Profits have ceased to be the fuel of the economic system; central bank money is now the fuel, and without central bank money the entire system collapses, even for profitable sectors like big tech which are squeezing out other sectors

causalpending

Speaker

Yanis Varoufakis

Evidence Quote

profits have ceased to be the fuel of the economic system we have it is central bank money now without central bank money the whole thing collapses [8:50]

Source

Can we Fix Capitalism? Yanis Varoufakis vs Gillian TettIntelligence Squared
Created: 8/12/2026, 10:33:04 PM

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