China is winning the AI war - Yanis Varoufakis & Wolfgang Munchau | The Econoclasts

📰 Subscribe to UnHerd today at: https://bit.ly/3Qdkd5y Today on The Econoclasts, Yanis Varoufakis and Wolfgang Munchau shatter the foundational myth that capitalism is synonymous with free markets, exploring the cozy relationship between big business and the state, and questioning whether the 'free market' is just an ideological smokescreen. Is the system secretly designed to secure monopoly power, and will AI be a force for true competition, or will it be the ultimate weapon for existing tech giants to solidify their control forever? The Econoclasts is the podcast from UnHerd in which Yanis Varoufakis and Wolfgang Munchau each week pick pillars of the economic orthodoxy - so-called 'settled facts' - and shatter them. Why? Because, while they don't always agree politically, they’re united in one conviction: the consensus is rotten and the establishment's model is failing. Watch it on the UnHerd website: https://unherd.com/watch-listen/the-f... Listen to the podcast: plinkhq.com/i/1685475850 Advertise on UnHerd @ [email protected] //TIMECODES// 00:00 - 01:24 - Introduction 01:24 - 06:54 - The truth about capitalism 06:54 - 13:40 - The case for privatisation 13:40 - 25:05 - Is monopoly possible in AI? 25:05 - 25:37 - Closing thoughts Follow UnHerd on social media: Twitter: https://x.com/Econoclasts Facebook:   / unherd   Instagram:   / unherd   TikTok:   / unherdtv   #UnHerd #Capitalism #BigTech