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Archive – Can We Fix Capitalism? Yanis Varoufakis vs Gillian Tett
Intelligence Squared
Exploring Adam Smith's Influence on Capitalism and Challenges in Today's Markets
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The chapter discusses Adam Smith's essential components for effective markets, the lack of these components in the financial and tech sectors, and the relevance of his theories in today's financial markets. It also delves into the predicted collapse of capitalism, the impact of central bank money, and the split in capitalism where some companies prioritize profitability over borrowing. The conversation further explores alternative economic systems like worker-owned cooperatives, challenges in scaling cooperatives, and the role of regulatory structures in shaping the future of capitalism.
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