Another Europe News
Capitalism as we know it is over, so what comes next? | My Wildest Prediction with Varoufakis
It’s the most wonderful time of the year for retailers. With Christmas around the corner, shopping soars: groceries and drinks for dinners, toys, electronics for gifts, and clothes for events. It seems wild not to believe that capitalism is in perfect health… However, former Greek Minister of Economics Yanis Varoufakis not only believes it’s in decline but thinks it’s already dead. Who killed it? Well, according to him, Amazon and Alibaba, among others…
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Ukraine to buy up to 20 latest model Gripen jet fighters, Sweden to donate 16
Ukraine is largely reliant on its Western allies to down Russian missile barrages, despite having pioneered a system for intercepting long-range drones that is the envy of some of the world’s most advanced militaries.
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EU Commissioner Michael McGrath says Hungary is making “good progress” on rule of law reforms ahead of fresh talks between Budapest and Brussels.
“We will support Hungary on their path to restoring rule of law in the interests of their citizens.”
Watch #12MinutesWith today at 15:30 CET on Euronews.
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Products such as chargers and children’s toys sold on Chinese online retailer Temu are “unsafe and environmentally harmful.”
MEP Anna Cavazzini reacts on #EuropeToday to the €200 million fine imposed by the European Commission on Temu for breaching the EU’s Digital Services Act.
According to the Commission, Temu “failed to diligently identify, analyse and assess the systemic risks of illegal products being offered on its platform and the resulting harm to consumers in the European Union.”
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Another Europe News
Macron says France not informed of or involved in US and Israeli strikes on Iran
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Latest news bulletin | May 27th, 2026 – Evening
Catch up with the most important stories from around Europe and beyond this May 27th, 2026 – latest news, breaking news, World, Business, Entertainment, Politics, Culture, Travel.
READ MORE : http://www.euronews.com/2026/05/27/latest-news-bulletin-may-27th-2026-evening
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Tech EU News2 years agoeuronews U talk – Education: Balancing costs and benefits of the Bologna process
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Tech EU News2 years agoBattery power: the hunt for stable renewable energy storage
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Another Europe News2 years agoVideo: Vigilantes chase, whip women in ‘anti-prostitution’ raid on Peru night club
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Another Europe News2 years agoG7 summit looks to bolster recovery – economy
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Tech EU News2 years agoHamas elects Yahya Sinwar as Gaza leader
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Sports EU10 months ago
🏴 EFL CHAMPIONSHIP STADIUMS 2025/26
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Sports EU2 years ago
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Fashion2 years agoGo Behind The Scenes with Vanessa Hessler for Clips Fall/Winter 2012-13 Campaign Shoot | FashionTV
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Sports EU2 years ago
Miedema strikes to get Arsenal back on track ⚡ | Arsenal 1-0 Everton | WSL highlights
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Sports EU2 years ago“There’s got to be a clear-out” 😤 | What’s next for Rangers after Celtic defeat?
@LouisHCampagna
February 10, 2024 at 12:34 pm
To the interviewer: keep your day job.
@manikandangovindarajan8930
February 10, 2024 at 12:34 pm
Can I put it this way
Walking in a newyork city waking Anology
Is it like waking with a VR gogole and waking in the city as if I am hijacked by this technology gadget it knows me and guide me in a nice way blind me and it decide on behalf of me
@jessicacrumpton7093
February 10, 2024 at 12:34 pm
He just won’t stop making noise. If he took one college level journalism class on interviewing people he’d be quiet instead of saying mmmhmm and ok, and then arguing he’s intelligent about technology. Listen instead of waiting to say something just unprofessional, too bad real journalist don’t want to spread the truth.
@ngpi
February 10, 2024 at 12:34 pm
see how Amazon starts charging for the use of IPv4 addresses per hour, to enforce the use of IPv6
@mrgooakalegooster
February 10, 2024 at 12:34 pm
Besides his quavering voice, his lack of depth, Tom is like an annoying kid! Not smart! Not good enough to be an interviewer of a man of this caliber!
@niccoloricardi4827
February 10, 2024 at 12:34 pm
oh my goodness, what a tool the interviewer is. Regurgitating random buzz/key words (AI, blockchain, etc…) to Yanis who always turned his dull questions into reasonable answers.
Kudos to Varoufakis (and not Varouflakis as the interviewer called him twice) for keeping his composure. The things he does to diffuse knowledge, uh
@dimitrijus83
February 10, 2024 at 12:34 pm
the host is so annoying. not because of his opinions, but because of his manner of conduct. "yeah, yeah, ahahahahahah, yeah yeah ahahahahahaah", just shut up while your guest is talking. Don't interrupt all the time even with "yeah ahhaah". makes this wonderful interview very difficult to listen
@saramuhumphries9225
February 10, 2024 at 12:34 pm
👍💐
@melmayne6744
February 10, 2024 at 12:34 pm
What a load of nonsense Yanis you old Marxist. You only have one lens and you would benefit from a visit to Specsavers.
@dgrigoroiu
February 10, 2024 at 12:34 pm
How well does mr Massimiliano Allegri talk in English 😮
@retrolofiradio66
February 10, 2024 at 12:34 pm
Great guest, wrong interviewer for the subject.
@chaitanyakindler8027
February 10, 2024 at 12:34 pm
He comes out as a staunch believer in technology ("addicted to Apps"), the pharmaceutical mafia, the CO2 climate-hoax and the new church, labeling itself "science".
I used to adore Varoufakis as an independent mind. After this video i have to withhold vomit and with determination abandon my support for this mediocre system-puppet.
@sansarmedia1946
February 10, 2024 at 12:34 pm
Mr Bezos takes everything. Not just 40 percent. At least he's been robbing me since 2011 and hasn't paid me a penny for my book. Which sells 50 to 100 copies per day according to Amazon's own rankings.
@jaysphilosophy1951
February 10, 2024 at 12:34 pm
Your data should be yours and you should get paid for it. Currently, you don't own anything about yourself online. So it is like Yanis says, only worse….. Governments no longer need to inform you (through a warrant) to access your data. This could be anything. Photos of your family, your opinions, your views, pretty much anything is subject to a browsing snoop keeping tabs on you because you said something online that they find distasteful…… That is the worse part.
@Kisaragi_desu
February 10, 2024 at 12:34 pm
Yas yas yas yes yes yah yes yeah yes yeah yas yeas yeah yes yeah yas yas yas
@michaelking8903
February 10, 2024 at 12:34 pm
Globalism is finished. Capitalism will never die.
@marcuschalkley2355
February 10, 2024 at 12:34 pm
Wow this guy just knows everything 😮and everything 😮
@elijahhernandez9324
February 10, 2024 at 12:34 pm
Goodness gracious this host is TERRIBLE !!
@NightfallGemini
February 10, 2024 at 12:34 pm
lol. lmao
like pearls before swine. this interviewer sucks.
e: oh the interviewer is a techno-optimist. lmao you have a techbro know-nothing interviewing varoufakis??? embarrassing
@wiktorm9858
February 10, 2024 at 12:34 pm
Internet is like an ocean, where there is one navy winning. It allows for monopolies creation.
@blakewalters6885
February 10, 2024 at 12:34 pm
The dude conducting this interview is surely an idiot.
@macgp44
February 10, 2024 at 12:34 pm
First time I've seen this interviewer, Tom. Not impressed. He doesn't know enough to counter Yanis' economic arguments. Just another techno-optimist simpleton.
@luguy8347
February 10, 2024 at 12:34 pm
Socialization is conditioning our thinking. We will become an algorithm. I guess we have always been a number, nothing of consequence. I agree, gloomy.
@Red-ne6ih
February 10, 2024 at 12:34 pm
Authoritarianism comes next so get ready for global technocracy communism
@randiclark1
February 10, 2024 at 12:34 pm
“War does not help the climate, in the slightest”. Even an idiot can see this fact.
Interesting topics!
@stonythewoke9921
February 10, 2024 at 12:34 pm
lol you gotta love the endearing naivety of the interviewer, constantly asking how technology will bring is out of this mess, not even remotely understanding what is being discussed 😀 he is so cute
@stonythewoke9921
February 10, 2024 at 12:34 pm
Cant even spell his name lol
@geraldcoffey3303
February 10, 2024 at 12:34 pm
Socialization of technology ❤
@russv.winkle8764
February 10, 2024 at 12:34 pm
Interviewer is a total dickweed, Varoufakis has some interesting ideas tho
@edwarding4355
February 10, 2024 at 12:34 pm
I think it maybe be hard to understand V. There is financial profit and economic profit and economic rent. So financial profits are economic profits and economic rents. The efforts and energy invested by these new companies is to capture economic rent not create economic profits. It is the financialization of the economy. The proportion of resources used to produce real life enhancing goods and services to people is dropping in the proportion of resources used to fish for economic rents.
@thebookkeeper8404
February 10, 2024 at 12:34 pm
DICTATORSHIP OR DEMOCRACY. YOUR & YOUR FAMILY & YOUR FRIENDS' VOTE WILL DETERMINE IT.
CANCER has turned into a chronic long term disease – perhaps because Obamacare now disallows NOT covering PREVIOUS conditions???? Notes from a 2 X survivor.
@alicapwn
February 10, 2024 at 12:34 pm
Like the split screen view
@frankscott1708
February 10, 2024 at 12:34 pm
I see all the previous commentors are as aghast at the interviewer's lack of depth as I am. I find this reassuring. Yanis doesn't have a reputation of being an especially unwieldy guest. This has got to be one of the most one-sided amateurish interviews of him ever.
@spicer41282
February 10, 2024 at 12:34 pm
🎯 Key Takeaways for quick navigation:
🔄 Janis Varoufakis argues that capitalism has already ended, replaced by a form of technologically advanced feudalism.
💻 Traditional markets are being replaced by platforms like Amazon, which accumulate wealth through rent rather than profit.
🛍️ Cloud capital, a new form of capital, emerged about 10 years ago and resides in digital assets like Alexa or Google Assistant.
📊 Cloud capital leverages data to modify behavior and extract rents, bypassing traditional market mechanisms.
💰 The concentration of income in the hands of cloud lords, those who control cloud capital, is exacerbating global inequality.
🌐 Companies like Amazon and Alibaba manipulate algorithms to control buyer-seller interactions, resembling a Soviet-style economic system.
🤖 Varoufakis contends that technological solutions alone cannot address societal problems; political and social interventions are necessary.
📉 Despite claims of democratization, Varoufakis argues that technology has intensified wealth concentration, with a few entities like BlackRock owning a vast majority of companies
💼 Capitalism's current form provides opportunities but leads to dependence, akin to feudalism.
📡 Technology enables widespread broadcasting and commerce, but concentration of power undermines freedom.
🤖 Concerns about algorithmic persuasion and ownership of algorithms controlling billions.
💰 Economic energy increasingly siphoned off as rents, leading to inflation and discontent.
🌍 AI has potential in education but won't solve systemic issues of concentrated power.
🔍 Need to discern beneficial uses of technology while being vigilant against its misuse.
🌱 Climate crisis exacerbates consumerism driven by algorithms, necessitating systemic change.
🛠️ Suggestions include ending free services, implementing micro-payment systems, and restructuring corporate ownership for equality and accountability.
Made with HARPA AI
@spicer41282
February 10, 2024 at 12:34 pm
Cringe worthy Interviewer and Interview. Instead of insights? We got garbage.
@owl6218
February 10, 2024 at 12:34 pm
if the interviewer has counter points to raise, he should create the pause in the conversation to say it…not behave like a competitor
@owl6218
February 10, 2024 at 12:34 pm
i have never seen such an in ill disciplined interviewer. when is speaking whole sentences alongside the guest…it appeared to be a technical glicth in the beginning…
@rubenweil832
February 10, 2024 at 12:34 pm
Socialists seem to love the idea of a climate crisis. Socialist love to school everybody. Socialists own the only true view on the world!
@owl6218
February 10, 2024 at 12:34 pm
the interviewer does not appear to be listening to the guest…
@Appleblade
February 10, 2024 at 12:34 pm
Amazon always tells you what products are best sellers, which differs from their 'recommended' products. Then it appears competitors are ranked by some mix of low price and popularity. There is ample space provided the cloud lord to do your best marketing / hard sell of your products virtues… so I often buy something far down the list, not recommended, not the cheapest, but more appealing to me. Amazon takes my choice and, I think, learns about me and that affects it's rankings for similar items the next time I log in. Those facts work against Yanis's depiction of this system as Feudal rather than Market based. Still a capitalist system, I think… and especially so as Walmart and Etsy and all the other options present competition among the cloud lords that was absent among landlords.
@toyotaprius79
February 10, 2024 at 12:34 pm
Interviewer was an insufferable gobshite, exactly what Euronews wants
@toyotaprius79
February 10, 2024 at 12:34 pm
Greece, Ireland, Portugal, Italy. Proof that the legacy of Austerity and preseving capitalism has only eroded at civil society and creating fertile ground for fascism for the preserve of wealth transfer
@Appleblade
February 10, 2024 at 12:34 pm
"Cloud Lords" … I'll never hear landlords the same way again. lol But besides that, what a great new term / concept!
@usmannikki
February 10, 2024 at 12:34 pm
ДРУЗЬЯ МЫ ЗА 30 ЛЕТ МНОГО ОШИБКИ ДОПУСТИЛИ ЭТО НАМ УРОК. БУДОШЕМ ДОЛЖНЫ БЫТЬ ОЧЕНЬ ОСТОРОЖНЫ ВАВСЁМ, НАЧИНАЯ ОТ СОСЕДЕЙ И ДО ВСЕГО. ИЗУЧИТЕ БЫТЬ И ПРАВИЛА НАШЕИ СОЦИУМА , БУДТЕ УМНЕЕ, ЧЕСТНОЕ ВОВСЕХ ДЕЛАХ. СВОБОДА ЭТО ОТВЕТСТВЕННОСТЬ ПЕРЕД СОБОЙ И ЧЕЛОВЕЧЕСТВОМ, НЕ МНЕ ГОВОРИТЬ ОБ ЭТОМ МНОГИЕ УМЫ 🧠 ЕСТЬ ЛЮДЕЙ ЗНАЮТ ЧТО И КЧЕМУ ГЛАВНОЕ ЧЕСТНОЕ ОТНОШЕНИЕ К СЕМУ ЧТО МЫ, ВЫ ДЕЛОЕМ ПО ЖИЗНИ. ДРУЗЬЯ ЗАКОН ⚖ И ПРАВИЛА ДОЛЖНЫ БЫТЬ ПРОЗРАЧНЫМИ. СПАСИБО ВСЕМ.
@LaKatalina
February 10, 2024 at 12:34 pm
The interviewer is totally unqualified —
@gregjones8412
February 10, 2024 at 12:34 pm
The interviewer oozes self-satisfaction with absolutely no justification whatsoever.
@lulloa47
February 10, 2024 at 12:34 pm
Mr. Varoufakis should choose better the outlets to share his “gospel”. This time it was a complete mismatch.
This interviewer is a disaster.
@bugsymalone1660
February 10, 2024 at 12:34 pm
Yanis is one of the more deceitful movers & shakers of this time, he’s pretending to talk about the future but he well knows that we have been living under the tyranny of those who see the world as he does for a few decades at this stage.
@PaulHirsh
February 10, 2024 at 12:34 pm
Yanis is such a grouch. Dream on!