The end of capitalism with Yanis Varoufakis

Capitalism is dying, but not in the way you might think.
That’s the argument of academic economist and former Greek finance minister Yanis Varoufakis, who proposes capitalism has mutated into a far more sinister, feudal system on the back of sophisticated algorithms and big tech.
On this episode of Follow the Money, recorded live at the State Library of NSW, Varoufakis speaks with the Australia Institute’s Ebony Bennett and Stephen Long about his proposition and his new book, Technofeudalism.
This episode was recorded on Tuesday 12 March.
Guest: Yanis Varoufakis, Secretary-General of Democracy in Europe Movement 2025 and former Greek Finance Minister // @yanisvaroufakis
Host: Stephen Long, Senior Fellow and Contributing Editor, the Australia Institute // @StephenLongAus
Host: Ebony Bennett, Deputy Director, the Australia Institute // @ebony_bennett
Producer: Jennifer Macey // @jennifermacey
Additional editing: Emily Perkins
Theme music: Pulse and Thrum; additional music by Blue Dot Sessions
Between the Lines Newsletter
The biggest stories and the best analysis from the team at the Australia Institute, delivered to your inbox every fortnight.
You might also like
American non-democracy with Yanis Varoufakis
Former Greek Finance Minister Yanis Varoufakis joins us to talk about the presidential election, Joe Biden’s foreign policy legacy and the future of America’s role in the world.
Manifest destiny
We discuss US tariffs against its three largest trading partners, the political battle over who gets to be American, and Trump’s imperial ambitions.
Submarines are not security | Between the Lines
The Wrap with Dr Emma Shortis What Australia does matters. We tend to think of ourselves as not having much influence or power in the world, but that’s not true. We’ve led the world on many things – including in our contribution to climate change. While leaders of Commonwealth countries met in Samoa for CHOGM,