[[ Read Reading ]] Talking to My Daughter About the Economy: A Brief History of Capitalism [Lingua inglese]Author Yani Varoufakis – Carcier.co

Clever and, despite being written for a 14 year old, not the least condescending.If other academic economists wrote as clearly, politicians would have less excuse to mess things up. I bought this book as an admirer if Varoufakis, but with a limited understanding of economics I feel like I grasp the basics a bit better now, but may need to give it a second read to really let it sink in This isn t really a reflection on the book being difficult or complex I think my brain struggles to take on board theoretical concepts which, as Varoufakis opines, are what economics is constructed of Or at least that was how I understood it This was still an interesting read and underlined how truly intertwined the political world is with the economy Recommended. This is a vivid and captivating account about the history and the state of capitalism YV explains how from a state of serfdom where capitalism is unknown we have arrived at the state of the world economy today He explains how the creation of surplus leads to unequal distribution, sowing the seeds of inequality The story of how from a state of serfdom came the market economy is interesting.From the creation of market economy which, he explains, is different from the market we have debt and profit, and the rise of global trade The development of bigger and bigger market economies gave rise to banking and how bankers create money out of nothing simply by typing the amount of loan required, and the borrower finds herself with the money she sought He tells us about the black magic of banking that destabilizes market economies by massively amplifying wealth creation in good times, and destroying wealth in bad times.YV explains the politicizing of money and how Bitcoin hopes to rectify the problems arising from such a system by depoliticizing money but he warns of the dangers that lie ahead with the fixed amount of cryptocurrencies in the future should there be a financial crisis there would be no means to produce money to stimulate the economy.What makes this book so interesting is the way YV weaves literature into his explanations He uses The Grapes of Wrath to explain why when there is a slump and there are starving people yet farmers are destroying excess crops in the hope of boosting the rapidly falling prices He uses Marlowe s Dr Faustus, and Goethe s Faust to illustrate the nature and problem of debt He uses The Matrix and The Blade Runner to explain the rise of technology and the implications that has for us.It is important to read the whole book carefully so that we can fully appreciate the solution YV proposes in his chapter, Stupid Viruses In theory it is hard to argue against it, but he has a problem how do we rid ourselves of greed and politicians One is bad enough, but the two go together We have a problem. didn t realise before I bought it that the book has a beautiful aesthetic The hardback has a cloth like texture, and the book has an attached bookmark one chapter down, and so far I can say I am A really charmed by the writing technique of this author communicating as though he were talking to his teenage daughter It s just enough without getting gimmicky or old It s actually quite sweet.B speeding through it The author has a style that is notably clear and straightforward and, at the same time, gripping in a way that draws you in to find out what s going to happen next I m serious It s kind of a page turner about economics C learning lots The content covers fundamental facts and arguments about economics and history and patterns of human behaviour It weaves together information I am already familiar with, and perspectives and details that are refreshingly novel to me, in a way that teaches and compels to keep galloping through the book The author is one heck of a talented storyteller I respect that he is open about his points of view, and neither tries to hard sell them or tries to cover up that they exist in order to appease any subsets of readers.Overall an impressive book Topical, informative, and a welcome escape from otherwise reading the hysteria of current day news A good general introduction to economics and how the international economy works Not a text book style but as the title indicates, of a conversational and discursive approach, from quite a left and critical perspective I read it after enjoying Adults in the Room and it reflects the same approach to economics I would recommend it to anyone wanting an overview or an introduction to economics I found it fairly easy to read with useful examples and comparisons which made the concepts being explained much clearer than the usual text books My only reservation is I think a reader would need to read widely to get mainstream views although these are readily available in the papers. The headline above is a big claim for a relatively small book.But I think it is justified.It is directed at the author s teenage daughter It is is accessible but never patronising.Strongly recommended. I read this book because I have seen Yanis Varoufakis interviewed many times and he always presents a highly articulate voice in favour of a balanced economic model But this book is terrible.It is presented as a response to a question supposedly asked by his teenage daughter who lives in Australia as to why the distribution of wealth is so unfair Varoufakis uses this as a mechanism for a narrative so condescending that it will make any reasonably intelligent reader vomit He explains the evolution of capitalism as though the reader is five years old and in such tedious way that any toddler would be instantly bored He repeatedly uses a mechanism where once he has completed one aspect of the discussion and wants to move on he imagines his daughter asking another question that leads his next argument, Ah, I hear you say but what about This is an unforgivable exploitation of his daughter s identity If I were her Australia would not be far enough away from such a father.Worse than this is Varoufakis economic theories and explanations themselves He uses the fact that he is supposedly explaining to a teenager to offer patronisingly simplistic arguments.International wealth distribution is entirely due to luck, accidents of geography and military might It is never due to hard work or enterprise Distribution of wealth within a nation is due to luck and oppression by a rich minority Greece is not relatively poor because of profligacy and lack of industry, but presumably due to some other factor that makes it different from Italy or Spain According to Varoufakis government debt is fantastic because they use it to build roads and houses and rainbows But it is totally unfair that evil bankers want them to repay it when the government have done the bankers a massive favour by borrowing it in the first place.Varoufakis solution to inequality is economic democracy The simple unchallenging format of the book allows him to ignore issues such as what if the 51% majority simply voted to abolish their own debts or economically oppress or even economically enslave the other 49%.The book is an insult to the intellect of the reader and that of Varoufakis daughter. Great book Clear description of the way the economy works , the problems and looking ahead to potential solutions Written as an account for his teenage daughter but also serves as an excellent account for the layman Something that everyone should read If we don t understand what is going on we don t try to change it and change is urgently needed in the lamentable state of the world A simple and yet profound analysis of the development of market societies and the flaws intrinsically embedded into them For anybody who is interested in understanding what is going in today s world. Yanis Varoufakis, the bestselling author of Adults in the Room, uses personal stories and famous myths to explain what economics is and why it has the power to change our world Why is there so much inequalityIn this intimate and accessible book, world famous economist Yanis Varoufakis sets out to answer his daughter Xenia s deceptively simple question Drawing on memories of her childhood and a variety of well known tales from Oedipus and Faust to Frankenstein and The Matrix Talking To My Daughter About the Economy explains everything you need to know in order to understand why economics is the most important drama of our times It is a book that helps to make sense of a troubling world while inspiring us to make it a better one