How the Left Destroyed Itself (w/ Yanis Varoufakis)

Yanis Varoufakis argues that the left, originally focused on liberation from economic and social oppression, gradually abandoned its commitment to freedom. Instead, different factions of the left prioritized state-controlled equality (in the East, e.g., USSR, China, etc.) or social justice within capitalism (in the West, e.g., social democrats in Germany, Britain, etc.), both at the expense of true emancipation.

Key points:

  • Early leftist movements, including Marxism and feminism, were primarily about freedom from exploitation, not just equality or fairness.
  • The 1914 split between pro-Soviet and social-democratic factions led to both sides abandoning their original commitment to freedom.
  • The Soviet Union’s central planning (Gosplan) aimed to replace markets but ultimately mirrored corporate algorithms like Amazon's, except optimized for party control rather than private profit.
  • Western social democrats accepted capitalism’s dominance but sought to redistribute wealth rather than challenge economic power.
  • With the left abandoning the cause of freedom, libertarians co-opted the concept, reducing it to corporate and market freedom rather than human emancipation.
  • Yanis calls for the left to reclaim liberation as its core goal, rather than settling for managed capitalism or authoritarian egalitarianism.


In essence, the argument is that the left lost its way when it stopped prioritizing freedom and became focused on either state control or market-based social justice, leaving libertarians to hijack the idea of liberty.

Support Chris Hedges' independent journalism on Substack: https://chrishedges.substack.com/ 

Part 2: Watch the full episode: Technofeudalism: What Killed Capitalism (w/ Yanis Varoufakis) 

FILMS FOR ACTION IS NOT FOR SALE
Keep us ad-free and independent for $5/month. Patrons gain access to 50+ exclusive films. Subscribe here.
Politics Explore All
Films That Show Humanity Can Live In Harmony with the Earth
Trending Videos Explore All
Trending Articles Explore All
Recent Documentaries Explore All
Video Deep Dives Explore All
What People Are Watching Now
Deep Reads - Get Cozy and Dig in
Recently Added
Support independent media that amplifies real voices and movements. 



Subscribe for $5/month to become a patron and watch over 50 patron-exclusive documentaries.

Share this:

Share