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Martin Wolf and Yanis Varoufakis on the Future of Capitalism - Part 2

Intelligence Squared: Business

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The Future of Capitalism

My view is that capitalism is dying, and there's nothing we can do to save it. I have no objection to central bank digital currencies bypassing private finance. What I think is a more radical approach would be to eliminate all tax deductibility of interest. That will kill private equity, which I would be quite happy about. Third, I agree with him that there is a very clear problem. But I think it's politically manageable within an, if you like, a broadly, immediate, mis-framed framework.

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