Special thanks to Diem25, whose insightful full video allowed us to extract this fascinating highlight from it. Find the full video here: https://www.youtube.com/watch?v=I0kvjNh7czM&t=681s
We need to be cautious of Elon Musk because he, along with other tech giants, has created a new form of capitalism—”club capital”—that replaces profit with rent and feeds parasitically on traditional capitalism and labor. This new system is not just a minor shift, but a monstrous parasite, exponentially larger than the traditional capitalist structure, with figures like Musk, Gates, and Google wielding unprecedented power over both the economy and politics. Former Greek finance minister Yanis Varoufakis offers his analysis and insights on this phenomenon.
#usa #elonmusk #capitalism #techgiants
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