The idea that we are entering an era of techno-feudalism that will be worse than capitalism is chilling and controversial. We asked former Greek finance minister Yanis Varoufakis to elucidate this idea, explain how we got here, and map out some alternatives.
Also the Netherlands is still very much capitalistic while having much more protections for their citizens.
This isn’t a blanket “capitalism bad”, it’s the fact we allowed our country to be bought out by capitalism.
Hell I am a Republican and I think we have given corporations too much power. I am not opposed to wealthy people or billionaires or whatever. What I am against is the companies running the show and having undue influence over the government. People like Zuckerberg have way to much power over the government and that isn’t good.
I used to be against heavy regulations but we have gone to the other extreme of too little regulations. Things like outsourcing jobs to other countries, building all our crap in China, union smashing, etc all should be stopped. A strong middle class is important to the success of the country. Most of these companies are built on a house of cards and need more regulation to keep the economy safe. I hate the term too big to fail because we shouldn’t let any company get that large. I am tired of all the mergers that lead to layoffs, higher prices, and less choice.
I am tired of my insurance being tied to my employer. I am tired of forced arbitration agreements. While I have never been laid off, I am tired of the mass layoffs. Companies should be forced to pay 1 year of severance to anyone laid off. I am tired of executives of companies milking the company for their benefit. Boards are not held accountable.
The problem isn’t capitalism but human nature. We see it in every type of government or economic system. People get greedy and jack crap up. I want companies to make a profit, that is how to fund our retirement systems but I don’t want it done in a way that destroys the company long term or causes thousands to lose their jobs.
While I have many benefits from my job, as a nation, we don’t even have mandatory vacation, sick days, etc.
Anyone who self-identifies as a Republican at this point in time is either delusional or psychotic. Full stop.
Thanks for making an off topic comment. Anyone who voted democrat us delusional or psychotic as well
I’m a progressive and think conservatism is a totally valid political viewpoint - to continue doing what worked. And that is the social systems that worked so well for many decades. Unfortunately the GOP has become more and more reactionary for decades now (“paleo conservative”). So social democrats should be seen as conservatives really. And capitalists have accumulated so much money and power that it isn’t working any more.
I’d say the problem is that we don’t account for human nature in systems. We’ve elevated infinite greed as a totally valid and natural viewpoint, when it’s just not. In an environment with the right rules and basic fairness and decency you can absolutely tell most people to do something not for their own benefit because it’s for the public good, for your country, for your patients, and most people will be quite happy doing that.
That gives cover to the few percent of people who are eternally greedy, see nothing but materialism, the “sociopaths” and narcissists and narrow minded ideologues. That really requires a kind of reconstruction.
We need to specifically start thinking and talking about politics and business as systems that must be safeguarded against excess, and actively prevent people who care about nothing but money or power from advancing.
And specifically because of climate change we need to start thinking about a plan. Because it’s an emergency similar to a war “all or nothing” economy we need to create a “limited planned economy” for certain sectors and allow for eminent domain to transfer sectors into public hands - at least for sectors that you can’t reasonably assume they can be induced with market regulations and things like carbon taxes. Because capitalists will always game the system and maximize profit. That has to be understood and CEOs put in charge that understand that besides profit, they are not to oppose regulations or rules of the game set by society.
I’d be very curious if you think conservatives in the GOP could be convinced by any of this?
The main problem I have with my party is they are not for things as much as they are against what the other side wants to do. That to me is annoying as hell. It’s not longer both sides submitting ideas and working towards a middle, it is Democrats throwing out items and the Republicans just trying to block it. I want compromise. There are many things I side with the progressive on but honestly, they shouldn’t be “progressive ideas”. They should idea that both parties should support to varying degrees but as you said the paleo conservatives which I can’t argue against really. A good example is a national healthcare program and abortion. As a conservative, historically freedom of how to live your life was a core value. That should mean the Republican party should support abortion to some degree which they don’t. National Health care Republicans care just want to veto rather than work for a compromise.
The younger generation is much inline with that but the older generation, no. I think as they age out you will see a very different party. Right now we are the “MAGA” party many of them have nothing in common with the Republican party and oddly seem to be religious conservatives. I would like to see a purge of the religious conservatives from the party as part of our healing process. Get back to the true roots of conservatism and not this overly religious, idiotic version we have now.
It is frustrating when you have the average person claiming the climate isn’t changing. It is something we can watch in our own lifetime. The first step is to get them admit something is different which has been next to impossible to do. I honestly am not sure if it’s a cycle or do to man-made activity and I don’t think the debate is important when we can’t even get people to accept, the climate has changed. I look forward to a less polluted planet. I don’t care if it’s a cycle or man made, I think less pollution is good either way. You see that attitude in younger republicans but the older ones will drive ICE Trucks just because the Democrats want them to go electric. That in a nutshell the problem with the party. It isn’t about being for something as it is against something.