Yanis Varoufakis on the US elections, Techno-Feudalism, the role of the family.. and other things. 

Wow. What a brilliant analysis Professor Veraufakis.

This was GREAT !!!

great interviews on this channel. please keep going

26:32 *What killed capitalism?* “Capital-and that’s the Hegelian dialectic at work.”

I LOVED the questions at the end! 🤩 And I totaly agree with all the answers, incredible... Which means that I'm among friends here. 😊 You got a new subscriber, greetings from Zagreb, Croatia... 👍👋 P.S. I've noticed that in recent years, the best channels here on RU-vid are infact the smaller but smarter ones. For some reason, the Allmighty Algorithm 🙏 started presenting me several such channels like yours recently. This makes me one happy ...user... 😎

The message needs to get through to the worker drones

This dude is endlessly interesting to me. 😊

In 1963, Asger Jorn wrote: "The leisure hours is the only thing that is valued in modern society, and the modern form of exploitation is concentrated upon this one point: How can we steal the free hours from the individuals? This is the major problem of modern state-polity." Well, now with Techno-feudalists, this problem has been solved. The user of Facebook, RU-vid, X etc. is spending his or her leisure hours for the benefit of Zuckerberg & Co. The alienation is so soft so as to not being felt, really. The old dictum of Benjamin Franklin: ‘Time is money’ gets a new meaning. And Capital has a new Merry-Go-Round. [Asger Jorn: Painter, co-founder of the Cobra-group, and renowned as such. In addition, he was one of the main figures in the Situationist movement. Author of a series of little-known books, among which is "Value and Economy" ]

I love Yanis! I would like the US to have Diem25 to extend to the US. Perhaps I could spearhead it?

That last question was just so unfair. Yes, Bernie blew it!

In the West, the feudal lords ARE the rulers. China is a threat because this is not the case. The US feudal system can not compete because socialism is more efficient. This failure to compete is called Chinese "overcapacity" by the private transnational rentier oligarchy at the top of Wall Street (the deep state). The classical economists beginning with Adam Smith identified the economic rents (unearned income) extracted by feudal lords as the problem preventing a free market that the government should solve. The neoliberal (Austrian, Libertarian, Chicago School Monetarist) counter-enlightenment led by the super wealthy was to not acknowledge any such problem, as the marketing front for their banks (FIRE, finance, insurance and real estate) whose vocation is rent seeking and who directly employ the modern neo feudal government. "Today, commercial banks have the privilege of creating money as credit. They oppose governments creating their own money, because that would make economies less dependent on bankers and bondholders. Opposing Modern Monetary Theory (MMT), banks and bondholders demand that governments finance their budget deficits by borrowing at interest instead of simply creating their own money by fiat." Michael Hudson, The Destiny of Civilization (Kindle locations 4561 to 4564) In MMT, taxes don't pay for anything. Taxes simply extinguish money to keep inflation in check. Some insist that "taxation is theft", but I would argue that rentier income, which by definition derives from ownership alone, a not at all productive extraction from the real economy of producing and consuming goods and services, is theft, and this is what should be taxed. It is important to note that in MMT it is the real economy that matters, not the paper economy. Should money be created for corporate takeovers or education? Financial speculation or infrastructure? For the wealthy to collect interest or health care? All of these things reduce the cost of living, and therefore the cost of labor and production, resulting in a more efficient economy.

I read Marx when I was young and came away with one idea, namely that the capitalists will never stop trying to extracting surplus value under any circumstances. This seemed untrue at the time, but today the capitalists continue to extract surplus value although the value of their wealth continues grow relative to the lower classes. Today Increasing the inequity of wealth is the entire goal of the capitalist class. This will continue until collapse or the implementation of techo feudalism. Since techo feudalism is centralized power in the hands a few capitalists, control of Artificial Intelligence by these top capitalists might lead to a viable solution.

Love love love Yanis Veroufakis

So, the commodity is data or information such that the manipulation of the employee class is the desired "commodity" rather than a usable specific commodity such as coffee, yarn, or pencils, (as three examples). It's a focus is, as always, the abuse of the employee class.

To add to my post: I have engaged in what I call "alienated labor" for my entire working life. I was able to retire at 59 with a pension but I had done everything I could to protect the families who were robbed of their children because bureaucrats decided what a good home environment was by basically the concepts of white people. Even Black workers were willing to engage in racist policies against families in Children's Protective Services. In a just society all families could benefit but capitalists take the largest share of profits, real estate and love bullet proof luxury cars.

See Nick Dyer-Witheford's book Cyber Marx chapter 1 Differences Babbage and Marx * Opposing Technological Feudalism * Control [Cybernetics] and Resistance Colin Burgess

Janis, I'm obsessed! It will be an uplifting pleasure to meet you.

Bourgeois-capitalist industrial nation had been mutated into technological socialist service societies around the year 2000. So, the task of critical philosophy is not to attack TECHNO-FEUDALISM, but enhance the awareness that a modern humanist society should be socio-capitalist and that TECHNO-FEUDALISM should be controled by the state. (as China is doing)

to me this new version of capitalism reminds me of World of Warcraft economy if you imagine also that some people have access to cheat codes from the older games

What is legally rights for there's finishing for election ?

sometimes the no means yes, even "don't know"

""Make Amazon pay "will not solve the problems. What solve the problem is remove the entire market given to Amazon and other monopolies. Small businesses and majority working class will not benefit anything by increasing taxes for rich. Small business and middle-very low now class will benefit only some market % be allocated to them . Give opportunities to people, so people be motivated to work and give the best of them.

I think Yanis is just pointing to a fact which is related to Luxembourg's account of why there is no "pure capitalism" but always interwoven with feudalism. But I think Bezos is just making money from ground rent. This form of making profit is parasitic on how value-form works, not a radical shifting.

How does one write volumes when the mind changes every day?

When capitalist vendors pay a commission rather than a wage, are we not in the same dynamic?

Bro drinking vanilla coca cola, he is not boycotting 💀

Everyday people are too scared to have kids

In the hunder rules regulations international criminal court law of Islamic of general scientist globally peace ?

Physics or metaphysics?

What is the role of a Marxist if machines do all the labor ?

Walter Benjamin: "boredom is the dream bird that gives flight to the imagination" - a necessary part of creativity, as relevant to well-being as sleep - c.f. Susan Buck-Morss, "Aesthetics and Anaesthetics" - c.f. Sloterdijk-Huyssen-Zizek: post-Enlightenment schizo-cynicism: the weakening of symbolic efficiency brings the imaginary closer to the Real

Lee Steven Lewis Ruth Thompson Kenneth

Harris Karen Robinson Mary Jackson Jason