with more choices.
I commend you for hosting Mr. Varoufakis, who is gifted at analyzing world systems and envisioning life in the future. Since 2015, I have studied and comprehended nearly everything he discussed. His talk was very informative, getting straight to the key points.
This interviewer is insufferable
I stopped five minutes in.
I read the comments first and skipped it. Mwahaha. People powah.
Thank you. I was wondering if it was just me.
Brexiteer, most probably.
Welcome to the Modern Stupid.
I’m encouraged to see so many people immediately grasped the interviewer being out of his depth. In fairness to the interviewer, maybe he hadn’t actually read the book or had a chance to absorb these concepts. Likely, his questions were created by a team (or chat gpt😂) and were variations on a formula for this show.
I imagine just how many wonderful philosophical ideas that could be exchanged with Yanis if it wouldn’t be this interviewer who truly lives in a different universe. The cloudalists did their job succesfully with him.
His problem is he tried arguing with the expert rather than asking questions. If you want 2 sides, the proper approach is to get a 2nd expert and moderate the debate, not try to be an expert yourself.
Have you any idea what a concept is?
To interview a guest as knowledgeable, smart and insightful as Professor Yanis Varoufakis requires an exceptionally skilled interviewer who has prepared very thoroughly for the task.
hypercriticism of the interviewer is counterproductive as he is simply the messenger and represents the depth of consideration given to reality by a large portion of the general or slightly educated populace of the U.S.
He said…”it takes an incredible degree of naivety to be optimistic about the future.”
Oh. My. Gosh. SO FUNNY 😭😭😭 & painfully true! 😭😭😭😭
The interviewer oozes self-satisfaction with absolutely no justification whatsoever.
This interviewer is so annoying, he doesn’t let the guy to talk and it seems he wants to be the interviewed… this is what happens when the interviewer is not in the level of the interviewed. Very interesting points, I am curious about his book!
Exactly ... Moronic host
if you look at Tom's life, you won't be surprised that he's an "optimist".
I am glad EuroNews interviewed Yanis, it shows at least an open mind to the idea of dialogue around a different perspectives.
I read a lot of criticisms of the interviewer in the comments. I am grateful to the interviewer, I think contentwise it is one of the best interviews with Varoufakis. (I am happy to be convinced otherwise, please post links in reply.)
World inequality is same? Where is this interviewer getting his data from? Such ridiculous assumption. Yanis is great. Such clarity- We need leaders like him. And hope no interviewers like uninformed Tom - his concepts are so unclear.
One is talking about where the car is taking you and the other is marveling comfort of their back seat while having a mild concerns about their sister taking up too much space right next to them.
It's an achievement to manage to miss the point 30 minutes straight.
σε ευχαριστώ Γιάννη που προσπάθησες να ενημερώσεις τον κόσμο για το χάλι που βρισκόμαστε
μπράβο αδερφέ μου
Ps I am English - raised in Kypros 😍
I just thought that micro-lending to women in Bangladesh--as the Nobel winner in Economics presented as his thesis which won that award--and what a fantastic idea. For those without much capital to obtain small loans, payable without high interest and at the rate that they can afford to have small start-up businesses of their own. To preempt the huge mega-monopolies of the market. How wonderful that sounds.
One of the most thoughtful interviews I have watched in a very long time
This interviewer is completely out of his depth, both as an interviewer and also intellectually. How did he end up in this position? He lacks very basic journalism skills and clearly has his own agenda.
I agree with you. But on the other hand, it's relatable because most people share his sentiment, which gives Varoufakis a perfect opportunity to confront those wide spread misconceptions.
Now ask yourself , why would Varoufakis consent to be interviewed by a moron? Answer: To shift sales of his intellectually puerile book so that he can keeping as a living a millionaire on Aegina. And dimwits will fall for it. As they always do.
Yes - including the very basic skill of introducing your guest / pronouncing your interviewee's name correctly
Professor make absolutel sense.Very deep and profound understanding. The interviewer is obvious that he cannot grasp what's been explained. Not at the level to ask the professor the right questions.
It's amazing to find out how much I'm disconnected to reality. Our world is shifting right in front of me and everyone else. Billions upon billions are going to a minute few at the cost to the rest of us.
Awkward interview, but maybe it can be a lesson for talking with apathetic "witty" people about serious subjects, how to navigate those muddy half-reactionary tactics of dismissal.
This interview is like if you discovered the Earth is spherical and tell this to someone, and their reply is:
"I agree with most of what you say, but I think of it more as a geographic surface tilted at 0 degrees"
This should be shown in schools. Young people are under so much more under control. As they have been born into this Cloud feudal lords World.
Varoufakis is a very clever Human and you can hear and see, he talkes out from his brain, by conclusions he made, not from a static few, but straight to the point.
At 11:13 the host says "We all live in our own reality." He certainly does!
😂 👍
What i found a bit strange was 5hat there was no mention of the connections between these cloud corps and the 3 letter agencies. They made them big IMHO.
I seriously enjoyed this conversation! Amazing interview. Tom merely has a different perception of tech.
There are 2 analogies to digital fiefdoms 1 is factory towns where the shops are owned by the factory giving the factory a great level control over the local economy 2 suppliers of (after market) part that have to conform to the standards set by the platform for instance car mirrors for a VW have to conform to the standard set by VW giving the platform owner a great level of control. In both cases the power in the supply chain lies in the platform owner because of lock in. Do you think that AI can lock you into platform? Can society be locked into a platform or a fixed number of them?
Sure anyone can be a podcaster, or set up a store, but the king always get’s his cut. He can end your business with a few keystrokes and their is nothing you can do about it. That doesn’t seem very “free” to me.
The interviewer is annoying.
He's English.
I like how the Interviewer first of all didn't say Varoufakis Name right. Instead he said VaroufLakis with an L. Look at the facial expression of Varoufakis at this moment. And then he shows with his questions that he completly didn't get the point of what Varoufakis said and tried to explaine in the book and when Varoufakis tries to explain it in a very simple way he interrupts him like a mad man in order to again don'tunderstand the point. Wow!
This came off more like a debate than an interview😂
But very educational.
I enjoyed the approach of the interviewer. He did his homework and tried to bring a counterargument and perspective for Yaris to explain. The average person you meet on the street thinks exactly like that by default and we all have to learn how to elucidate our arguments calmly for them to see the flip side! Yaris was great, this guy pushed him to bring out his best! As for the topic at hand, I'll have to think about it!
I don’t think this guy gets it, he just doesn’t understand the concept of techno feudalism. He fails to understand that the entrepreneur who makes a “business” through shopify, amazon, etc is merely a vassal company per se of those platforms themselves, these massive corporations provide the “land” (platform) in which these businesses “rent” space
This man is a treasure and this discussion is gold.
Mr.Varoufakis clarifies the situation so well.
A recent study on optimism is that persistent optimists are not very bright. They lack the ability to see things objectionably or use creative thinking because they see what they want and are always looking for a silver lining. But why the three way split screen? That just seems outright pointless.
Im half way through the audio book and Yannis is spot on. A very enjoyable read. Finally someone explaining the world 🌍 in a way that makes the penny drop.
People retain and learn information in different ways. Listening to the book or reading are both means to the same end
People retain and learn information in different ways. Listening to the book or reading are both means to the same end
I think the interviewer tried to blame the technology and also find solutions in technology, while Yanis was pointing out the problem is social. Technology is just a tool, like a fork or a hammer. It works only the way you use it to. Problem with current setup is in incentives of the technological companies to build technology not to enhance the society, but to enhance its possibilities of extracting the profits off the producers of capital. So instead of more productive capital, we have a situation where your more productive use of capital is prompting the "cloud landlords" to raise your "rent" for their offer without bringing these profits back to the market as future productive capital.
Varoufakis discusses the end of capitalism and the impact of technology on the future.
00:00
The book 'Techn Feudalism' presents a controversial hypothesis that capitalism has already ended.
00:45
Varoufakis emphasizes that the book is not about future predictions, but rather a diagnosis of what has already occurred.
01:01
💰 The transformation of capitalism involves the interface between individuals and a new form of capital, driven by data and user preferences.
04:11
The interface between individuals and a new form of capital involves data and user preferences.
04:11
The cloud is a capital goods conglomerate including optic fiber cables and server farms, shaped by user data.
04:18
User commands and preferences are training capital to provide personalized recommendations, shaping the future of capitalism.
04:59
🤔 Discussion about the future of technology, optimism, and hope in the face of challenges.
08:09
Technology and its impact on the future are discussed, with a distinction made between optimism and hope.
08:09
The overall tone is one of cautious hopefulness rather than blind optimism.
08:35
The speaker expresses enthusiasm for technology such as AI despite acknowledging the potential risks it poses.
08:43
💰 Impact of central banks' actions on financial sector and global economy, leading to asset price inflation and shift in income flow.
12:10
Central banks' actions causing asset price inflation and income flow shift
12:10
Tech companies benefiting from zero interest rates and investment shift
12:57
Zero interest rates as a result of boosting money supply to refloat financial sector
13:11
⚖ Comparison of monopolized market in a western movie town to current market situation, discussing the power dynamics and revenue distribution.
16:07
Comparison of monopolized market in a western movie town to current market situation
16:07
Discussion of the power dynamics and revenue distribution
16:50
💸 The current state of capitalism is concerning, with technology and wealth distribution being major issues.
20:01
Societies are influenced by algorithms and technology in ways not fully understood.
20:01
Wealth creation has not been democratized, with a small number of companies holding majority shareholding.
20:33
The current state of capitalism would be a nightmare for Adam Smith, with technology exacerbating wealth inequality.
21:03
🌐 Concerns about the impact of algorithms on society and the potential shift towards a dystopian future.
24:27
The potential dangers of algorithms being used to manipulate and control billions of people, leading to a society of 'happy slaves'.
24:27
The worry about algorithms being designed to maximize rage, outrage, and intolerance, impacting freedom and liberal beliefs.
24:54
💻 Discussion on the impact of AI on society, including its potential to replace certain roles and exacerbate existing societal issues.
28:17
AI's potential to replace certain roles and exacerbate societal issues
28:17
The challenge of reconciling the beneficial and detrimental aspects of server-based technology
28:47
The possibility of server-based technology being used for both good and bad purposes
29:10
📈 Proposal for a new corporate structure where employees have voting shares and cannot trade them.
32:38
Proposal for a cooperative share structure where every employee has one non-tradable share with voting rights.
32:38
Suggestion to change corporate law to implement a share structure similar to a university student card.
33:01
Imagining a system where shares give employees voting rights and cannot be traded.
These days, everyone is excellent at having the conversation. Unfortunately, no one can imagine a socioeconomic system that can replace coded neoliberal fossil capital, much less sacrifice an hour watching Netflix or UA-cam to participate in a global revolution. We are soft addicts craving more super normal stimulie. We want to be pacified by listening to smart people. Then we peel ourselves off our chairs, beds, and couches and go and take a nice, long, warm, comfortable green shower. It's a wonderful life. Happy Holidays.
Speak for yourself! I'm working on projects to help unglue people and decentralize from social media. A balance can be sought. But most people, yeah, they won't be able to fight against it. That's why it will take some extra-loud or extra-novel ideas to start moving the marker. Eventually, it won't be good enough except for the insulated ultra-wealthy. Those people will probably never get off the couch, but yeah, that's certainly not a "we" I'd say I'm a part of. Nor do I think this is inherent to human nature. It can be fought against, and its impacts addressed (being addicts to technology that is), albeit slowly. Happy Holidays.
What are you working on?
People are already imagining and building alternatives to (neoliberal) global capitalism. If you want to be and act revolutionary, you can.
My question to the OP, will you join us?
“Remember. Hope is a good thing, maybe the best of things, and no good thing ever dies.” - Andy Dufresne, _Shawshank Redemption_
So many fakes in this thread
Varoufakis tiene capacidad e intelecto más allá de la capacidad del fulano del anglósfera que lo entrevista.
Amén
Why bring up the anglosphere?
@@IrritatedBear Good point...
While you could say that the interviewer is not up to the challenge, neither am I… So I am quite happy that he asks these „stupid questions“ cause I would actually too and this way Mr. Varoufakis great explanation skills can come to play. I learned a lot, thank you both for the talk👍🏼
“Dark satanic mills” doesn’t come from Burke but from
Blake. Minor detail but illustrates Varoufakis’ conmanship.
as Jaron Lanier describes in his book (decades ago) "Who Owns the Future?", he predicted that all benefits accrue to the "top level" server
Good God. The interviewer is either detached from reality, or trying to push some very easily disproven narrative.
Truly one of the great sages of our time.
You are a most astute man talking about something which is not mentioned by other politicians as you once were. The problem being is that persons do not realise that the descriptors such as "communist or capitalist, the left, the right" no longer are relevant to describe the economic systems that we are directly affected by in our lives. This matters as they think they vote for such systems and they do not.
Halfway through the interview I was so annoyed by the interviewer, I could not believe what I was watching. Complete lack of respect for the person he's interviewing and love for his own voice and insolent ignorance. Yanis was so nice to gracefully challenge every statement, while Tom was speaking over him, and not walk out of the interview...
All the suggestions made by Varoufakis are great but the most important is abolishing intellectual property laws and patent properties across the Globe. Things will start falling into their places.
I can’t agree, surely this just allows those with capital to take advantage of creative people. How can anyone compete if corporations are allowed to steal everyone’s ideas?
@@tricore2567 thats one side of it , the other side is that those digital fiefdoms wont be massup so much wealth on their services just because they happen to have ownership on some algorithms and patents of some process thats their exclusive property.
Intellectual property comes from one's own mind. It is created by an individual or a group.
Removing ownership of your own personal thoughts and ideas is pretty Big Brother.
I have had several patents stolen in the past, and it is a terrible feeling. I wouldn't do it to anybody.
I want my reward for my ideas. It takes energy to create. Energy that many people don't have.
I have no problem sharing my potential wealth in the form of taxes. Although a useful invention will (or should) help society in general, anyway.
Why abolish intellectual property laws? What we need is more education, better science education for women, international teamwork and global taxes ensuring that human intelligence translates to sharing and dignity for everyone as well as plants and animals on the planet.
@@tricore2567 Nah, bruv, THEIR (corpo) IP property becomes public domain too. You're not stealing if you've got access to everyone else's ideas too. It's a trade-off. It's the digital commons. It's how a lot of big names in tech got their start, for example (like Billy Gates).
It’s not a market; it’s an algorithm that compels you to buy things.
you so spot on. The future is in our hands, but we should be guided with WISDOM
Wow, what an eye opening description of our digital / technological world and the conditioning of the mind.
This reminds me to: We buying things we don't need with money we don't have to impress people we don't like (meet)...
Conflating corporate, arbitrage, currency manipulation and corruption with free markets and free trade is a trope.
I loved his response to his optimistic perspective, that takes an incredible degree of naïveté, indeed.
This fellow, Tom, stepped into a ring above his weight class. Despite Tom’s interruptions, Mr. Varoufakis was a pleasure to listen to and articulated some refreshing insights of platform fiefdoms having elegantly usurped freer market structures. Tom reminds me of the average low-bar of knowledge that I have encountered with “partners” at PE and VC firms. Just pre-ordered the paperback of “Techno Feudalism” off of the Amazon platform 🙃
From the very start: capitalism has not ended, it’s working pretty well for the billionaires, as it has always been intended to!
The 70% of self made millionaires too.
capitalism is supposed to be free market, not the destruction of it
@@andrepereira5735 whenever capitalism contradictions are blatant, defenders say “that’s not the real capitalism” - which I read “That’s not the story I’ve been told 🥺”
Cantillionaires, Crony-Capitalists, ...
morphing into pure Corporatism/fascism [a la Muss.lini]
Study Bitcoin.
Varoufakis thanks.. you are right.... Mathematically speaking, the big problem is what you mention about : less investment and the whole system will becom degenerate.
Yaris, if we buy in traditional shop, how much of final price goes to producer of good and how much goes to intermediaris?
I see many comments criticizing the interviewer at the same time yanis said that was fun. Tom is not really an interviewer that's why it was more of a debate rather than an interview. Tom btw has 700k followers on linkedin that's why it looks like this. And this was Tom's 1st podcast also he was anxious as he said on linkedin. So it makes sense I presume.
He was rude and uninformed.
I don't know who's the guy, but he didn't do a good job at all.
Yanis is smart like that, he managed to get several points across despite the interviewer wanting to gear towards buzz words over and over. He surely thought it was fun in an unexpected way, but it sure was not great to watch. This is not a debate, nor an interview well executed.
Eight men own the same wealth as half of the world; how can feudalism be anything but gloomy? One day, Alexa shall become the true customer, and the customer becomes her wallet.
Varoufakis is always great to listen to.
I agree that the interviewer shold have let him speak and only responded to questions. (Think about the Tucker Carlson interview with Putin!)
He does not get that Amazon is a warehouse wholesaler. Nothing has changed.