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Yanis Varoufakis - What Does a Fair and Equal Society Actually Look Like?

Slo Mo: A Podcast with Mo Gawdat

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The Role of Debt in Capitalism

Under feudalism, we had a sequence. First came production followed by distribution and thenit was finance at the end. But under capitalist capitalism debt comes in first before nthing else. So bankers become essential in providing the fuel to the engine of gowth under capitalist. In 19 29, you had the worst crash. Breton is no not allowed to do the same thing that the banker has been put like genie into the bottle by franklin rose and bret vinney. You have boring banking Bankers who conjure up mountain ranges of non existent money which then created exuberance in stock of change and so on. It's quite straightforward. The whole thing blows

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