Capitalism is ending because it has made itself obsolete, former Greek finance minister Yannis Varoufakis says

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Exclusive: Former economics professor says rise of artificial intelligence will spell end of neoliberal system

Former Greek finance minister Yanis Varoufakis has claimed capitalism is coming to an end because it is making itself obsolete.

Yanis Varoufakis 2b Getty LLLLThe former economics professor told an audience at University College London that the rise of giant technology corporations and artificial intelligence will cause the current economic system to undermine itself.

Mr Varoufakis, who took on EU institutions over Greek debt repayments in 2015, said companies such as Google and Facebook, for the first time ever, are having their capital bought and produced by…

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