Investing: Talking To My Daughter About The Economy by Yanis Varoufakis

Talking To My Daughter About The Economy: A Brief istory of CapitalismBy Yanis VaroufakisIn this letter to his teenage daughter, one of the world's most famous economists uses vivid stories to explain what economics is and why it is so dangerous. What is money and why does debt exist? Where do wealth and inequality come from? How come economics has the power to shape and destroy our lives? Economics is not a technical science, it is an epic drama: a battleground of ideas, a war between the powerful for our allegiance. In this universally accessible book, Yanis Varoufakis describes how this drama first emerged and has since come to dominate the fate of human societies worldwide. In answering all of the big questions about money and debt, power and inequality, he shows how economics has sought to solve the problems of our world but ended up being a major cause of many of them. Drawing on history and literature, science fiction and personal memories, this intimate and inspiring book shines a light for readers of all ages on some of the most bewildering questions and important challenges that humanity faces.Key TakeawaysSurplus is what made Europeans conquer Australia, and not the other way around.Having a surplus meant noting down who gets how much of it and when (creating the need for money, writing, bureaucracy).Capitalism, shows Varoufakis, is the most efficient machine ever invented for generating this surplus, though with one fatal flaw: it is structurally prone to increasing inequality, which also makes it susceptible to periodic crises.Host rating for 'Talking To My Daughter About The Economy'NicoRating: 8/10SamRating: 9.5/10Subscribe!If you enjoyed the podcast please subscribe and rate it. And of course, share with your friends! Don't Forget to leave a comment on this episode See podvine.com/privacy-policy for podcast listener privacy info. Hosted on Acast. See acast.com/privacy for more information.

Om Podcasten

Wiser than Yesterday hosts open-ended discussions, breakdowns, and summaries of the world's most thought-provoking and inspiring books.Our hosts, Nicolas Vereecke and Sam Harris digest non-fiction books from all centuries and genres. They discuss the biggest philosophical insights and practical lessons for health, wealth, wisdom, and happiness.This podcast is here to help listeners become smarter. To learn about new ideas and to gain more perspectives on the books and ideas they are familiar with.Each season we tackle a new field and read the best books on a given topic such as racism, startups, stoicism, or personal finance. We cast a wide net to summarise all sides of opinions in an area to come to a wider understanding of the topic at large as well as help listeners navigate the different opinions and ideas they haven't heard of.We dive into topics such as philosophy, business, equality, psychology, politics, economics, and who knows what else. Our goal is to simply explore the best ideas and learn new things. You're most welcome to join us for the ride. Hosted on Acast. See acast.com/privacy for more information.