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> However, Varoufakis has a point that a monopolist capitalism, enabled by technology, is not an attractive system. Not only is it not a attractive state, in t
by abdullahkhalids 3y ago
> However, Varoufakis has a point that a monopolist capitalism, enabled by technology, is not an attractive system.
Not only is it not a attractive state, in the sense of the capitalistic economic system being a dynamical system, it is a attractor state [1] of the system. That is what the core of the issue is. To fix things, you can't just stay within the capitalistic system. You have to change to a different dynamic system with a different attractor state.
[1] Tongue-in-cheek pun fully intended.