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Yanis Varoufakis: Capitalism Will Eat Democracy TED Talk

March 20, 2016 by Admin Leave a Comment

Yanis Varoufakis is a Greek economist and the former Greek Minister of Finance. He describes himself as a libertarian Marxist, or as he jokes, “totally confused.”

However, if this TED Talk is any indication he is anything but confused.  In twenty minutes he lays out what I have been trying to say throughout this website. The economic and political spheres are decoupled; democracy does not extend to the economic sphere; the economic sphere is eating the political sphere’s lunch; our choice for the future is between a “Matrix-like” dystopia and a Star Trek economy; and finally, this choice must be made democratically.

Take twenty minutes to watch this video. Then take as much time as necessary to let the ideas he presents sink in. This is good stuff, worth watching and re-watching.

 

Thumbnail Image courtesy of TED Conference via flickr

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The contradiction between the general social power into which capital develops, on the one hand, and the private power of the individual capitalists over these social conditions of production, on the other, becomes ever more irreconcilable and yet contains the solution of the problem, because it implies at the same time the transformation of the conditions of production into general, common, social conditions. This transformation stems from the development of the productive forces under capitalist production, and from the ways and means by which this development takes place.

Marx, Capital vol.III

Understanding the Zeitgeist

In considering such [societal] transformations a distinction should always be made between the material transformation of the economic conditions of production... and the legal, political, religious, esthetic or philosophic - in short, ideological forms in which men become consciousness of this conflict and fight it out.
Just as our opinion of an individual is not based on what he thinks of himself, so we cannot judge of such a period of transformation by its own consciousness; on the contrary, this consciousness must be explained rather from the contradictions of material life, from the existing conflict between the social productive forces and the relations of production.

- Karl Marx

Revolution in the Fullness of Time:

Since the historical appearance of the capitalist mode of production, the appropriation by society of all the means of production has often been dreamed of, more or less vaguely, by individuals, as well as by sects, as the ideal of the future.
But it could become possible, could become a historical necessity, only when the actual conditions for its realization were there. Like every other social advance, it becomes practicable, not by men understanding that the existence of classes is in contradiction to justice, equality, etc., not by the mere willingness to abolish these classes, but by virtue of certain new economic conditions.

-Friedrich Engels, Socialism; Utopian and Scientific (1880)

We are free to imagine an ideal society in which all other tasks are almost totally automated and each individual has as much freedom as possible to pursue to goods of education, culture, and health for the benefit of herself and others.

Thomas Piketty, Capital In The Twenty-First Century

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