
What is money and who rules the world? | Yanis Varoufakis | Escaped Sapiens #46
The Escaped Sapiens Podcast
The Central Role of Banking in Capitalism
Finance is the key to capitalism, with bankers as the providers of liquidity. They extract value from the future to fund present production, making them rich. However, they can push the system to its limits, causing broken promises and debt accumulation.
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