Capitalism as we know it is over, what comes next? My prediction with Varoufakis | euronews 🇬🇧

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...

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[johnacer]

Euronews should choose their interviewers more carefully.. he is not qualified to make an interview with Varoufakis..

[Alroussk]

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

[stefangunnarsson]

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.

[BrettHeth]

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.

[Riggsnic_co]

A weak dollar can signal an economic downturn, making me to ponder on what are the best possible ways to hedge against inflation, and I've overheard people say inflation is a money-eater thus worried about my savings around $200k

[adamh]

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."

[dranzacspartan]

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.

[aob]

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.

[cosmicmariner]

When the interviewer made Yanis explain the meaning of "cloud" I knew it was over.

[morenotheartist]

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.

[TheTobs]

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.

[pd]

Ironically the algorithm sent me here and now I want to read his book. Fantastic interview.

[edwardmiessner]

Excellent interview, and Yanis Varoufakis proved himself to be far above the interviewer's league. Ironically the YouTube algorithm brought me here, so it's not entirely evil!

[e-junkie]

The interviewer lacks the intellectual depth to discuss ideas and issues with Mr. Varoufakis.

[ivanf]

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.

[trk]

As a tech person, Mr. Yaris has very good knowledge about the subject. Amazing.

[KayxzTarot]

He said…”it takes an incredible degree of naivety to be optimistic about the future.”
Oh. My. Gosh. SO FUNNY 😭😭😭 & painfully true! 😭😭😭😭

[Avielseen]

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.

[mariatod]

"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.

[anodyne]

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.