Can we Fix Capitalism? Yanis Varoufakis vs Gillian Tett
Video Statistics and Information
Channel: Intelligence Squared
Views: 422,293
Rating: undefined out of 5
Keywords: Intelligence squared, intelligence squared debates, gilian tett, yanis varoufakis, how to fix capitalism, capitalism is broken, capitalism history, history of capitalism, greek economy, is capitalism broken?
Id: Gv6130kSzEY
Channel Id: undefined
Length: 87min 14sec (5234 seconds)
Published: Thu Oct 28 2021
Please note that this website is currently a work in progress! Lots of interesting data and statistics to come.
Based Yanis
Easy answer, no.
Ok so I think Tet had some really good points and ideas, particularly regarding the tech industry and how to prevent monopolies and trusts etc. The problem, though, is that the exact concentration of power which requires those laws in the first place, are the same which ensure those laws will never come to pass in a republic. (It’s the same economical ouroborus that ensure a libertarian candidate will never be elected in the US) I know the debate wasin Europe but in the US I feel like that has been the basic lot of social democracy for some time now—it’s too little, too late and misses the whole point of the problem.
Likewise, I really like Yanis’ own personal explanation of market socialism, but I have my doubts there too. Basically I can’t imagine a truly ‘socialist’ government that doesn’t, by necessity, have a very large and powerful state apparatus. So his claim at the end that he ‘loathed’ the state seemed sort of weak.
Having said all of that, quite frankly I don’t think i understand market socialism so please don’t go hard on me lol. It just sounds like inverse social democracy to me. I’m very open to explanations, though :)