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“Capitalism as a Market Society”

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Readers may be surprised by the absence of any mention of ‘capital’ or ‘capitalism’ in the book. I chose to leave out such words not because there is anything wrong with them but because, loaded as they are with heavy baggage, they get in the way of illuminating the essence of things. So, instead of speaking about capitalism, I use the term ‘market society.’ Instead of ‘capital,’ you will find more normal words like ‘machinery’ and ‘produced means of production.’ Why use jargon if we can avoid it?

Yanis Varoufakis, 08 May 2018

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

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