Summary of Capitalism Will Eat Democracy Unless We Speak Up

TED Conferences LLC, more...

Watch the video

Capitalism Will Eat Democracy Unless We Speak Up summary
Democracy is under attack from a predatory capitalism.


8 Overall

8 Importance

8 Innovation

7 Style


Economist Yanis Varoufakis, a former finance minister for Greece, explains his quarrel with capitalism, which, he contends, is consuming and destroying democracy. The self-professed “libertarian Marxist” presents a controversial argument to reunite the increasingly disparate realms of politics and economics. While always politically neutral, getAbstract believes Varoufakis’s impassioned lecture will ignite animated debates among economists and politicians.

In this summary, you will learn

  • How capitalist forces are destroying democracy
  • Why capitalism enables “gross wastefulness,”
  • What society can do to preserve democracy and ensure a better future


Westerners assume democracy is indestructible and unchanging, but it is fragile. They also believe that capitalism always leads to democracy. But in Singapore and China, thriving capitalism has not spurred such political change. In Europe, democracy is waning, and without it, society grows less civil...
Get the key points from this video in less than 10 minutes. Learn more about our products or log in

About the Speaker

Economist and professor Yanis Varoufakis is a former minister of finance for Greece.

Comment on this summary

More on this topic

Customers who read this summary also read

More by category