Yanis Varoufakis Technofeudalism - Melbourne Town Hall
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- Опубліковано 10 кві 2024
- In his boldest and most far-reaching book yet, world-famous economist Yanis Varoufakis argues that capitalism is dead and a new economic era has begun.
Yanis Varoukais in conversation with Greg Jericho, chief economist for the Australia Institute and Centre for Future Work, and Emma Shortis, Senior Researcher in the Australia Institute’s International & Security Affairs Program.
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Yanis Varoufakis is the preeminent techno-humanist of our time.
yanis varoufakis is the most incredible mind, I genuinely feel very lucky to learn from him... he was an academic for decades before his life in politics, that alone should warrant our taking his words seriously... I really hope we listen to him, it's not often in history that someone so intelligent has the strength to speak so many powerful truths to power...
It's a shame the audio has been run through AI. Removing any/ all audience noise makes this an odd experience.
Yanis starts his speech at the 5:00 min mark
I reckon it’s @ 35 mins
In a world saturated with imitators and charlatans claiming the title, Varoufakis is that rarest of things; a true public intellectual
Genocide....what a joke
Gaza 1990 700,000 people....2024 2.3 million people...
No wonder Greece is bankrupt....
A public intelectual is a person that has no responsability to anyone on his opinions.
australia sees united states as a savior - rather than a hijacker in reality
The idea of "American Exeptionalism" as promoted by Bill & Hillary Clinton as well as Bush, Obama & Trump needs to be addressed by our nation's so-called political leadership...
That opinion has been artificially nurtured by Australia's mainstream media in the same way it has manufactured the fear of China. Both opinions are clearly against Australia's national interest. It shows the power of propaganda and information control.
Yanis varoufakis truely understand the loopholes and evil of capitalism.
"Capitalism" is NOT EVIL comrade...
@@akhalif68 He never said that. He said, "The EVILS OF Capitalism".
Thanks very much for posting 🎉
The German media is full of propaganda now. If you are not political correct or in another word not in alignment with the US policy, you will be demonized. If you question about their blind support of Israel they will call you antisemitism. If you question about their policies in the Russian Ukraine war, they will call you Putins friend/ supporter. They demonize their right wing party (which is in my opinion still left comparing to Republicans in the US) and call them right extrimist or Nazi and even want to forbid them for the "sake of democracy". I don't know how many people still watch these mainstream media nowadays.
The use of capital no longer builds the infructure of that enables further global progress.
Yanis is going to be studied for centuries.
Great talk, but taking out audience noise is a questionable decision in my opinion.
Chinese philosophers, Mencius（ 孟子）, Confucius (孔子) embrace statecraft with virtues in their precepts 2600 years ago. These significantly shape Chinese political culture and social norms even today. It's helpful to delve deeper into the Chinese definition and practice of democracy . Chinese statecraft embraces the core Chinese precepts of virtue and mutually beneficial relationships: （和） Harmony... “和而不同”, Harmony in Diversity “家和万事兴” Harmony... Bedrock of Common Good/Prosperity.
Precepts which embrace community- centric ethics “得民心得天下” 与 “君子爱财取之有道” evidently shape Chinese political and commercial culture. History matters too. Be sensitive to the fact that China was a victim of many foreign military invasions and war atrocities by European, American and Japanese as well as Western exploitative capitalism and ruthless imperialism.
Critic and innovative thought comes out when an academic is pushed into polititics to see its ugliness, be vocal about it and has the courage to step aside as Yanis did as finance minister
Taking out audience responses really sucks.
Simply brilliant
Fully loaded with stuffs I never imagined
Abolish the RBA and in its place establish a people of Australia, owned bank to regulate money. Democracy requires that politics and ethics are inseparable.
You need USDA to buy oil. It us Americas perogative to not allow the creation of alternative energy to move forward.
Never,people care less if they are doing ok in this system.
Perhaps another way of looking at the algorithm's that dictate the content an Individual well see is one of a smoky room with dark alcoves with people talking over their grievance's in the night time to those others who look at it as a coffee house to talk over idea's, and philosophy, or yet others who look at it as an idea's, and or market exchange. Most people will fall into the first category which makes them a goldmine for the business of politics as their input is sold off to the highest bidder, and the 2nd category is shut off to them. The internet and good governorship are not aligned by content providers who now find themselves with the power to play god.
He's saying capitalism is being replaced by a more ephemeral and tenuous form of value creation (or extraction). First, I think limiting capital to the physical is too narrow, and has never been done as that would exclude finance. Second, I would make the distinction that while the means of *production* have been streamlined, there's still low hanging fruit in the means of *distribution*, and that's where the online platforms are finding opportunity. The new capitalism qualitatively remains the old capitalism.
Economic investigator Frank G Melbourne Australia is still following this informative content cheers Frank
Excellent talk 👍👍
Yanis' digital cloud tax can also be extended to high speed trading machines by collecting taxes, like 10% GST, on every transaction. Collecting necessary transaction data, so that the correct tax is applied to every transaction, will also provide crucial insight into the Key Performance Indicators of the cutting edge sophisticated preditive algorithms of these high speed trading machines, including insight into the motivations of the decision makers behind their design. Trying to stop human technical advancement is an act of pure folly, but that doesn't mean we must blindly submit control of our lives to the people that own and control these sophisticated cutting edge technologies, especially as there is already ample evidence that these corporate entities, and/or elaborate partnerships, consciously ignore ethics in pursuit of a dominant market share and ever increasing profits. Instead, we must demand our governments implement and strictly enforce regulation that more equitably rebalances the current power imbalance that greatly favors corporate/partnership entities,to the detriment of consumers and the independent producers that supply these massive operations.
@35:00 someone did not read much history. State debt has never caused a collapse of empire. A State's deficit is it's citizens surplus by accounting identity, it is a good thing (all else equal). What happens in empire collapse is either massive corruption or with monetary systems something like massive private debt, which means if the State is in deficit some oligarchs are holding an enormous amount of currency (equal to the private household debt plus the government deficit). These are only scorepoints though as far as the State is concerned, but the banking systems tend to be pretty rigid (by law), and if private debts of the poor, especially farmers, are not forgiven then you get revolt, you also get economic collapse. But it is not because of the debt of the sate (which is private surplus) it is because too much of that currency outstanding, not yet used to pay taxes, is held by too few who are hoarding and not spending.
It is gross inequality which is the instability, not the debt of the State. A state that issues it's own scorepoints is never broke and can always pay its debts --- in its own currency. (Cesar could have stamped the trillion aureus coin --- the metal value of the coin is not the face value. State currency has always been a scorekeeping system.) There is then inflation risk, but that never causes the collapse of a state, since you only get nominal currency inflation if you have a booming economy, or have something crippling supply like a famine, drought or war reparations imposed. It is surprising Yanis is using monetarist understanding, he has friendly MMT colleagues, but seems to not have learned much from them
bless you funny man
IT titans are the cloudieslist❤❤🎉🎉
Imposed tax on application providers with only tax back on users, not a wise suggestion
"how to keep the demos out of democracy"
This was a great talk. The stuff about Elon Musk wanting to destroy the planet is just lazy thinking. I think the lady in green must have never listened to Musk speak.
👍
Amazon brings together buyers and sellers. This marketplace is global. But it is a service, and that means Amazon gets a cut from each transaction. When you use PayPal or a Bank of America credit card, the banks get a cut of each transaction. That is how the service works. If it is to expensive, you do not use the service. It is a choice. There are many reasons why people use that service….time wasted in a car looking for a particular item, etc..
As long as there are no monopolies, or government favoritisms, the system works. Elon Musk and Jeff Bezos provide services that people want and value. That’s how you get the stuff you want. That’s why we have so much stuff. Communism shuts down capital markets. And no capital markets, means no goods and services, employment and taxes for infrastructure. Food production also nosedives and people lack food and healthcare ( that is also profit driven).
Capitalism is not perfect… however, very few people are starving, and millions of those people, living n communist countries are being fed by very generous people in capitalist countries, FREE !
Take a breath and calm down. He's just talking about how the system is changing, how it might be detrimental, and how we can improve it. He's not calling for revolution
Nothing is free. Capitalist didn't offer anything for free to communist countries.
You are as brain washed as those in the communist countries,
Go the Greek philosophers 35 minutes in 😁👍
Starts at 5:00. Buncha nobody yackers before that. You're welcome.
This shows that Google can manage capital way better than this video says.
He is too clever for now
In 2011, on the floor of the Australian parliament, US President Obama announced the US military "pivot to Asia" to prepare for war with China. Have the preparations stopped? No. We just had the AUKUS deal signed which is now being expanded to include Japan.
Yanis Varoufakis doesn't even mention the issue. We had two world wars last century. Does any believe capitalism won't go to war again? Do they think they are "more sane" now than before?
The rest of Varoufakis' analysis also falls apart under any serious scrutiny.
QUOTE
... Varoufakis’s argument, stripped of verbiage about “democracy” and “peace,” boiled down to a call for the European and Australian governments to heavily invest in “cloud capital,” so that they can compete in that sphere, and to end an unquestioning “servility” to the US, lest its activities jeopardise their own imperialist interests.
His entire analysis was geared towards reaching this conclusion. It combined superficiality with falsification.
That was evident in Varoufakis’ equation of the US and China, two countries with extremely divergent histories and positions in the world economy. Despite its major economic advances, and the aspirations of the ruling elite spawned by the Stalinist restoration of capitalism, China, unlike the US, is not an imperialist power. It remains locked within a financial system dominated by the US and European banks and corporations.
Varofikis’s blithe dismissal of these issues, lines up with the depictions of China as a new imperialist power, used by pseudo-left groups and others to legitimise the US war drive. A similar position has been advanced by the pseudo-left on Russia, which they employ to back the US-NATO proxy war in Ukraine.
Inevitably, the word “imperialism” did not pass Varoufakis lips, nor the crisis of global capitalism and its intractable contradictions.
WSWS:
Yanis Varoufakis tours Australia: A pseudo-left representative of European capitalism in search of political allies
29 March 2024
Hi MOM!!!!!
Varoufakis, is worrying too much, to not loose what already has. He knows some but he does not knowing them to the proper level and is confusing himself. But its ok. Life is a wonderful road with a lot of hills, slides and blah, blah and again blah. He is already subjugated himself to bankers and has no way out....such to preserve his current wealth status. He will learn eventually, to be straight shooter and not to want to have the cake and to eat it , too. Nothing personal, but Varoufakis does not radiate a fair dinkum attitude, rather, he is representing, a slippery and an oily entity of sort, with leech like, properties.
I find that ceremonial welcome to country along with reverence to past, present and future custodians has now become so formulaic that it smacks of insincerity. The political opportunism of keeping the errors of colonialism front and centre of contemporary Australian consciousness is what I find distastefully stultifying. Why? It continues to impede those unable to envisage a life out of their victimisation. While trauma is obviously horrendous, only one person, oneself, is capable for putting our pain to rest whatever it maybe.
Then you will just have to take your own advice and get over it.
What the hell was all that crap about at the beginning ?
USA 💪🇺🇸♥️🇦🇱💪
humanities asset...a grik ex finance minister, how unlikely
Now I know why the Greek economy tanked
They are still far better than India with its high level of absolute poverty, hopelessly inadequate n outdated transport infrastructure n filthy n unhygienic environment
They are still far better than India with its high level of absolute poverty, hopelessly inadequate n outdated transport infrastructure n filthy n unhygienic environment
But not how time works, apparently.
You're on permanent austerity now and your vote doesn't matter. Congratulations.
And you now know why all economies will fail too. You better get brand name tattoos so they can identify your corpse in a thousand years for the publicly funded museum.