Author Topic: Varoufakis: capitalism is ending  (Read 164 times)

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Offline Maik

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Varoufakis: capitalism is ending
« on: Friday, 20 October, 2017 @ 02:15:46 »
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Capitalism is ending because it has made itself obsolete, former Greek finance minister Yannis Varoufakis says

The former economics professor told an audience at University College London that the rise of giant technology corporations and artificial intelligence will cause the current economic system to undermine itself.

He added: “Capitalism is going to undermine capitalism, because they are producing all these technologies that will make corporations and the private means of production obsolete.
http://www.independent.co.uk/news/world/europe/yannis-varoufakis-capitalism-ending-obsolete-former-greek-finance-minister-artificial-intelligence-a8006826.html

Offline Maik

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Re: Varoufakis: capitalism is ending
« Reply #1 on: Tuesday, 24 October, 2017 @ 13:20:36 »
Seems he's not alone in holding that opinion:

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Capitalism 'has been broken', top UK business leaders warn
http://www.independent.co.uk/news/business/news/capitalism-broken-top-business-leaders-shriti-vadera-financial-times-robert-swannell-carolyn-a8014616.html