In August 2020, British GDP fell more than 20% (the first time in British capitalist history), but within 15-16 minutes the London stock exchange went up because market players immediately anticipated Bank of England money printing to refloat the disaster, demonstrating complete decoupling of financial markets from real economy

causalpending

Speaker

Yanis Varoufakis

Evidence Quote

gdp fell by more than 20...and yet 15 16 minutes later the london stock exchange went up [21:15]

Source

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

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