Video Duration 25 minutes 25 seconds
From: UpFront

Yanis Varoufakis: Capitalism has become ‘techno-feudalism’

The world-renowned economist explains how tech companies and the pandemic have made the rich richer and poor poorer.

A recent Oxfam study found that since the start of the coronavirus pandemic, the world’s richest 10 billionaires have seen a wealth increase of half a trillion dollars – enough to pay for every person on the planet to get a vaccine.

In this UpFront special, Marc Lamont Hill discusses with economist and former Greek Finance Minister Yanis Varoufakis what is driving the staggering wealth inequalities and how governments are offering socialism for the rich, and austerity for the rest.