TED: Capitalism will eat democracy -- unless we speak up | Yanis Varoufakis

TED: Capitalism will eat democracy -- unless we speak up | Yanis Varoufakis

Assessment

Interactive Video

Business, Architecture

11th Grade - University

Hard

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The speaker discusses the fragility of democracy, challenging the assumption that capitalism naturally leads to democracy. He highlights the 'twin peaks paradox' of debt and idle cash, arguing for the reunification of political and economic spheres to prevent economic crises. The speaker envisions a future where democracy is authentic and technology serves humanity, contrasting a potential utopia with a dystopia. He reflects on his experience as Greece's Finance Minister, emphasizing the need for reform in the Eurozone to prevent its collapse.

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4 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the implications of the speaker's critique of capitalism on the future of democracy?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

In what ways does the speaker propose to reconfigure the economic and political spheres?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

How does the speaker view the relationship between technological innovation and economic demand?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the speaker's perspective on the potential future of the Eurozone?

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