The idea that we are entering an era of techno-feudalism that will be worse than capitalism is chilling and controversial. We asked former Greek finance minister Yanis Varoufakis to elucidate this idea, explain how we got here, and map out some alternatives.

The idea that we are entering an era of techno-feudalism that will be worse than capitalism is chilling and controversial. We asked former Greek finance minister Yanis Varoufakis to elucidate this idea, explain how we got here, and map out some alternatives.

  • SpaceCowboy@lemmy.ca
    22·
    9 months ago

    The only real solution that has worked before is a communist revolution.

    You have an interesting concept of something “working”.

    The actual solution that worked before is trust busting and Keynesian economic policy.

    • novibe@lemmy.mlEnglish
      22·
      9 months ago

      What is your definition of working? I’d say communist revolutions have indeed worked. I base that on data, facts and the material conditions of places that had a revolution compared to countries in similar economic and geopolitical situations.

      Cuba is doing much better than most Latin American countries. In most areas it’s doing MUCH better.

      China is doing infinitely better than any other comparable country, like India. It’s not even a comparison.

      The USSR was also doing much better than any country in a comparable situation when it did exist.

      How did these revolutions “not work”?

      • SpaceCowboy@lemmy.ca
        2·
        9 months ago

        Cuba is doing much better than most Latin American countries. In most areas it’s doing MUCH better.

        I was just in Cuba last year. A doctor makes $35 per month. The cab to the airport cost almost that much. A cab drive makes more than a doctor’s monthly salary from two fares. Their money is ridiculously screwed up. The official exchange rate is something around 24 CUP to the dollar. But at the airport it’s like 1/3 that value. And in the black market it’s 1/6 that value. People live in poverty while the government buildings are immaculate marvels. The people I talked with there know how messed up the country is.

        China is doing infinitely better than any other comparable country, like India.

        You mean the country where capitalism is thriving and labour unions are illegal? Where billionaires dominate the ruling party? China is communist in name only.

        The USSR was also doing much better than any country in a comparable situation when it did exist.

        It was doing great… until it collapsed? Great success story!

        Sorry but whatever you’re reading isn’t very accurate.