
Yanis Varoufakis on the Economic Situation
The Dig
00:00
The Capitalism of Mega Firms and Megabanks
i call the global minator era. You needl haveread my book in order to see why i'm calling that. So just forget it for a moment. We talk about what made dalism genuinely successful, and who had allowed it effectively to take over the four corners of the planet. The problem with mega banks is that they have a remarkable capacity to conjure up money from thin air. As long as this money generation generates new profits, the system is not a pigment scheme. But the more successful it is at generating new value, the banking system finds it even more profitable to generate even more paper money. At some point this just collapses. After 19 29, what did we
Play episode from 17:46
Transcript


