Socialists periodically predict the downfall of capitalism, but each decade the coffin remains empty. In his new book, Yanis Varoufakis – the former Greek finance minister, game theorist and “erratic Marxist” – offers a twist on this familiar narrative. Capitalism, he writes, has already died – we just failed to notice.
“It does demonstrate the failure of the left because we used to think that organised labour would overthrow capitalism,” Varoufakis, 62, told me when we met recently in central London. “But it turned out that it was another artefact of capitalism that overthrew it – and that’s capitalism itself.”
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