Talking to My Daughter About the Economy: or, How Capitalism Works--and How It Fails

A Junior Library Guild Gold Standard Selection In Talking to My Daughter About the Economy activist Yanis Varoufakis Greeces former finance minister and the author of the international bestseller Adults in the Room pens a series of letters to his young daughter educating her about the business politics and corruption of world economics. Yanis Varoufakis has appeared before heads of nations assemblies of experts and countless students around the world. Now he faces his most importantand difficultaudience yet. Using clear language and vivid examples Varoufakis offers a series of letters to his young daughter about the economy: how it operates where it came from how it benefits some while impoverishing others. Taking bankers and politicians to task he explains the historical origins of inequality among and within nations questions the pervasive notion that everything has its price and shows why economic instability is a chronic risk. Finally he discusses the inability of market-driven policies to address the rapidly declining health of the planet his daughters generation stands to inherit. Throughout Varoufakis wears his expertise lightly. He writes as a parent whose aim is to instruct his daughter on the fundamental questions of our ageand through that knowledge to equip her against the failures and obfuscations of our current system and point the way toward a more democratic alternative.