Varoufakis on contemporary capitalism’s preposterous reversal of the truth

This isn’t a new idea but I’ve rarely encountered it expressed so concisely:

The idea that individuals create wealth and that all governments do is come along and tax them is what Varoufakis calls “a preposterous reversal of the truth”.

“There is an amazing myth in our enterprise culture that wealth is created individually and then appropriated by the state to be distributed.

“We are conceptualising what is happening in society as if we are an archipelago of Robinson Crusoes, everybody on an island, creating our own thing individually and then a boat comes along and collects it and redistributes it. It’s not true. We are not individual producers, we produce things collectively.”

He points to an iPhone.

“This machine, inside of it, contains technologies that were created collectively. Not only through collaboration but a lot of public funding. Every single technology in there was created by government grant.”

https://www.theguardian.com/world/2016/may/25/yanis-varoufakis-australias-negative-gearing-is-scandalous


Categories: Rethinking The World

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2 replies »

  1. This seems like a really interesting article and I’d love to read it but the page has expired….Is there any other link I could use?

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