UnHerd with Freddie Sayers
Yanis Varoufakis: Overthrow the Big Tech tyrants
Nov 15, 2024
In this conversation, Yanis Varoufakis, former finance minister of Greece and author of ‘Techno Feudalism’, critiques the rise of Big Tech as new tyrants reshaping global power dynamics. He discusses how the digital landscape has effectively replaced traditional capitalism, leading to increased cronyism and economic instability. Varoufakis draws parallels between the economic crises in Argentina and Greece, advocating for debt restructuring and national sovereignty. He also reflects on the failures of leftist movements to address these pressing issues.
01:17:44
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Quick takeaways
- Yanis Varoufakis argues that Big Tech billionaires are restructuring global power dynamics, challenging the values of crony capitalism.
- The current political landscape reveals a disconnect between establishment politicians and the struggles of the average American, fueling support for Trumpism.
Deep dives
The Economic Crisis and Political Deception
A staggering 60% of Americans live paycheck to paycheck, fundamentally reshaping the political landscape. The Democrats, particularly under Joe Biden and Kamala Harris, have disconnected from the struggles of the average American by boasting about a supposedly thriving economy. This disconnect has enabled Donald Trump to appeal to frustrations about economic insecurity, declaring that many Americans need to rise against the failures of the current system. The narrative surrounding American carnage resonates because it authentically addresses the pain that many experience in their daily lives, contrasting sharply with the Democratic establishment's response.
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