2021 is analogous to the 1790s when Adam Smith was writing—capitalism is a small pocket emerging within feudalism that will eventually dominate, just as capitalism is now emerging within and overthrowing itself to create techno-feudalism, which will eventually supersede capitalism entirely

forecastpending

Speaker

Yanis Varoufakis

Evidence Quote

i think that 2021 is a little bit like the 1790s when adam smith was writing...capitalism is overthrowing itself in the same way that feudalism overthrew itself [4:38]

Source

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

My Notes

Loading notes...