Varoufakis: Capitalism has already ended and we don’t even know it

Varoufakis: Capitalism has already ended and we don’t even know it

Speaking to Euronews after his panel at Web Summit Qatar, the former Greek finance minister said the world could be heading toward another crisis like 2008, driven by the rise of stablecoins and powerful tech platforms.

Capitalism has already ended and we don’t even know it, Yanis Varoufakis warns

Published on 02/02/2026 – 16:51 GMT+1 Capitalism has already ended and the world has entered an era of “techno-feudalism” where big tech companies wield unprecedented power over human behaviour, former Greek finance minister Yanis Varoufakis said. Speaking to Euronews after his panel at Web Summit Qatar, where he delivered a stark warning about the state of the global economy, Varoufakis said debates about capitalism miss the point. “Capitalism…