
Imagine a world with no banks. No stock market. No tech giants. No billionaires. Imagine if Occupy and Extinction Rebellion actually won. In Another Now world-famous economist Yanis Varoufakis shows us what such a world would look like. Far from being a fantasy, he describes how it could have come about - and might yet. But would we really want it? Varoufakis's boundary-breaking new book confounds expectations of what the good society would look like and reveals the uncomfortable truth about our desire for a better world...
Also, “Another Now” by Yanis Varoufakis is very explicit in a path to a better future.
Coming to your question, to regulate or not to regulate [3]. I come from the very far left field (pun intended). The most different approach that I've seen recently, one which could maybe move the world in a significant way, is the financo-fiction detailed in Yanis Varoufakis' Another Now [4]. One of the more radical proposals from the book is that the persons starting a company should have only one share each: more of a library card system than a market. In another presentation, Varoufakis says something along the lines: compounding interest becomes a tool of exploitation when the poor are forced to borrow more and more from the rich which only get richer. Therefore, no, I am against the status quo as much as you can get, and although I am not an optimist, I believe it is up to us to decide in what kind of world we want to live and what kind of future we want to nurture.
[1] https://worldpopulationreview.com/country-rankings/largest-a...
[2] https://wordhistories.net/2019/08/23/how-many-divisions-pope...
[3] I asked ChatGPT to make a poem starting from Shakespeare's verse:
"To regulate or not to regulate, that is the question asked,
Whether 'tis nobler in the realm of finance to keep markets free,
Or to take action against the sea of risks and save us from a crash.
The pitfalls of speculation oft bring economic pain,
Should we not protect, regulate, and keep it in check to gain?
The choice is ours, the consequences dire,
Let us ponder, deliberate and make a wise decision, not retire."
[4] Varoufakis presentation https://www.youtube.com/watch?v=bJKHWrs4h5w, in depth explanation https://www.youtube.com/watch?v=sNfvR0lwP4QResource 1 by me: https://vladh.net/alternatives-to-wage-labour
Resource 2 by Yanis Varoufakis: https://www.goodreads.com/book/show/49098225-another-now
More resources: https://vladh.net/wage-labour-resources
Actually quite some interesting thoughts within this book.
>Towards the end of Technofeudalism, Varoufakis canvasses some proposals, drawn from his earlier book Another Now (2020), for how to address these issues. These include ending the cloudalists faux “free service” model and replacing it with a universal micro-payment model, instituting a Bill of Digital Rights, and using digital technology to “democratise companies” (with decisions being taken collectively by “employee-shareholders”)
employee owned coops are a major socialist idea, and are a definitive step away from privately owned capital, toward collectively owned production by the employees (proletariat, if you will).
so, yes. he does. in this article.