“#Capitalism is not the natural evolution of the highest form of the free market. It is the free market’s shadow, ghost” On this episode of The Econoclasts Yanis Varoufakis debunks the myth that capitalism is synonymous with free markets, by contrasting Western state-protected monopolies like SpaceX with China’s highly competitive, state-guided economic model. Listen to the full episode of The Econoclasts at the link in the bio. #China #ElonMusk #US #Politics
Capitalism always trends toward monopoly and stated the invention in favor of big business, not against big business, especially when the market t...
