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Intelligence Squared

Martin Wolf and Yanis Varoufakis on the Future of Capitalism - Part 2

May 6, 2023
30:03

Podcast summary created with Snipd AI

Quick takeaways

  • The debate highlighted the impact of cloud capital on traditional market dynamics and the rise of 'cloud thieves'.
  • Insights were shared on the comparison between democratic and authoritarian capitalism, emphasizing global economic interdependence.

Deep dives

The Future of Capitalism: Cloud Capital and the Tech Sector

The podcast episode delves into a debate on the future of capitalism, highlighting the impact of cloud capital on traditional market dynamics. Concepts such as Amazon being more than a market due to algorithm-mediated transactions and the rise of 'cloud thieves' are discussed. The episode explores how the tech sector's dominance and financialization post-2008 crisis have shaped a new form of capital, prompting a reevaluation of property rights and the need for international cooperation.

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