Talking to My Daughter About the Economy: or, How Capitalism Works—and How It Fails

Talking to My Daughter About the Economy

or, How Capitalism Works—and How It Fails

2013 • 224 pages

Ratings21

Average rating4.4

15

How economic surplus jumpstarted the economy and inequality, how the labor market was created, how we evolved from societies with markets to market societies, how debt is what fuels profit seeking, how banks profit from bubbles and never pay for their faults, how increased automation would trip on less purchasing power, all the way up to the great debate if commodification of everything or democratization of everything (money, the environment) would solve all our worries.

Varoufakis addresses this engaging tour of the history of the economy and capitalism at his then-adolescent daughter. It's lucid, yet not oversimplified, I've learned a lot, and still think, I should probably revisit it again.

February 28, 2021Report this review