This man has really been speaking to the people. When he explains something you can see him reconsider his explanation and expand on it. Very informative.
@@georgegiannakouras9181 George, I meant that in a kind of metaphorical sense; like Last of the Mohicans. Don't agree with Yanis on everything for sure. But he seems like a solid bloke. Cheers, Sir!
I was an atheist for over 40 years..until I saw things that changed my perception of life..If there are good god(esses) they surely love atheist, religious, and agnostic people
A great talk. Very interesting relationships working between cooperatives, ownership shares, citizens' assemblies, and transnational parties. Thanks Yanis Varoufakis
Fantastic video - just the analysis I needed to listen to post election. Thank you. Would like to add Yanis, that at approx 1.14 in, your definition of universal basic income assumes that universal basic income will cause jealousy between the person getting up at 6am to go to work and the person not working. Universal means just that - every person gets a basic income, say, £1k per month. Earnings from work are on top of that, so the person who chooses to stay at home, perhaps painting because that is their talent, has income of £1k per month. However, the person who chooses to get up at 6am retains their basic income of £1k per month PLUS whatever they earn on top of that. A system like this would allow women to raise their own children instead of paying someone else to do it, allow people to consider career changes, allow people to care for sick relataives. A whole host of reasons why UBI could be better for society and arguably help to push up productivity?...
Yeah you're right. I'm not sure why he was pitching the two ideas as in competition with one another. UBI would be a really good short-term tool when the Universal Dividend is in its infancy. I imagine his argument would be that UBI wouldn't lead to the structural democratic changes he thinks are necessary. UBI is just spreading money around a bit but retaining the same capitalist structure of our economy - people selling their labor to the capitalists and being exploited as wage laborers. The dividend would fundamentally change the ownership structure of corporations - it would gradually put the means of production into social ownership.
This man imparting his knowledge informs and empowers those who are not exposed and wholely dependent on economy such as me. The ordinary person, the masses he mentions being duped and dependent by events totally out of my hands and theirs..
"When the very few make profits, it's their profits. When they have losses, society has to give them money." 👈🏼☝🏼THAT. That, is it in a nutshell. And it has to change.
1:52:50 “How do we do it? Not by means of nation state based parties, they are finished. They are inward looking, they have a tendency toward nationalism, they play the game of one working class against another working class” [...] 1:55:06 “Transnationalism genuine internationalism in other words, in action, which while respecting totally the primacy of class (because this is what we are trying to do: to create class solidarity in action, not only in spirit) while preserving that accommodates national pride, national cultures. You know I am Greek I‘m not going to lose my affinity with Greek culture, Greek language, Greek literature because I am transnational and an internationalist. Similarly with our Turkish friends, our British friends and so on-how to combine all this in a movement for change? It’s very early days yet... It’s either this or going back to nation state based political parties that we’ve tried and with which we have failed.”
ihategoogle I worry about this as well. But do you have no hope for third ways? Today we have universal crises (climate/refugees/financialization of capital/precarity/poverty/disease..) Is human nature condemned to the narrowness of the past? What about getting collectively better at processing the failures/traumas of the past? I don’t think the world’s ever been this connected historically which means exotic variables at play.
@ihategoogle Those statements are confused. Firstly, you don't need to be a nationalist to have nation states. Secondly, not sure why you are talking about destroying nation states. Thirdly, if by 'be a nationalist and a transnationalist at the same time' you mean you can't take a serious interest in the nation where you live and also take a serious interest in other nations, then this is like saying you can't be an individual and be part of a family. Fourthly, nation states have only existed for the past few hundred years, and how workable they are is highly debatable. For interest, it is impossible to address climate change without strong transnational co-operation.
@@HigoWapsico Hello! Indeed, we have a local group in New York. You can find our their contact details here at the bottom of the page: internal.diem25.org/en/dscs/view Are you a member of DiEM25? if not you can sign up here: internal.diem25.org/?locale=en and easily contact members in your are and organise a meeting to set up a local group of your own! :)
"We need economic ties with all but allegiance with none" (Thomas Jefferson) Why were there widely different nations right from the start ? To keep the spirit of competition alive ?
Summary 5:30 current state of liberalism; every regime has it legitimizing myth 8:30 in capitalism regime, the myth is that selfish makes it work better, and market is the tool 10:10 market no more as a tool or instrument, but as an objective in the 1970's; market became a god, not a path to it 13:00 neoliberalism is for today's world what Marx was to Solviet Union, i.e., nothing 15:00 mega companies, mega banks and 1929; capitalism saved by capitalists 17:00 EUA as the machine that kept everything on march 17:50 age of neoliberalism after 1971 and end of Bretton Woods 19:00 world as the financer of EUA public debt 19:40 financialization and market as an object 20:30 neoliberalism died after 2008; neoliberalism means austeriry for the many, and socialism for the bankers 21:30 Trump won because, for the first time, more than half of american families could nor afford the cheapest car of the market 22:20 eighteen trillion dollars with negative interest rates; banks take this money and, e.g., (re)buy their shares 25:30 wages stagnation since the end of Bretton Woods; the only way for keep comsuption was financialization 27:15 Obama, representing the hope ofthe opressed, chooses Tim Geithner and Larry Summers, Wall Street paladins, for roles in public treasure 30:30 the colapse of capitalism in 1929 did not make socialism emerge, but fascism; the colapse of capitalism does not means something best will arise e.g. the xenofobia and alt right 32:00 the job is stabilize capitalism, not destroy it, and build something new from it 35:25 the twin paradox: today, the biggest ammount of money saved in history of humanity is not being invested on what humanity needs 38:00 costs of society, collective stupidity and new green deal 39:30 what will post-capitalism looks like? 40:15 corporations will die not in the hand of the leftist, but by it's own technology
A suggestion to the answer given to the question at 1:16:06 - Instead of non-voting shares the voting rights could be transferred (in equal parts or by workhours) to the employees of the given company.
When Yanis says the iphone was produced by the state he fails to say it was made by the military. Those technologies (wifi, bluetooth, siri etc.) were all produced by the military for some military purpose (yes even the internet) and then they free the technology to industry so that someone like Jobs comes along and repurposes the technology.
The researchers (the humans) who work on researching technologies are paid by tax payers NOT private businesses or oligarchs like "George Soros"...Agree?
That's only true of the internet (DARPAnet) and GPS (and satellite technology more broadly) though. Wifi (ALOHAnet, WaveLAN, CSIRO), Bluetooth and Siri are pretty much exclusively civilian in their origins.
Yanis is a truly brilliant mind, but he might indeed be more of an academic that a politician. His plan for a European Green New deal is awesome, but I don't see the strategy yet how to get there in the short time that we have to avert catastrophic climate change. It is great that Mera25 made it into the Greek parliament, but during the last European elections, outside Greece DIEM25 remained totally marginal. I live near Berlin where there is the strongest DIEM25 chapter in Germany, and I attended one campaign event (with Yanis, incidentally), but then, until election day, I never saw any posters, no canvassing, no presence of DIEM25 in the streets of the capital, where their chances would have been best. I am afraid, that the Greek success may remain an exception, due to exceptional circumstances. Maybe also because there is no one else in the movement who is even close to Yanis in terms of communication and analytic skills. Despite its goals, DIEM25 still feels a bit like a one man show. I hope this changes.
The Climate Catastrophe is a lie to whip you into a Revolutionary frenzy. Ask yourself how Carbon a gaz that has always existed in the atmosphere and climate system and had way higher concentrations in previous eras before the Industrial Revolution is only now considered a destabilizing agent. Simple, it's because it's emitted by cars. It is the perfect angle to attack a modern, motorized civilization.
@@TheControlBlue Not only ask but actually look for the answer. Do you seriously suggest that no scientist ever thought of this? The answer is very simple: Because the sun was much weaker in the past. The sun's luminosity increases over its lifetime. en.wikipedia.org/wiki/Solar_luminosity Therefore it was only due to the high CO2 concentration that the earth could turn in to a hothouse in the late Ordovician 440 million years ago, even though the sun was 4% weaker than today.
I am all in favor of DIEM25, but I wonder how come it couldnt gather support from Nordic Left parties and the like. If you want it to be a movement it should build bridges with fellow travelers.
7:01 - every regime has its myth. It's legitimizing story. Soviet Union had Marx. Capitalism had Adam Smith. The Spanish Inquisition had Christ. ISIS has the prophet Muhammed. The current Western regimes have neoliberist philosophy 7:43 - the theory which is utilized by a regime in order to legitimize what it does usually is utterly disconnected from what the regime actually does 8:22 - the capitalist story? Nobody likes capitalists but if you have the market and the market is competitive " the butcher the baker and the brewer ", and each one looks after themselves, they will deliver the best goods to the public 9:12 - the public interest is best served when nobody is trying to serve it. (Those that claim to work for the public never do -- they're all liars) Since the 1970s, the market hasn't served as a useful instrument. It became the objective. Hammer / carpenter example. You must know what you're using it for. Margaret Thatcher quote "there's no such thing as society...there's just individuals" 13:36 - the notion of competitive capitalism that Adam Smith was referring to died around 1870 1880 with The birth of telephony and later with electricity (aka monopolies)...first general electric and standard oil....now Amazon, Facebook, google. This was the birth of both mega companies and in turn, megabanks 16:40 - bretton woods conference. They realized that in order to save capitalism from itself you have to restrict it and constrain it. These were not anti-capitalists, they were smart capitalists.
Yanis, your analysis is great, your conclusion that the utter and contemptible failure of Western liberal democracy can be fixed with more democracy I fear is quite mistaken. It is not just the EU or the US, Western civilization is being undermined by its own internal flaws and simply will not survive unless serious reforms are made, CHANGE does not include more of the same, more failed democracy.
his answer around 30:00 is one my favorites of his. I have many hard left leaning friends who seem to think too lightly of the idea of "replacing capitalism". It would be an administrative, organizational, and most importantly a humane nightmare if capitalism were to completely collapse in our lifetime. And all this would be a gamble since we don't know what kinds of systems will aggregate from the pieces that are left after the collapse.
@skutch Blobaum Good point. I don't know what I was trying to say. Everyone is just stuck in this money and debt paradigm and behaving like madmen. A gift giving/patronage paradigm might be better. Value is subjective that's how arbitrage works. I mean how can a painting be worth millions of dollars? To most people it's completely worthless.
Real democracy includes decision about the means of production. The people (i.e. the workers) must control the means of production. So real democracy is essentially socialism. Varoufakis goes out of his way to not discuss class in this talk. He is the new savior of capitalism.
'Societies of Control' by Gilles Deleuze (1925-1995) - 'Societies of Control' explains in great detail the structure (imagine a farm with some sheep) - the space inside which we we live, think and create. Basically how and why we may think and behave as 'particular' pre-determined models. The forces and barriers, mostly invisible (and indivisible) which maintain inequality, bias and control = Overall Hegemony. Over who? You, me, that guy across the road, the woman on T.V reading the (bad) news, the politician harping on bad ideas, the rocker gyrating on stage, the diva on a world tour, the celebrities on the billboards, models on the cover of magazines, the girls eating bananas on instagram, the seething masses clicking away inside facebook, the refugees floating in the middle of the sea, the online trolls, the anonymous, the cops, the gangs, the outsiders and the insiders ... pretty much everyone. DiEM included. Thanks for reading.
@@hehwhwh727 You can abandon what you want. Yet facts remain as is. Now that old dutch story and painting comes to mind, The Ship Of Fools. Get it ? No ... Then, by all means Get Lost...
Lost my carefully thought out but general statement of concern for global sustainability. Now is the time for a coming together without cost for travel, educate, healthy health as synthetics remains for surgery. but feel the Great Spirit Chief provides for as we reconsolidate for simplistic ease of living so all may enjoy life as we learn about our dearest and nearest neighbors on a global basis tied to sustainability. It's not hard to do if we consider all peoples equal...Hope I stated correctly without finances ever for one and all. Thank you. Sincerely, Don Suiters Clearwater Florida Will clarify any point.
Chile was guiney pig of the new capitalist era, in the 70´s. Almost all services have been privatized, even WATER. Wages are kept low so that before the end of the month (when wages are paid) we run out of cash and have to use credit cards and bank loans. And the more poverty the rich families create, the less safe and stable the country becomes
Should there be a difference between someone with a PhD and someone who has many stages of lesser amounts of education? How can this dilemma be solved between those who contribute more or are smarter... from those who do not have that talent or desire to succeed? From each according to his need or from each according to his contribution? What are the minimums? What ar the maximums allowed for those who have more money, talent, desire, parental gifting, privilege based on race, skin color, religious background of the dominate culture etc.?
1. No 2. There is no dilemma because answer to previous Q was 'No'. 3. To each according to his need, obv. To have it the other way, about contribution, you would need to define 'contribution' in a way that isn't gross and Darwinian. It's such a big concept with so many subtleties that it seems silly to try and measure contribution. Also, see answer to 1. 4. + 5. It sounds like you want to maintain the oppressive power structures and class dynamics that Yanis spent to entire video arguing against. We're all born not of our own free will - we don't choose how, when, where or to whom. We don't all have the same access to opportunities or choices. These things are totally out of our control, and so should not be a basis for reward or punishment. Let's just make sure everyone's needs are met and no one is dying because they're hungry or have to live on the streets, then offer everyone access to the same education, and then we can all decide together what step to take next.
@@theskankingpigeon965 Your point is well taken. But you fail to define the meaning of need. I need a million to feel good about myself. Others need a roof over their head. If you haven't studied Mazlow's heirarchy or other hierarchies of needs, it should be at the root of our discussion. I love Yanis. I am thankful for his exposition. I am a socialist and a democrat as well as a fan of worker ownership of all corporations. But, we also have to determine who pay should be made. If we have computers and AI doing all of our work, shall we first meet the needs of our computers or of those who are starving? No matter where we land on these issues we have to think about how we rank, who we rank, criteria for rank, the potential of eliminating rank, and so much more.
I agree with Yanis. Those in power who cheered at the humiliation of their enemies, is no better than their 'enemies'. I was shocked to watch the 'humiliation of Saddam' splashed all over the newspapers and to think that Iraq was destroyed based on fake news. And as Yanis said, not that I have anything to do with Iraq from humanity standpoint. Someone who calls someone animal but acts like an animal is no better than the called animal.
If the working class follows Yanis Varoufakis, it's doomed to suffer capitalist dictatorship forever. But he says enough that's right that he should be listened to.
He has some ok ideas, but the big missing one is that taxes do not fund governments that use floating fiat currencies. It's the other way around: government must first spend before they can tax, otherwise they are asking people to take out credit just to pay the tax liabilities! Taxing wealth destroys money, and it does not operationally fund a government that has the sole monopoly power on issuing non-credit money -- vertical money, (as opposed to bank loans which are "horizontal money" which in aggregate nets to zero). But tax does create fiscal space so that government can inject new money into the economy with less inflation risk, and can do so for public purpose. That way we do not rely on the wealth of the oligarchs for a single thing. Just tax them so they don't wreck the economy by spitefully dumping their money. Of course they'd lose wealth that way too! But I bet they'd do it spitefully to try to wreck any socialist moves. So we first tax wealth to limit their power. Then government deficit spending is how to inject money back into the economy but from the bottom, to those who need it most. How? Not by bastardized Keynesianism! You do it with a proper Job Guarantee program, which has to be integral to a Green New Deal. In other words folks, learn #MMT The biggest macroeconomic myth of neoliberalism (which IS a THING, q.v. Mont Pelerin Society, and is deliberately both left-wing and right-wing) is the myth that taxes fund government. That's wrong. It's the other way around. If a government taxes more than it spends, and is running balanced trade, then it is running a surplus and the non-government sector is in deficit. That's how recessions are made, and is called austerity. Anti-austerity DEMANDS governments run large deficits, perhaps up to 10% or 15% of GDP (which means private sector surplus, i.e., adding to our household savings). But the QUALITY of government fiscal injections (deficits) matters! If you give it to banks just so they can hand out more credit money, you fuel a later debt crisis like 2008. But if you use fiscal injections (government deficits = private surpluses) on public good, like job guarantee programs, free healthcare, and free education, and free housing --- just the simple basics that should not be commodities --- then you have much healthier anti-neoliberal and more socialistic economy. And I agree with Varoufakis that this is a way to transition to post-capiltalit. Workers must have complete democracy in their workplace, and that way robot AI automation is a good thing, a godsend, workers can just vote to give themselves the same gross wage but fewer work hours, and let the robots do the grunge work. STUPID STUPID idea to then tax robot usage. Bill Gate sand Elon Musk need to f__k off and put their brains in a vat.
Why would that be a problem when only people currently working at a company/co-op were allowed to own any shares? Or did you miss the first part of Yanis' answer?
@@yurona5155Not meaningless. Yanis promoted green new deal and European investment fund to stabilise capital. As a dream, he propose workers cooperative like system, with common ownership of means of production by giving workers and/or other social stakeholders vote on big companies/corporations. He has idealistic believe that Capital will agree on his first propose. My point is, that many of current problem with Capital strike can be solved by simple prohibit of sale/transfer shares in any form. One's you own them, you own them for life and they disappear when you die. That is first step to him Utopia and It is my believe it is as realistic as his first propose, in term of Capital agree on it.
negative interest rates are the only thing that makes sense. money ought to have an expiry date. and if you create more of it than there is value in the system, it ought to decompose even faster.
Sorry but around 30:00 Yanis talks about how instability in capitalism is a bad thing which is a poor way to assess it. In those situations, people become more open to other ideas. They lose faith in the maintstream ideology. In those moments, real change can happen. It's unfortunate that other parties who we dislike and ideas we dislike can grasp the opportunity too but that's the risk associated with radical change. what motivation is there for people to go towards a new path if the current system provides them with what they need? This is illogical and part of the reason why Yanis will not be able to actually make a change. He talk a good game but his desire to be a 'humanist' as he describes prevents him from pursuing the radical change he continuously mentions. Yanis, you're a great thinker and economist but your inability to square the circle, to follow through with what you want to happen, will mean that you will forever be consigned to the sidelines of politcal and economic history. Your time to rise above and become a revolutionary leader was during the Syriza uprising. You should have overthrown Tsipras and taken Greece in the correct direction but because you didn't want to cause any more pain and suffering (in the short term), you let him crush Greece. You moved onto DiEM25 to try and make a change in the EU which is idealistic and unrealistic. You may introduce your well thoughtout arguments but none the less, this movement will be shrugged off and the EU will continue doing what it is doing. Accept your destiny, Yanis. You have the vision but you need to adopt the appropriate mentality to carry them out. This is the biggest problem of the left. Too concerned with not hurting people. Pursue your vision to the end without equivocation and hesitation.
Yanis says there is lots of money. It's just not going into the right places. Yanis thinks money has something like a static value. As a Greek, he should have learned something when Greece went bankrupt.. But money has NO INTRINSIC VALUE. It's intrinsic value is the value of the paper it is printed on. When it is not being spent or distributed, that is because those holding it understand that doing so will only reveal its lack of value. Withholding money makes it temporarily non-existent. It only has value to the economy when it is circulating in the market. When wood exists in fine furniture in a furniture store, it has value, but not when it is a log laying in the forest.
People mention "Gender Studies," a very rare major (Business is the most common major by far), as the example of a pernicious course of study. Maybe. But did you know? "Financial Engineering" is a major now. I wonder what those people are studying. /s
A fascinating discussion as ever, although it was odd that A} there was no discussion of the elephant in the room, Turkish politics and B} that Yanis seemed uninterested in the question about the toppling of Qaddafi and his intention to create an African Monetary Union.
I love Yannis and I am a member of DIEM25, but can't agree with his analysis of Labour's election defeat here in the UK. Mistakes were made and they must be faced so the left can rebuild and win power.
No discussion of populations, over-populations in individual countries and world over-populations. No borders . . . but does that mean no European borders? Shall Europe absorb 200 million Africans and/or Asians, and everything is just hunky dory, and never mind if there are insufficient jobs, everyone will benefit the same, etc, etc? Shall the world have not 7 billion but 50 billion, would that be just fine with Green New Deal Varoufakis? 60 million Mexicans flooded the US, and it was deliberately caused by the capitalists whose factories could not move to China and Mexico. It destroyed the lower middle working class of the Rust Belt, whose members were suicided, since even the lowest wage jobs went to Mexicans, whose dollars were multiplied by 20, the exchange rate of USD to peso. Does Varoufakis celebrate that lack of borders, which as he says results in the revolt of the masses and fascism?
57:00 not to mention its heartless and cowardly to reduce the livelihood of pensioners right at the moment they are weakest physically... its brutish to the extreme, sub-animal
Interesting discussion. The universal dividend scheme, where he gave an example of Google gives 10% of its shares to Turkey doesn't add up. If Google, or any company gave 10% (or even 1%) of their shares to every country they operated in, they would have to give up more than 100% of their shares. Even the rationale for doing so is a bit fishy. The example for Google (always Google, I wonder why), is that everyone has contributed to the capital base of Google by using smart phones with Google apps. But what reasoning can be applied to other companies? How are the capital bases of car companies or supermarkets added to by the general public in order to justify taking some of their shares? It all seems a bit ad hoc to me.
Take Amazon, for example: It can work as It does, because we built roads and infrastructure with our Money. The internet that makes It so powerful was built via research investment from the government. Before that, the computer was created the same way. So, what allows Amazon greatness are things that were invented and built by us as a society.
The Green New Deal is not a source of livelihood. It is a tax on, and an impediment to livelihood. Children playing baseball knock a ball through a window and the homeowner hires a glazier to replace the glass. A stupid politician thinks this is a boon to the local economy and says children all over town should break windows so that we can create business for the window industry that will then hire workers. He doesn't consider where the money for the glass industry might have been used if it were not for all the broken windows. This politician in this story and the proponents of the Green New Deal might as well hire one man to dig holes and another to refill them.
Yanis , why not call it, this new phase ofcapitalist-imperialism as ''Fictitious Kapital Domination of Imperialism'' , instead of real capital dominated Leninist Imperialism , as I suggested in 2002 ??? Noam Chomsky is correctly saying it is neither NEW , neither LIBERALISM , but imperialism !!!
Electromagnetic motors predate the (internal) combustion engine so engineers can't possibly be this stupid, it is a case of there aren't enough minerals in the World for the batteries (not if you want to have 8 billion people with comparable living standards on batteries.). Lets not be ignorant.
I have tremendous respect for Varoufakis but.. he clearly does not even begin to grasp the nature (not even the urgency, but the nature) of what we're going through as far as climate change is concerned. There will be no post-capitalism the way Varoufakis imagines it, because there will not be the kind of civilisation we modern humans can imagine following the collapse of the biosphere we're living through. The world's population is going to crash as a result of biological/chemical/physical processes that barely fit any economical/political models, however progressive they may be. The world's agricultural productivity is going to collapse, and this will trigger chaos, mass migrations, mass hunger, mass disease outbreaks, revolutions, civil wars, conventional wars.. Whether we're on the loony right or the loony left of the political spectrum, we all need food to survive, and to support stable societies. Our food security will crumble as a result of climate change, and whomever buys the pathetic "green" new deals being sold and marketed by the hopium peddlers should first grab a calculator and do the math on all the proposed solutions. They simply cannot work, and they are mostly capitalist money-making ideas camouflaged by an overdose of greenwashing and political smoke and mirrors.
lol have you squeezed your head somewhere!? "Overpopulation" In where tho!? In Europe if not for the immigrants' population is rapidly decreasing! Most people are moving to the big cities while outside of them are plenty of green spaces! Look how many ghost towns there are!
' They simply cannot work, and they are mostly capitalist money-making ideas camouflaged by an overdose of greenwashing and political smoke and mirrors.' Do you have any kind of practical solution to put forward? Pointing out the problem is not enough. A social climate of panic does not encourage people to take action and consider reasonable progressive politics. It encourages people to withdraw into themselves, become fearful and suspicious, and be more open to reactionary politics. This is most likely why Varoufakis doesn't lead with a doomsday tale on climate change. If your solution is to have system change within the next few years, that is impossible. Ideologically, people do not want it. That also means it is impossible because for a functioning democratic socialist society, people need to willingly participate and reproduce it. Most people have accepted neoliberal sensibilities as common sense. That is our starting point. A Green New Deal is something which can be achieved now, which will make a significant difference, and which will open the way materially and ideologically for more radical proposals. Also do you have any evidence that DiEM25's Green New Deal proposal is 'capitalist money-making', 'greenwashing', or 'political smoke and mirrors'? Maybe you are referring to something else?
A few years ago, the nephew of an old friend of mine was invited to lecture in political economy at Ankara University. During his first week there, he went out with three colleagues to a cafeteria for supper. They hadn't been there long when a man with a mask on his face appeared, shot them all dead and vanished into the night. Since then, his family has learnt nothing more about it - police investigation etc. - and I daresay neither have the good people of Turkey. 💔
The next step after capitalism is money based on agricultural grains meaning it has a use-by-date, a shelf life like all other real commodities. In other words money that wears out and then gets renewed by those working on nature's products.
@Ben Dover But you agree that seeds do degrade over time (unlike gold) which will have the effect of stimulating economic activity knowing that ; use it or lose it. If you plant a new crop it'd be better to use fresh seed for better germination obviously. Check Revelations 6:6 for grain based money. The time aspect is one year for all crops but obviously some crops are harder to cultivate than others. It's correct to evaluate commodities to time spent on production meaning the living costs of the worker during the time it took him/her to complete a commodity from start to finish. What else can one evaluate it to ? Bringing automation into manufacturing has a cheapening effect on commodities ; eschewing reality and making labor obsolete causing unemployment ; a redoubtable practice. As for man-hours if I understand you correctly, you support wages/flat rate = seeing labor as goods like other commodities ? This is one of the major reasons for social unrest because people are not commodities ; but the things they produce ARE, which makes labor a legal issue not an economical one. Only the products of labor are to be treated as an economical issue but not labor as such. All man made things deteriorate in time, but obviously some things have a longer shelf life than others depending on the materials & methods used etc. which again refers back to the time spent on manufacturing even the building materials ; everything depends on this principal.
A Greek in Turkey...how appreciative we are of you all to speak in English. Such paradigm changing ideas. Thank you.
Yea
I was think the same hehe...
yes
40:47 😅😅😅😅
I am also very appreciative that these talks are given in English.
Had other plans for the evening, but I guess I will watch Yanis now
@Berg Djelderian lol
He is very informative. I needed to broaden my worldview.
This man has really been speaking to the people. When he explains something you can see him reconsider his explanation and expand on it. Very informative.
College professor for 30 years
Great man with great heart, who help us understand and see. Appreciation and respect!
Brilliant... we need more people like Yanis. All over the world.
Yanis is the Last of the Spartans!
Atheist or no, God bless this Noble soul!!!
@@georgegiannakouras9181 George, I meant that in a kind of metaphorical sense; like Last of the Mohicans. Don't agree with Yanis on everything for sure. But he seems like a solid bloke. Cheers, Sir!
@Berg Djelderian NOTHING...nothing but GOD...
@serendipidus1 What's the point mate?
@serendipidus1 No.
I was an atheist for over 40 years..until I saw things that changed my perception of life..If there are good god(esses) they surely love atheist, religious, and agnostic people
A great talk. Very interesting relationships working between cooperatives, ownership shares, citizens' assemblies, and transnational parties. Thanks Yanis Varoufakis
This is such an excellent video. Capitalism for the poor, Socialism for the rich.
Brilliant mind.
BRILLIANT SIMPLY BECAUSE HE IS HONEST.
@@michaeljoseph3528 And correct.
@@thegowerboy
Yea right, remind me what position in government he held in Greece when they went to rack and ruin ?
Absolutely EXCELLENT!!!!!!
Fantastic video - just the analysis I needed to listen to post election. Thank you. Would like to add Yanis, that at approx 1.14 in, your definition of universal basic income assumes that universal basic income will cause jealousy between the person getting up at 6am to go to work and the person not working. Universal means just that - every person gets a basic income, say, £1k per month. Earnings from work are on top of that, so the person who chooses to stay at home, perhaps painting because that is their talent, has income of £1k per month. However, the person who chooses to get up at 6am retains their basic income of £1k per month PLUS whatever they earn on top of that. A system like this would allow women to raise their own children instead of paying someone else to do it, allow people to consider career changes, allow people to care for sick relataives. A whole host of reasons why UBI could be better for society and arguably help to push up productivity?...
Yeah you're right. I'm not sure why he was pitching the two ideas as in competition with one another. UBI would be a really good short-term tool when the Universal Dividend is in its infancy.
I imagine his argument would be that UBI wouldn't lead to the structural democratic changes he thinks are necessary. UBI is just spreading money around a bit but retaining the same capitalist structure of our economy - people selling their labor to the capitalists and being exploited as wage laborers. The dividend would fundamentally change the ownership structure of corporations - it would gradually put the means of production into social ownership.
Amazing talk.
Mr Varoufakis , high IQ and EQ 👈 Thanks for sharing this.
🌍
Legendary talk. Tesekkur ederim dostlar.
A Great Teacher!!!.
Yanis speaks from a lot of learning and knowledge; truth bombs!
3:02 lads
@rusterpus111 That's where the actual interview (and English) starts. :)
Cheers.
This man imparting his knowledge informs and empowers those who are not exposed and wholely dependent on economy such as me. The ordinary person, the masses he mentions being duped and dependent by events totally out of my hands and theirs..
Yanis you're a legend!
"When the very few make profits, it's their profits. When they have losses, society has to give them money." 👈🏼☝🏼THAT. That, is it in a nutshell. And it has to change.
Best Contemporary Leftist
He's a closet capitalist.
Millionaire, who charges a fortune to tell the rest of us capitalism doesn't work.
Hypocrite.
Yanis looks more like a professional UFC fighter than an economist.
In the featherweight division
I SWEAR THAT IS EXACTLY WHAT I THOUGHT! THANK GOD HE FIGHTS FOR HUMAN SURVIVAL. MAY GOD BLESS HIM.
@@thesilencer4638Brain puts him in ultra heavy.Anyway, he is who he is.
Healthy body healthy mind
1:52:50 “How do we do it? Not by means of nation state based parties, they are finished. They are inward looking, they have a tendency toward nationalism, they play the game of one working class against another working class” [...] 1:55:06 “Transnationalism genuine internationalism in other words, in action, which while respecting totally the primacy of class (because this is what we are trying to do: to create class solidarity in action, not only in spirit) while preserving that accommodates national pride, national cultures. You know I am Greek I‘m not going to lose my affinity with Greek culture, Greek language, Greek literature because I am transnational and an internationalist. Similarly with our Turkish friends, our British friends and so on-how to combine all this in a movement for change? It’s very early days yet... It’s either this or going back to nation state based political parties that we’ve tried and with which we have failed.”
ihategoogle I worry about this as well. But do you have no hope for third ways? Today we have universal crises (climate/refugees/financialization of capital/precarity/poverty/disease..)
Is human nature condemned to the narrowness of the past? What about getting collectively better at processing the failures/traumas of the past? I don’t think the world’s ever been this connected historically which means exotic variables at play.
@ihategoogle Those statements are confused. Firstly, you don't need to be a nationalist to have nation states. Secondly, not sure why you are talking about destroying nation states. Thirdly, if by 'be a nationalist and a transnationalist at the same time' you mean you can't take a serious interest in the nation where you live and also take a serious interest in other nations, then this is like saying you can't be an individual and be part of a family. Fourthly, nation states have only existed for the past few hundred years, and how workable they are is highly debatable. For interest, it is impossible to address climate change without strong transnational co-operation.
Thank you for this clear explanations of poverty.
PROF. VAROUFAKIS PROVES THAT TO BE DEEMED A GENIUS, AS HE CERTAINLY IS, REQUIRES BUT A SINGLE TRAIT. HONESTY.
Eres el mejor analista que tenemos.. thank you!
Valuable and brilliant discourse as always Yanis but it isnt either capital or labour that drives capitalism, its energy
How do we get DiEM 25 chapter in the US?
There is a DSC in NYC as far as I know
Brusselse thanks, I’ll try to find out more
@@HigoWapsico Hello! Indeed, we have a local group in New York. You can find our their contact details here at the bottom of the page: internal.diem25.org/en/dscs/view
Are you a member of DiEM25? if not you can sign up here: internal.diem25.org/?locale=en and easily contact members in your are and organise a meeting to set up a local group of your own! :)
I only speak a bit of Turkish but it is one of the most well made languages I know of.
"We need economic ties with all but allegiance with none" (Thomas Jefferson)
Why were there widely different nations right from the start ? To keep the spirit of competition alive ?
Excellent discussion.
Summary
5:30 current state of liberalism; every regime has it legitimizing myth
8:30 in capitalism regime, the myth is that selfish makes it work better, and market is the tool
10:10 market no more as a tool or instrument, but as an objective in the 1970's; market became a god, not a path to it
13:00 neoliberalism is for today's world what Marx was to Solviet Union, i.e., nothing
15:00 mega companies, mega banks and 1929; capitalism saved by capitalists
17:00 EUA as the machine that kept everything on march
17:50 age of neoliberalism after 1971 and end of Bretton Woods
19:00 world as the financer of EUA public debt
19:40 financialization and market as an object
20:30 neoliberalism died after 2008; neoliberalism means austeriry for the many, and socialism for the bankers
21:30 Trump won because, for the first time, more than half of american families could nor afford the cheapest car of the market
22:20 eighteen trillion dollars with negative interest rates; banks take this money and, e.g., (re)buy their shares
25:30 wages stagnation since the end of Bretton Woods; the only way for keep comsuption was financialization
27:15 Obama, representing the hope ofthe opressed, chooses Tim Geithner and Larry Summers, Wall Street paladins, for roles in public treasure
30:30 the colapse of capitalism in 1929 did not make socialism emerge, but fascism; the colapse of capitalism does not means something best will arise e.g. the xenofobia and alt right
32:00 the job is stabilize capitalism, not destroy it, and build something new from it
35:25 the twin paradox: today, the biggest ammount of money saved in history of humanity is not being invested on what humanity needs
38:00 costs of society, collective stupidity and new green deal
39:30 what will post-capitalism looks like?
40:15 corporations will die not in the hand of the leftist, but by it's own technology
This is the genius who was once Greece's finance minister...
He became that after the crisis
A suggestion to the answer given to the question at 1:16:06 - Instead of non-voting shares the voting rights could be transferred (in equal parts or by workhours) to the employees of the given company.
Very interesting. Save it.
Good stuff.
When Yanis says the iphone was produced by the state he fails to say it was made by the military. Those technologies (wifi, bluetooth, siri etc.) were all produced by the military for some military purpose (yes even the internet) and then they free the technology to industry so that someone like Jobs comes along and repurposes the technology.
The researchers (the humans) who work on researching technologies are paid by tax payers NOT private businesses or oligarchs like "George Soros"...Agree?
That's only true of the internet (DARPAnet) and GPS (and satellite technology more broadly) though.
Wifi (ALOHAnet, WaveLAN, CSIRO), Bluetooth and Siri are pretty much exclusively civilian in their origins.
all taxpayer funded and privatized.
state / military 🍅/🍅
Yanis ...is an intellectual giant!!!
Absolutely 💯
💫
Greeks-the Light of the World.
Y.V. very strong Mind. 💫
some extremely high level ideas being talked about here
Yanis is a truly brilliant mind, but he might indeed be more of an academic that a politician. His plan for a European Green New deal is awesome, but I don't see the strategy yet how to get there in the short time that we have to avert catastrophic climate change. It is great that Mera25 made it into the Greek parliament, but during the last European elections, outside Greece DIEM25 remained totally marginal. I live near Berlin where there is the strongest DIEM25 chapter in Germany, and I attended one campaign event (with Yanis, incidentally), but then, until election day, I never saw any posters, no canvassing, no presence of DIEM25 in the streets of the capital, where their chances would have been best. I am afraid, that the Greek success may remain an exception, due to exceptional circumstances. Maybe also because there is no one else in the movement who is even close to Yanis in terms of communication and analytic skills. Despite its goals, DIEM25 still feels a bit like a one man show. I hope this changes.
The Climate Catastrophe is a lie to whip you into a Revolutionary frenzy.
Ask yourself how Carbon a gaz that has always existed in the atmosphere and climate system and had way higher concentrations in previous eras before the Industrial Revolution is only now considered a destabilizing agent.
Simple, it's because it's emitted by cars. It is the perfect angle to attack a modern, motorized civilization.
@@TheControlBlue Not only ask but actually look for the answer. Do you seriously suggest that no scientist ever thought of this? The answer is very simple: Because the sun was much weaker in the past. The sun's luminosity increases over its lifetime. en.wikipedia.org/wiki/Solar_luminosity Therefore it was only due to the high CO2 concentration that the earth could turn in to a hothouse in the late Ordovician 440 million years ago, even though the sun was 4% weaker than today.
is it true that on the banks of the river rhein there are 500 castles who can afford full orchestas to play and stay. all germams
Yanis, please come to Romania!
I am all in favor of DIEM25, but I wonder how come it couldnt gather support from Nordic Left parties and the like.
If you want it to be a movement it should build bridges with fellow travelers.
Despite difficulties he will become prime minister!.
7:01 - every regime has its myth. It's legitimizing story. Soviet Union had Marx. Capitalism had Adam Smith. The Spanish Inquisition had Christ. ISIS has the prophet Muhammed. The current Western regimes have neoliberist philosophy
7:43 - the theory which is utilized by a regime in order to legitimize what it does usually is utterly disconnected from what the regime actually does
8:22 - the capitalist story? Nobody likes capitalists but if you have the market and the market is competitive " the butcher the baker and the brewer ", and each one looks after themselves, they will deliver the best goods to the public
9:12 - the public interest is best served when nobody is trying to serve it. (Those that claim to work for the public never do -- they're all liars)
Since the 1970s, the market hasn't served as a useful instrument. It became the objective. Hammer / carpenter example. You must know what you're using it for. Margaret Thatcher quote "there's no such thing as society...there's just individuals"
13:36 - the notion of competitive capitalism that Adam Smith was referring to died around 1870 1880 with The birth of telephony and later with electricity (aka monopolies)...first general electric and standard oil....now Amazon, Facebook, google. This was the birth of both mega companies and in turn, megabanks
16:40 - bretton woods conference. They realized that in order to save capitalism from itself you have to restrict it and constrain it. These were not anti-capitalists, they were smart capitalists.
yanis varoufakis kindly come to South Africa through economic freedom fighters,
we will organise your visit
Yanis, your analysis is great, your conclusion that the utter and contemptible failure of Western liberal democracy can be fixed with more democracy I fear is quite mistaken. It is not just the EU or the US, Western civilization is being undermined by its own internal flaws and simply will not survive unless serious reforms are made, CHANGE does not include more of the same, more failed democracy.
Does there always have to a conspiracy theorist in the audience who introduces unrelated material?
Which question are you referring to?
@@End-Result Gaddafi? thefreethoughtproject.com/declassified-emails-reveal-natos-true-motive-topple-gaddafi-stop-creation-gold-backed-african-currency/
his answer around 30:00 is one my favorites of his.
I have many hard left leaning friends who seem to think too lightly of the idea of "replacing capitalism".
It would be an administrative, organizational, and most importantly a humane nightmare if capitalism were to completely collapse in our lifetime. And all this would be a gamble since we don't know what kinds of systems will aggregate from the pieces that are left after the collapse.
The problem is the world relies on philosophers/politicians/bankers doing economics. The world needs engineers/scientists to do economics.
I would say both are required for economics
@skutch Blobaum Good point. I don't know what I was trying to say. Everyone is just stuck in this money and debt paradigm and behaving like madmen. A gift giving/patronage paradigm might be better. Value is subjective that's how arbitrage works. I mean how can a painting be worth millions of dollars? To most people it's completely worthless.
Real democracy includes decision about the means of production. The people (i.e. the workers) must control the means of production. So real democracy is essentially socialism. Varoufakis goes out of his way to not discuss class in this talk. He is the new savior of capitalism.
'Societies of Control' by Gilles Deleuze (1925-1995) - 'Societies of Control' explains in great detail the structure (imagine a farm with some sheep) - the space inside which we we live, think and create. Basically how and why we may think and behave as 'particular' pre-determined models. The forces and barriers, mostly invisible (and indivisible) which maintain inequality, bias and control = Overall Hegemony. Over who? You, me, that guy across the road, the woman on T.V reading the (bad) news, the politician harping on bad ideas, the rocker gyrating on stage, the diva on a world tour, the celebrities on the billboards, models on the cover of magazines, the girls eating bananas on instagram, the seething masses clicking away inside facebook, the refugees floating in the middle of the sea, the online trolls, the anonymous, the cops, the gangs, the outsiders and the insiders ... pretty much everyone.
DiEM included. Thanks for reading.
@Tānzill Q essay and follow up essays too ... Ciao
Word salad
@@hehwhwh727 Like so many S's.
@@AudioPervert1 abandon postmodern hocus pocus if you actually want to change anything
@@hehwhwh727 You can abandon what you want. Yet facts remain as is. Now that old dutch story and painting comes to mind, The Ship Of Fools. Get it ?
No ... Then, by all means Get Lost...
Yanis should come to Jakarta and meet President Jokowi
Lost my carefully thought out but general statement of concern for global sustainability. Now is the time for a coming together without cost for travel, educate, healthy health as synthetics remains for surgery. but feel the Great Spirit Chief provides for as we reconsolidate for simplistic ease of living so all may enjoy life as we learn about our dearest and nearest neighbors on a global basis tied to sustainability. It's not hard to do if we consider all peoples equal...Hope I stated correctly without finances ever for one and all. Thank you.
Sincerely,
Don Suiters
Clearwater Florida
Will clarify any point.
Love your thoughts Yanis, but I don't agree that Jeremy Corbyn campaigned against Brexit at all. He was very absent as an opposer of it.
When I started to listen to this, I never in my wildest imagination expected to hear Yanis endorse trickle-down economics.
Chile was guiney pig of the new capitalist era, in the 70´s. Almost all services have been privatized, even WATER. Wages are kept low so that before the end of the month (when wages are paid) we run out of cash and have to use credit cards and bank loans. And the more poverty the rich families create, the less safe and stable the country becomes
Should there be a difference between someone with a PhD and someone who has many stages of lesser amounts of education? How can this dilemma be solved between those who contribute more or are smarter... from those who do not have that talent or desire to succeed? From each according to his need or from each according to his contribution? What are the minimums? What ar the maximums allowed for those who have more money, talent, desire, parental gifting, privilege based on race, skin color, religious background of the dominate culture etc.?
1. No
2. There is no dilemma because answer to previous Q was 'No'.
3. To each according to his need, obv. To have it the other way, about contribution, you would need to define 'contribution' in a way that isn't gross and Darwinian. It's such a big concept with so many subtleties that it seems silly to try and measure contribution. Also, see answer to 1.
4. + 5. It sounds like you want to maintain the oppressive power structures and class dynamics that Yanis spent to entire video arguing against. We're all born not of our own free will - we don't choose how, when, where or to whom. We don't all have the same access to opportunities or choices. These things are totally out of our control, and so should not be a basis for reward or punishment. Let's just make sure everyone's needs are met and no one is dying because they're hungry or have to live on the streets, then offer everyone access to the same education, and then we can all decide together what step to take next.
@@theskankingpigeon965 Your point is well taken. But you fail to define the meaning of need. I need a million to feel good about myself. Others need a roof over their head. If you haven't studied Mazlow's heirarchy or other hierarchies of needs, it should be at the root of our discussion. I love Yanis. I am thankful for his exposition. I am a socialist and a democrat as well as a fan of worker ownership of all corporations. But, we also have to determine who pay should be made. If we have computers and AI doing all of our work, shall we first meet the needs of our computers or of those who are starving? No matter where we land on these issues we have to think about how we rank, who we rank, criteria for rank, the potential of eliminating rank, and so much more.
I agree with Yanis. Those in power who cheered at the humiliation of their enemies, is no better than their 'enemies'. I was shocked to watch the 'humiliation of Saddam' splashed all over the newspapers and to think that Iraq was destroyed based on fake news. And as Yanis said, not that I have anything to do with Iraq from humanity standpoint. Someone who calls someone animal but acts like an animal is no better than the called animal.
1:10:33 “Brexit means Brexit” = Brexit means breaks it = Brexit means break them = Brexit means we break us
great stuff
Starts at 5:33
If the working class follows Yanis Varoufakis, it's doomed to suffer capitalist dictatorship forever. But he says enough that's right that he should be listened to.
communism without communists? NO, this is called feudal corporatism or NEW FEUDALISM
He has some ok ideas, but the big missing one is that taxes do not fund governments that use floating fiat currencies. It's the other way around: government must first spend before they can tax, otherwise they are asking people to take out credit just to pay the tax liabilities! Taxing wealth destroys money, and it does not operationally fund a government that has the sole monopoly power on issuing non-credit money -- vertical money, (as opposed to bank loans which are "horizontal money" which in aggregate nets to zero). But tax does create fiscal space so that government can inject new money into the economy with less inflation risk, and can do so for public purpose. That way we do not rely on the wealth of the oligarchs for a single thing. Just tax them so they don't wreck the economy by spitefully dumping their money. Of course they'd lose wealth that way too! But I bet they'd do it spitefully to try to wreck any socialist moves. So we first tax wealth to limit their power. Then government deficit spending is how to inject money back into the economy but from the bottom, to those who need it most. How? Not by bastardized Keynesianism! You do it with a proper Job Guarantee program, which has to be integral to a Green New Deal. In other words folks, learn #MMT
The biggest macroeconomic myth of neoliberalism (which IS a THING, q.v. Mont Pelerin Society, and is deliberately both left-wing and right-wing) is the myth that taxes fund government. That's wrong. It's the other way around. If a government taxes more than it spends, and is running balanced trade, then it is running a surplus and the non-government sector is in deficit. That's how recessions are made, and is called austerity. Anti-austerity DEMANDS governments run large deficits, perhaps up to 10% or 15% of GDP (which means private sector surplus, i.e., adding to our household savings). But the QUALITY of government fiscal injections (deficits) matters! If you give it to banks just so they can hand out more credit money, you fuel a later debt crisis like 2008. But if you use fiscal injections (government deficits = private surpluses) on public good, like job guarantee programs, free healthcare, and free education, and free housing --- just the simple basics that should not be commodities --- then you have much healthier anti-neoliberal and more socialistic economy. And I agree with Varoufakis that this is a way to transition to post-capiltalit. Workers must have complete democracy in their workplace, and that way robot AI automation is a good thing, a godsend, workers can just vote to give themselves the same gross wage but fewer work hours, and let the robots do the grunge work. STUPID STUPID idea to then tax robot usage. Bill Gate sand Elon Musk need to f__k off and put their brains in a vat.
This⬆️
This.... 1000 times.
Actually, Yanis, Just prohibiting the sale of shares could stabilize Capital.
Why would that be a problem when only people currently working at a company/co-op were allowed to own any shares? Or did you miss the first part of Yanis' answer?
@@yurona5155 Please, read my statement again. You comment has nothing relative to my statement.
@@Mutineer9 It does, but in case I need to clarify: Any notion of "stabilizing capital" is meaningless in the context of what he describes.
@@yurona5155Not meaningless. Yanis promoted green new deal and European investment fund to stabilise capital. As a dream, he propose workers cooperative like system, with common ownership of means of production by giving workers and/or other social stakeholders vote on big companies/corporations. He has idealistic believe that Capital will agree on his first propose. My point is, that many of current problem with Capital strike can be solved by simple prohibit of sale/transfer shares in any form. One's you own them, you own them for life and they disappear when you die. That is first step to him Utopia and It is my believe it is as realistic as his first propose, in term of Capital agree on it.
negative interest rates are the only thing that makes sense. money ought to have an expiry date. and if you create more of it than there is value in the system, it ought to decompose even faster.
Sorry but around 30:00 Yanis talks about how instability in capitalism is a bad thing which is a poor way to assess it. In those situations, people become more open to other ideas. They lose faith in the maintstream ideology. In those moments, real change can happen. It's unfortunate that other parties who we dislike and ideas we dislike can grasp the opportunity too but that's the risk associated with radical change.
what motivation is there for people to go towards a new path if the current system provides them with what they need? This is illogical and part of the reason why Yanis will not be able to actually make a change. He talk a good game but his desire to be a 'humanist' as he describes prevents him from pursuing the radical change he continuously mentions.
Yanis, you're a great thinker and economist but your inability to square the circle, to follow through with what you want to happen, will mean that you will forever be consigned to the sidelines of politcal and economic history.
Your time to rise above and become a revolutionary leader was during the Syriza uprising. You should have overthrown Tsipras and taken Greece in the correct direction but because you didn't want to cause any more pain and suffering (in the short term), you let him crush Greece. You moved onto DiEM25 to try and make a change in the EU which is idealistic and unrealistic. You may introduce your well thoughtout arguments but none the less, this movement will be shrugged off and the EU will continue doing what it is doing.
Accept your destiny, Yanis. You have the vision but you need to adopt the appropriate mentality to carry them out. This is the biggest problem of the left. Too concerned with not hurting people. Pursue your vision to the end without equivocation and hesitation.
So he had to hurt people in order to succeed?
Yanis says there is lots of money. It's just not going into the right places.
Yanis thinks money has something like a static value. As a Greek, he should have learned something when Greece went bankrupt..
But money has NO INTRINSIC VALUE. It's intrinsic value is the value of the paper it is printed on.
When it is not being spent or distributed, that is because those holding it understand that doing so will only reveal its lack of value. Withholding money makes it temporarily non-existent. It only has value to the economy when it is circulating in the market. When wood exists in fine furniture in a furniture store, it has value, but not when it is a log laying in the forest.
People mention "Gender Studies," a very rare major (Business is the most common major by far), as the example of a pernicious course of study. Maybe. But did you know? "Financial Engineering" is a major now. I wonder what those people are studying. /s
Why not only Germany in eurozone with euro money and others country not into a eurozone?
Yanis is great lets hope he gets elected and doesn't make the same mistakes as Syriza
Please subtitles in English!!!
6:48 is Ghent really that horrible, Yanis?
A fascinating discussion as ever, although it was odd that A} there was no discussion of the elephant in the room, Turkish politics and B} that Yanis seemed uninterested in the question about the toppling of Qaddafi and his intention to create an African Monetary Union.
Just started watching, was hoping to see both of these things discussed. That's a shame it was not. Thanks for the heads up.
I love Yannis and I am a member of DIEM25, but can't agree with his analysis of Labour's election defeat here in the UK. Mistakes were made and they must be faced so the left can rebuild and win power.
The Greek Oracle
No discussion of populations, over-populations in individual countries and world over-populations. No borders . . .
but does that mean no European borders? Shall Europe absorb 200 million Africans and/or Asians, and everything
is just hunky dory, and never mind if there are insufficient jobs, everyone will benefit the same, etc, etc? Shall the
world have not 7 billion but 50 billion, would that be just fine with Green New Deal Varoufakis? 60 million Mexicans
flooded the US, and it was deliberately caused by the capitalists whose factories could not move to China and
Mexico. It destroyed the lower middle working class of the Rust Belt, whose members were suicided, since even
the lowest wage jobs went to Mexicans, whose dollars were multiplied by 20, the exchange rate of USD to peso.
Does Varoufakis celebrate that lack of borders, which as he says results in the revolt of the masses and fascism?
Yes, migration needs to be discussed. But global population is slowing and will likely decrease eventually.
57:00 not to mention its heartless and cowardly to reduce the livelihood of pensioners right at the moment they are weakest physically... its brutish to the extreme, sub-animal
In my opinion its a gross overstatement to compare greece with a concentration camp, Mr. Varoufakis
When is He talking aboutb Obama?
he has near beginning here. He obliged the call of Wall Street 2008.
How is this Not getting more VIEWS??!!! But a cat video gets millions of views. :(
I remember when Thatcher said there was no such thing as society - what a hoohah that caused!
My father owned a small ad agency for most of his adult life, I have just started a small business. There are 4.5 million SMEs in the UK.
The top 500 firms only account for 37% of world economy
Interesting discussion. The universal dividend scheme, where he gave an example of Google gives 10% of its shares to Turkey doesn't add up. If Google, or any company gave 10% (or even 1%) of their shares to every country they operated in, they would have to give up more than 100% of their shares. Even the rationale for doing so is a bit fishy. The example for Google (always Google, I wonder why), is that everyone has contributed to the capital base of Google by using smart phones with Google apps. But what reasoning can be applied to other companies? How are the capital bases of car companies or supermarkets added to by the general public in order to justify taking some of their shares? It all seems a bit ad hoc to me.
Take Amazon, for example: It can work as It does, because we built roads and infrastructure with our Money. The internet that makes It so powerful was built via research investment from the government. Before that, the computer was created the same way. So, what allows Amazon greatness are things that were invented and built by us as a society.
The Green New Deal is not a source of livelihood. It is a tax on, and an impediment to livelihood.
Children playing baseball knock a ball through a window and the homeowner hires a glazier to replace the glass. A stupid politician thinks this is a boon to the local economy and says children all over town should break windows so that we can create business for the window industry that will then hire workers. He doesn't consider where the money for the glass industry might have been used if it were not for all the broken windows. This politician in this story and the proponents of the Green New Deal might as well hire one man to dig holes and another to refill them.
Yanis in my home country? Why didn't i heard of this damn
Yanis , why not call it, this new phase ofcapitalist-imperialism as ''Fictitious Kapital Domination of Imperialism'' , instead of real capital dominated Leninist Imperialism , as I suggested in 2002 ??? Noam Chomsky is correctly saying it is neither NEW , neither LIBERALISM , but imperialism !!!
38:10 let's not be stupid!
Electromagnetic motors predate the (internal) combustion engine so engineers can't possibly be this stupid, it is a case of there aren't enough minerals in the World for the batteries (not if you want to have 8 billion people with comparable living standards on batteries.). Lets not be ignorant.
@29:06 Aww shucks, thanks Yanis, blush! ::opens book:: ::remembers doesn't need to open book::
I have tremendous respect for Varoufakis but.. he clearly does not even begin to grasp the nature (not even the urgency, but the nature) of what we're going through as far as climate change is concerned. There will be no post-capitalism the way Varoufakis imagines it, because there will not be the kind of civilisation we modern humans can imagine following the collapse of the biosphere we're living through. The world's population is going to crash as a result of biological/chemical/physical processes that barely fit any economical/political models, however progressive they may be. The world's agricultural productivity is going to collapse, and this will trigger chaos, mass migrations, mass hunger, mass disease outbreaks, revolutions, civil wars, conventional wars.. Whether we're on the loony right or the loony left of the political spectrum, we all need food to survive, and to support stable societies. Our food security will crumble as a result of climate change, and whomever buys the pathetic "green" new deals being sold and marketed by the hopium peddlers should first grab a calculator and do the math on all the proposed solutions. They simply cannot work, and they are mostly capitalist money-making ideas camouflaged by an overdose of greenwashing and political smoke and mirrors.
lol have you squeezed your head somewhere!?
"Overpopulation" In where tho!? In Europe if not for the immigrants' population is rapidly decreasing!
Most people are moving to the big cities while outside of them are plenty of green spaces! Look how many ghost towns there are!
I do not like the mis-use of the term capitalism, it's just the value of time so post capitalism would be post-human.
' They simply cannot work, and they are mostly capitalist money-making ideas camouflaged by an overdose of greenwashing and political smoke and mirrors.'
Do you have any kind of practical solution to put forward? Pointing out the problem is not enough.
A social climate of panic does not encourage people to take action and consider reasonable progressive politics. It encourages people to withdraw into themselves, become fearful and suspicious, and be more open to reactionary politics. This is most likely why Varoufakis doesn't lead with a doomsday tale on climate change.
If your solution is to have system change within the next few years, that is impossible. Ideologically, people do not want it. That also means it is impossible because for a functioning democratic socialist society, people need to willingly participate and reproduce it. Most people have accepted neoliberal sensibilities as common sense. That is our starting point. A Green New Deal is something which can be achieved now, which will make a significant difference, and which will open the way materially and ideologically for more radical proposals.
Also do you have any evidence that DiEM25's Green New Deal proposal is 'capitalist money-making', 'greenwashing', or 'political smoke and mirrors'? Maybe you are referring to something else?
A few years ago, the nephew of an old friend of mine was invited to lecture in political economy at Ankara University. During his first week there, he went out with three colleagues to a cafeteria for supper. They hadn't been there long when a man with a mask on his face appeared, shot them all dead and vanished into the night. Since then, his family has learnt nothing more about it - police investigation etc. - and I daresay neither have the good people of Turkey. 💔
sorry but i don´t want "hope" i want realization. tired of eating "hope" and it is what we will have forever and ever this...hope
The church would burn Christ on the bush
Borut Jurcic Zlobec I FULLY AGREE!
Let's be patient and learn from the mistakes of the Soviet disaster and let capitalism make the mistakes before we have concrete scientific ideas.
59:50 Don't forget right wing radical criminal like aleksandar vucic from Serbia .
The next step after capitalism is money based on agricultural grains meaning it has a use-by-date, a shelf life like all other real commodities. In other words money that wears out and then gets renewed by those working on nature's products.
@Ben Dover But you agree that seeds do degrade over time (unlike gold) which will have the effect of stimulating economic activity knowing that ; use it or lose it. If you plant a new crop it'd be better to use fresh seed for better germination obviously. Check Revelations 6:6 for grain based money.
The time aspect is one year for all crops but obviously some crops are harder to cultivate than others. It's correct to evaluate commodities to time spent on production meaning the living costs of the worker during the time it took him/her to complete a commodity from start to finish. What else can one evaluate it to ? Bringing automation into manufacturing has a cheapening effect on commodities ; eschewing reality and making labor obsolete causing unemployment ; a redoubtable practice.
As for man-hours if I understand you correctly, you support wages/flat rate = seeing labor as goods like other commodities ? This is one of the major reasons for social unrest because people are not commodities ; but the things they produce ARE, which makes labor a legal issue not an economical one. Only the products of labor are to be treated as an economical issue but not labor as such.
All man made things deteriorate in time, but obviously some things have a longer shelf life than others depending on the materials & methods used etc. which again refers back to the time spent on manufacturing even the building materials ; everything depends on this principal.
Embracing eco- fascism! Finally!
@@anti-emo4721 lol
@@anti-emo4721 Well then you consider the Bible as fascist or you don't understand the meaning of the word
Yanis is great but I'm not as convinced as he is that capitalism will produce technologies that will dismantle itself.