📰 Subscribe to UnHerd today at: https://bit.ly/3Qdkd5y If you have a question for Yanis and Wolfgang then now is your chance. Send us your Econoclastic questions and they’ll answer them on a future episode of the show. Email your questions to us at econoclasts@unherd.com This week, Yanis Varoufakis and Wolfgang Munchau take aim at two prevailing orthodoxies. Is the explosive AI boom really a bubble, or is the technology itself forcing a non-reversible shift away from capitalism and toward a new age of Techno-Feudalism? And are Trump's orders to sink Venezuelan boats and kill sailors really about a "War on Drugs," or is that just a cynical cover story when what the administration really want from Venezuela is oil? And if the term "war crime" is wrong, should these acts be called something far more chilling: extrajudicial murder? Watch it on the UnHerd website: https://unherd.com/watch-listen/the-ai-bubble-myth/ Listen to the podcast: plinkhq.com/i/1685475850 Advertise on UnHerd @ zoe.white@unherd.com Follow UnHerd on social media: Twitter: https://x.com/Econoclasts Facebook: https://www.facebook.com/unherd/ Instagram: https://www.instagram.com/unherd/ TikTok: https://www.tiktok.com/@unherdtv //TIMECODES// 00:00 - 00:54 – Intro 00:54 - 07:55 – Debunking the “AI bubble” and Europe’s lag in AI 07:55 - 10:40 – Structural shifts: AI, capitalism, and techno-feudalism 10:40 - 14:00 - Cloud Capital and AI’s Influence on Human Behaviour 14:00 - 16:15 – AI’s economic, educational, and productivity effects 16:15 - 20:30 – Automation and response to Big Tech 20:30 - 21:32 - AI vs Universities 21:32 - 24:42 – AI bots, stablecoins, and the future of fiat currency 24:42 - 25:11 – Preview: Trump, Venezuela, and the “war on drugs” 25:11 - 29:26 – Debating Trump’s actions in Venezuela and US hypocrisy 29:26 - 31:42 - A “war on drugs” or a bid for oil? 31:42 - 36:03 – Trump’s political strategy, MAGA factions and oil 36:03 - 40:31 – Critique of European Union’s global politics and response 40:31 - 41:36 – Closing remarks and invitation for audience questions #UnHerd #AI #Venezuela