Summer of 2020 will be remembered as the Great Decoupling – the point in time when Financial Capitalism decoupled from the Capitalist economy.

Yanis Varoufakis explains in 22 minutes what I have been trying to write about this month as part of this workshop. Something I find humbling and exhilarating at the same time!

I hinted at this phenomenon in a recent post titled Reality Has Split In Two – The Money World and the Real World. Yanis managed to summarize it in a single tweet!

Financial capitalism has decoupled from the capitalist economy, skyrocketing out of Earth’s orbit, leaving behind it broken lives & dreams. As the UK sinks into the worst recession ever, & US edges toward failed state status, FTSE100 goes up 2% & S&P500 breaks all time record!

You can get the whole story of the capitalist trajectory from the end of feudalism to the Great Decoupling in this first part of the interview

Yanis Varoufakis in Conversation with Daniel Denvir – streamed live on August 13, 2020

Here is a little index:

00:55         the Great Decoupling

10:36         from Feudalism to Capitalism

14:25         the Second Industrial Revolution

15:17         Industrial Capitalism scales – Mega Firms and Mega Banks

17:15         how money is created

18:44         after 1929 – the New Deal and Bretton Woods agreement

19:11         after 1971 – the post Bretton Woods world order

20:05         the beginning of financialization

20:51          Capitalism after 2008

22:00         The necessary transformation to post-Capitalism

Published by Marco Vangelisti

Marco Vangelisti is a 100% impact investors dedicated to shifting financial capital from Wall Street and the extractive economy towards building the world we want. He helps individual investors, family foundations and financial advisers move towards aware and no-harm investing.

3 thoughts on “Decoupling

  1. Thanks for breaking down this terrific video. Marco. I watched it also, as Varoufakis is one of the most acute economic commentators out there. Recommended!


  2. Thank you, Marco. This is an invaluable resource to get connected to other leading thinkers of our day. Your index was extremely helpful.
    Very grateful for this…

    Have you written to and/or shared some of your work with Yanis Varoufakis?

    Why or why not?
    What holds you back?
    I would put your work on par with helping folks get exposed and introduced and able to appreciate what Yanis is offering…

    Thank you. I’m so grateful for what you’re doing.


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