Today on The Econoclasts, Yanis Varoufakis and Wolfgang Munchau shatter the foundational myth that capitalism is synonymous with free markets, exploring the cozy relationship between big business and the state, and questioning whether the ‘free market’ is just an ideological smokescreen. Is the system secretly designed to secure monopoly power, and will AI be a force for true competition, or will it be the ultimate weapon for existing tech giants to solidify their control forever?
The Econoclasts is the podcast from UnHerd in which Yanis Varoufakis and Wolfgang Munchau each week pick pillars of the economic orthodoxy – so-called ‘settled facts’ – and shatter them. Why? Because, while they don’t always agree politically, they’re united in one conviction: the consensus is rotten and the establishment’s model is failing.
//TIMECODES//
00:00 – 01:24 – Introduction
01:24 – 06:54 – The truth about capitalism
06:54 – 13:40 – The case for privatisation
13:40 – 25:05 – Is monopoly possible in AI?
25:05 – 25:37 – Closing thoughts
Credit to : UnHerd