2min chapter

Cleaning Up: Leadership in an Age of Climate Change cover image

Yanis Varoufakis: Power, Markets & Power Markets - Ep104

Cleaning Up: Leadership in an Age of Climate Change

CHAPTER

What Is Complexity?

When I described that era, I call it base load and peak, long lunches and knocking off early because it was brutally simple. And we were dramatically over-invested. There was an enormous capital misallocation as civil servants who run the system simply charge people. But at the same time, if you want to remember, Andrew laughing at the little people and treating them like muppets,.The people that they exploited and the people that they treated like cattle whose price was going up or down. So we can do that. Let me counter that. The main point, your main point is that complexity means that simulated markets work better. My point is exactly the opposite. That greater

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