One issue with the more traditional marxist point of view is that it tends to treat "capitalism" as a permanent, monolithic entity. The capitalism that Marx obs

One issue with the more traditional marxist point of view is that it tends to treat "capitalism" as a permanent, monolithic entity. The capitalism that Marx observed in places like Manchester in the XIX century effectively fell a long time ago, along with the British empire and the steam machine. If one wants to translate Marx's principles to the modern world, a very critical eye is needed. I believe that is what Varoufakis is trying to do here.