‘Capitalism is dead. Now we have something much worse’: Yanis Varoufakis on extremism, Starmer, and the tyranny of big tech::In his new book, the maverick Greek economist says we are witnessing an epochal shift. At his island home, he argues it’s now the ‘fiefdoms’ of tech firms that shape us
Are people using capital to acquire more capital to then undertake more capital-intensive endeavors? Yes? Then it’s still capitalism.
At this point I think Varoufakis only continues to rant his drivel in order to feel better about being a rich capitalist himself.
Not really, they are using public money to pass it into private hands. Its capitol but not in the way capitalism describes it because its not coming from wealth to invest in new ventures its being extracted and pocketed.