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Joyless economies: Unregulated capitalism, slavery, and feudalism | Yanis Varoufakis

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Modern capitalism is a "very silly" way of organizing life, says Yanis Varoufakis.

- Wealth inequality in modern capitalism creates a joyless economy for both the rich and the poor, says Yanis Varoufakis.

- Wealth inequality in a time of economic abundance makes society less civilized. More evenly distributed resources allow humans to create the literature, art and intellectual works that make human life richer.

- The universalized depression and stress caused by inequality is "incongruent with our fantastic advances at the technological level," says Varoufakis.

Yanis Varoufakis is the former finance minister of Greece and the cofounder of an international grassroots movement, DiEM25, that is campaigning for the revival of democracy in Europe. He is the author of And the Weak Suffer What They Must? and The Global Minotaur. After teaching for many years in the United States, Britain, and Australia, he is currently a professor of economics at the University of Athens. His most recent books are "Adults in the Room" and "Talking to My Daughter About the Economy: or, How Capitalism Works--and How It Fails" (https://amzn.to/2DGDyqn)

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