Is capitalism dead? Yanis Varoufakis thinks it is – and he knows who killed it
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Re: Is capitalism dead? Yanis Varoufakis thinks it is – and he knows who killed it
#2[flagged]
Re: Is capitalism dead? Yanis Varoufakis thinks it is – and he knows who killed it
#3TLDR: It’s not.
Re: Is capitalism dead? Yanis Varoufakis thinks it is – and he knows who killed it
#4[flagged]
Re: Is capitalism dead? Yanis Varoufakis thinks it is – and he knows who killed it
#5[flagged]
I resonate deeply with this comment. Except it's also true of most human endeavours...
Re: Is capitalism dead? Yanis Varoufakis thinks it is – and he knows who killed it
#6I'm not sure about Italy, but capitalism is alive and well in the US for better or worse. Our political, economic, and social systems are all largely driven by an end goal of creating and hoarding capital for the sake of capital.
We may not have free markets anymore, but we have capitalism in spades.
Re: Is capitalism dead? Yanis Varoufakis thinks it is – and he knows who killed it
#7Capitalism is dead, says a millionaire on track to become a billionaire.
Re: Is capitalism dead? Yanis Varoufakis thinks it is – and he knows who killed it
#8Related previous discussion here https://news.ycombinator.com/item?id=37934781
Re: Is capitalism dead? Yanis Varoufakis thinks it is – and he knows who killed it
#9TLDR: It’s not.
Capitalism is dead, long live Uber-Capitalism
It has been distilled into a more pure form and thus is another step removed from its base ideology and has become its own justification.
ie. Question: Why? Answer: Because capitalism
Where it used to be:
Question: Why capitalism? Answer: Because incentive structure to maintain a society
eg. The prevalence of overt user hostile function and design choices. These are in servitude of capital, not in servitude of customers or function. Capital as the ends justfying any means.
Re: Is capitalism dead? Yanis Varoufakis thinks it is – and he knows who killed it
#10[flagged]
So that means we need a Capitalism: The Good Parts to teach us to stay away from the bad parts!