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The problem with these common ownership ideas is that hierarchy is inherent in human structures.

Whether it's labeled 'for the people' or not, you end up with the same distribution of decision makers and benefactors concentrated at the top.

It's not a problem in capitalism but one of humanity or maybe even natural law.

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The idea that everything can be bought and sold, for example your feudal estate, is quite new. I think Varoufakis is a somewhat of a disciple of Karl Polanyi on these matters.

But I agree that the notion of "a new type of common ownership that works in sync with new technologies" needs much more spelling out.

I agree that one should not get caught up in utopian fictions in which humans are made pure and good without blemish. But that does not mean that we cannot create institutions, procedures and norms than do a far better job of curbing the worst tendencies in humans that capitalism does.

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