Capitalism Ending the state vs market myth The debate about the relative roles of the state and the market in capitalist economies tends to swing from side to side in the hearts and minds of public opinion: periods when the state is defended for its role in economic development are always superseded by an attack on its intervention into ‘well functioning’ markets.
Ioannis ” Yanis” Varoufakis ( Greek: Ιωάννης Γεωργίου “Γιάνης” Βαρουφάκης, Ioánnis Georgíou “Giánis” Varoufákis, pronounced [ˈʝanis varuˈfakis]; born 24 March 1961) is a Greek economist, academic, philosopher and politician. He has been Secretary-General of MeRA25, a left-wing political party, since he founded it in 2018.
Have you wondered why politicians aren’t what they used to be, why governments seem unable to solve real problems? Economist Yanis Varoufakis, the former Minister of Finance for Greece, says that it’s because you can be in politics today but not be in power — because real power now belongs to those who control the economy.