Friday, 9 September 2022

"The elephant in the room...is perhaps the greatest factor in determining the role of modern money.  The extractive power, exercised by elite on non-elite groups while at the same time shrouding social power in a veil of obfuscation.  Money in its various forms plays a gigantic role in this process.  None more so than the fantasy that it can be apolitical.  For as long as this continues, money will remain a rather blunt instrument, a primitive tool in the service of maintaining a primitive social order that constantly spews crisis, deepens discontent, and champions inequality.  In juxtaposition are more sophisticated tools of humans...the capacity critically to reflect on the norms that supposedly ought to govern our behavior...to question the value of money and the values of those who are besotted with it."

Yanis Varoufakis

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