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Quote by Yanis Varoufakis

“That a system evolved in a given environment only proves it’s best at replicating itself in that environment. […] That doesn’t make it a system that we should want to live in, nor, more importantly, is it any indication of its ability to survive over the longer term. Environments change, sometimes rapidly, sometimes because of the system’s own ill-effects. Out-competing other systems rather than living harmoniously with them can eventually be self-destructive. Viruses are a good case and point. [...] The question is not whether share-trading and capitalism have out-competed other systems up until now, but whether their effects are consistent with their hosts’ survival.”

Quote by Yanis Varoufakis

Book:Another Now: Dispatches from an Alternative Present
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Another Now: Dispatches from an Alternative Present

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Yanis Varoufakis
Yanis Varoufakis

Yanis Varoufakis is a Greek economist and politician who served as the Finance Minister of Greece from 2015 to 2015. He is known for his role in the Greek debt crisis and his advocacy for a more democratic economic system. more

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“My Uncle the Baillie was still a leading figure in the public business of Greyness; and he had in addition somehow got on to the directorate of nearly every one of the larger joint stock concerns in the place. He was chairman in one or two cases, and in every case he attended his directorial meetings with wonderful regularity. In the chair at an annual meeting he had in large measure the notable and very useful faculty of being able, when the report was unsatisfactory, to cheer the shareholders by dwelling on the fact that, if the revenues had been bad there were a number of occult circumstances discovered by the directors tending to establish the belief that that it might have been much worse. And he would group their own past figures and the figures of other similar concerns in various attitudes, either to show that the latter were in a worse plight than they; or that there was yet a deal of latent elasticity in their business. It is not needful to say that a chairman of this sort is invaluable to the undertaking that can command his services. It was indeed averred by some that my Uncle loved and cultivated his numerous directoral meetings as an easy and safe mode of earning the guinea and half-guinea fees allowed, and that for that end he would without fail put in an appearance even when he was well aware that there was no business to transact.”

Joint StockDirectorships
Book:My Uncle the Baillie
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