‘Capitalism is dead. Now we have something much worse’: Yanis Varoufakis on extremism, Starmer, and the tyranny of big tech::In his new book, the maverick Greek economist says we are witnessing an epochal shift. At his island home, he argues it’s now the ‘fiefdoms’ of tech firms that shape us
He’s not wrong. We’re only a few years away from the big five in the US owning all of our land in one way or another. It’s like a corporate showdown at this point. The government did nothing to stop this conglomeration of assets and wealth.
The article really doesn’t engage much with what YV actually wrote; she says that she disagrees with him sometimes or that other people disagree, but with very little substance.
Like others have already commented, she’s also excessively obsessed with describing his house and wife. I can’t believe The Observer paid for her to fly out there to write such drivel.
Are people using capital to acquire more capital to then undertake more capital-intensive endeavors? Yes? Then it’s still capitalism.
At this point I think Varoufakis only continues to rant his drivel in order to feel better about being a rich capitalist himself.
Not really, they are using public money to pass it into private hands. Its capitol but not in the way capitalism describes it because its not coming from wealth to invest in new ventures its being extracted and pocketed.
“Capitalism is dead. Now we have something much worse”
Capitalism 2.
It died when socialism became a corporate only condition. Now its corporate capitalism with government socialism.
