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Other => Random Discussion => Topic started by: Pheonike on February 16, 2016, 03:17:28 am

Title: Capitalism will eat democracy -- unless we speak up | Yanis Varoufakis
Post by: Pheonike on February 16, 2016, 03:17:28 am

Lays out so interesting concepts...

https://www.youtube.com/watch?v=GB4s5b9NL3I

Title: Re: Capitalism will eat democracy -- unless we speak up | Yanis Varoufakis
Post by: Troglodactyl on February 16, 2016, 03:56:34 pm

His entire case is based on the idea that the political and economic spheres are currently separated, which they are not.  He also never defines "capitalism", and it doesn't seem he knows what it means.

Title: Re: Capitalism will eat democracy -- unless we speak up | Yanis Varoufakis
Post by: speedy on February 20, 2016, 09:38:59 pm

I think the reverse is true - democracy will eat capitalism. People always vote for free stuff paid at the expense of other people's personal and economic freedom.

His message is basically against the purpose of cryptocurrencies. He advocates Keynesianism whilst claiming it can somehow be reconciled with libertarianism and empower individuals (13:10).

He then admits that he is totally confused (14:50).

Title: Re: Capitalism will eat democracy -- unless we speak up | Yanis Varoufakis
Post by: cylonmaker2053 on February 21, 2016, 04:54:53 pm

Maybe it'd be better if we stopped using abstract words, like "capitalism" or even "democracy" (bc it tends to be associated with a lot more than just voting, e.g. like democracy somehow means open, freer society). Using violence to shape society is wrong, no matter what the supposed intentions and utopian promises that come with it. So no, it's not "capitalism" (private ownership of resources and hence free trade and association) that's "eating" democracy, it's politicians convincing people to give them increasing power to use violence to shape society.