Yanis Varoufakis: Is Capitalism Devouring Democracy?
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How Capitalism Fails The two June 2018 programs by TUC radio with the economist and former Greek finance minister Yanis Varoufakis drew such a huge response that we are following up with an extraordinary excerpt from a May 9, 2018, talk at the Cambridge Forum. In that talk Yanis Varoufakis makes the point that democracy and capitalism are incompatible. However capitalism also can’t maintain itself – he says – it is a self devouring system. And he invites us today to resolve the question of who is going to survive, democracy or the global financial system.
In this excerpt of his near two hour talk Varoufakis traces the origins of the current economic crisis from 1929 through the New Deal through [ . . . ]
Podcast: Play in new window | Download (Duration: 29:01 — 19.9MB)