Can The Economy Be Fixed?

In reviewing two new books on the 2008 collapse, Brian Collins has his doubts:

[T]he 2008 financial crisis was the result of two more or less mutually reinforcing conditions: First, a major reorganization of the global economic order in the late twentieth century; and, second, the inherent limits of what economics can say about the outcome of such shifts. The great insight here is that, along with whatever reckless self-interest was at work, the crisis occurred and persists because an alternative was and is mostly unthinkable.

The author of one of those books, Yanis Varoufakis, has a new TED talk on the European economy.