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“Democracy: Its future in the midst of rapid technological progress and chronic economic crisis”

Thursday, 14 November 2013 - 4:30pm
Neal-Marshall Center, Bridgwaters Lounge

Lecture by Dr. Yanis Varoufakis

In Ancient Athens it was the coincidence of the political sphere with economic life, but also culture, military affairs etc. that made it possible for the Demos to exercise real power in shaping everyday life. In this sense, our contemporary representative democracies come much closer to Aristotle’s definition of oligarchy than to his depiction of democracy. There simply is not, at least according to Aristotle, enough Demos in our Democracy today. This talk will ask a simple double-barrelled question: Are technological advances in IT, social media etc. an opportunity to re-invigorate democracy in general and isigoria in particular in societies increasingly ruled by emerging technocracies?

Dr. Varoufakis, Professor of Economic Theory at the University of Athens, is currently a visiting professor at the Lyndon B. Johnson School of Public Affairs of the University of Texas at Austin. His scholarship includes, among others, The Global Minotaur: The True Origins of the Financial Crisis and the Future of the World Economy. Dr. Varoufakis is also the founder of UADPhilEcon, an international doctorate program in economics, and a private consultant for Valve Corporation.