This is a “Midrash“, gloss, or “digested read” of Varoufakis’s book, not a critical analysis or a review. As such it presents the author’s arguments as he makes them, and does not attempt an evaluation. I do provide a review of the book over on my blog, however.

1 Why So Much Inequality?

The book begins with a simple, childish question, one that any daughter could ask of her father: why is there so much inequality in the world? Some babies are given special status-projecting clothes purchased from a boutique baby store, while a vast many others are wrapped in rags—how is this so? To answer this question, Varoufakis has to describe to his daughter how capitalism works, how it differs from all……