Yanis Varoufakis on the consequences of capitalism in 2021

Noam Chomsky, Yanis Varoufakis, and Lisa Graves discussed the consequences of capitalism as a part of Noam Chomsky’s Consequences of Capitalism class at the University of Arizona.

Lisa Graves is a progressive activist who is senior fellow and former executive director of the Centre for Media and Democracy (CMD) and is the president of True North Research.

You can watch the full video here!

Overview

In his talk, Yanis Varoufakis went over the following topics:

  1. Competitive markets: Recounting the standard argument with Adam Smith onwards in favour of a market society.
  2. Oligopolies: Capitalism became successful only when it killed off competition, and moved on from its competitive phase 19th century to its oligopoly phase — the mega firm foundations of capitalism beginning with the second industrial revolution.
  3. Commodification: Commodification paved the ground for capitalism and was turbocharged by capitalism.
  4. 2008: 2008 was our generation’s 1929 — the world changed.
  5. Consequences: the ways in which capitalism has affected the world today.

Do you want to be informed of DiEM25's actions? Sign up here

DiEM25 presents: A New, Rebellious Left for Germany, with Yanis Varoufakis — Berlin, Nov 13

On November 13, in Berlin, DiEM25 and Yanis Varoufakis will present a new, rebellious Left for Germany. Grab your tickets today!

Read more

The War on Terror is put on trial in London through the Belmarsh Tribunal — October 22

ANNOUNCING: The Belmarsh Tribunal. On October 22, we will put the War on Terror on trial. Register to attend online!

Read more

SAVE THE DATE — COP OFF: DiEM25’s Alternative Climate Conference, Nov 14 – 16

COP-OFF, a 3-day online event where DiEM25 will gather progressives from around the world to discuss the most pressing issues of our time.

Read more

DiEM25 members in Turkey gather in Bolu to organise activities for the coming months

Members of DiEM25 in Turkey came together in Bolu on September 18-19 to organise activities for the coming months.

Read more