Yanis Varoufakis - Capitalism will eat democracy

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An honorable member of the Coffee Shop Has Just Posted the Following:

http://www.ted.com/talks/yanis_varou...sues#t-1176246


Finally, here's someone who's saying what the SDP has been saying all this time. In his TED Talk, former Greece Finance Minister, Yanis Varoufakis, explains why Lee Kuan Yew's idea of suppressing democracy while developing the country's economy is a bad idea. He says:

"Singapore's Lee Kuan Yew and his great imitators in Beijing have demonstrated beyond a reasonable doubt that you can have a perfectly flourishing capitalism, spectacular growth while politics remains democracy free."

But he later concludes: "When you try to keep alive an economic system that architecturally cannot survive through political will and through authoritarianism, you may succeed in prolong it but when change happens it happens very abruptly and catastrophically."


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