
Yanis Varoufakis on the Economic Situation
The Dig
00:00
Post Capitalism Is Already Happening
Central banks channelled rivers of cheap debt money to the financial sectr while fiscal austerity limited the public's demand for goods and service. Covid 19 found capital is in the zumblified state, with consumption in production hit at once governments,. must now replace all incomes to a gargantian extent. The necessary condition for avoiding this is a massive structuring of public and private debts - which our oligarchy regimes are going to fight tooth and nail against. Markets can only begin to function in the public interest if, on the one hand, we terminate share markets, terminate them, not late. Terminate commercial banking and having the feds or the isipi or the bank of
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