'We need to organise politically to defend the weak, empower the many and prepare the ground for reversing the absurdities of capitalism.' - Yanis Varoufakis 'Capitalism over the past twenty-five years has been an incredible moral good.' - David Brooks The Munk debate on capitalism There is a growing belief that the capitalist system no longer works. Inequality is rampant. The environment is being destroyed for profits. In some western nations, life expectancy is even falling. Political power is wielded by wealthy elites and big business, not the people. But for proponents of capitalism, it is the engine of progress, not just making all of us materially better off, but helping to address everything from women's rights to political freedoms. We seem to stand at a crossroads: do we need to fix the system as a matter of urgency, or would it be better to hold our nerve?
About the Author
Born in Athens in 1961, Yanis Varoufakis was for many years a professor of economics in Britain, Australia and the USA before becoming finance minister of Greece in 2015. His memoir of his experiences in government, Adults In the Room: My Battle with Europe s Deep Establishment, was a number one bestseller in 2017. His previous book, And The Weak Suffer What They Must? Europe, Austerity and the Threat to Global Stability was a number one bestseller in 2016. He is currently Professor of Economics at the University of Athens and speaks to audiences of thousands worldwide as a co-founder of the Democracy in Europe Movement (DiEM25).
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