Yanis Varoufakis

speaker
1,142 appearances 3 recordings 2 series first heard Jan 2026 last heard 3 May

Yanis Varoufakis’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months
1 · May OctJan 26AprJulnow

Recordings per month over the last 12 months — 3 in all, peaking in May 2026 with 1.

Appearances

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But what I think is important, that's why I wrote this book, is to say something more than that.
We have a new form of capital, brand new form of capital, all forms of capital since the inception of humanity.
as humanity.
We produce means of production, whether it's a fishing rod or a plow or an industrial robot.
It's a machine, a tool that you produce, not because you want it, but to produce something else with it.
Produce means of production.
But what lives in our tablets and our phones and so on, you know, Amazon.com and Uber and so on, they're not means of production.
They are produced means of behavioral modification.
So, you know, what Google does and what Uber does and so on, it doesn't produce anything.
When you go into Amazon and you buy an electric bicycle, Amazon didn't produce it.
It operates like supposedly a marketplace, but it's not a market because the moment you enter Amazon, you exit the marketplace.
You enter something resembling a Soviet planning system where an algorithm matches you with some seller.
You have no capacity to talk to anyone.
It's the Gosplan system of the Soviet Union, except it's owned by Jeff Bezos.
And what does he get?
40% of everything you pay.
So he's getting not ground rent, but cloud rent.
So if I'm right that this is a new form of capital, which is destroying markets and replacing them with these cloud fiefs, like Amazon, Alibaba, and so on,
And then profit shrinks, because if you're the producer of the electric bicycle, your profit goes away.
And it becomes a form of rent.
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