+A Skeptical Human Yes, but it probably differs from nation to nation in regards to how its represented. The main issue is that despite what Varoufakis is saying. Its pretty evident that Greece, similar to Spain, has been economically irresponsible for decades. Faking their numbers in several ways in order to make their economy seem better than it was. Now that it all blew up in their face, they are talking about how the "banks" are the bad guys while totally omitting their own wrong doings. While I am not saying Varoufakis is guilty himself. The Greeks as a nation have been enabling such behavior and in small ways it has been seen throughout Greek society. Like being a tourist and being ask if you "want" to pay VAT or not. Obviously insinuating that if you did the shop keep would just pocket the tax himself etc. Greece is NOT a victim.
If you watch the other parts of this interview of read what Varoufakis has written about this, he never claims Greece is a victim. He does point out that Greece's situation was no different that anyone else's but it became a scapegoat for a larger issue that was hitting all of Europe. It was long before he was appointed that Goldman Sachs knowingly falsified financials in order to get Greece into the EU and be able to take out these loans. It's also ludicrous to believe that those involved didn't know the financials were fraudulent as it was widely reported and talked about in economic journals at the time. So yes, the previous government shouldn't have allowed this happen and the EU shouldn't have allowed this happen, but everyone was riding high on this weird idea of infinite growth and allowed it to happen. To force austerity measures on a country with so little economic output is mind boggling stupid. Cutting social welfare programs is mind boggling stupid as it is the quickest means of achieving direct capital injection in a starving market (something a lot of pseudo-capitalists seem to forget from their econ classes).
MKTech "He does point out that Greece's situation was no different that anyone else" Which is called DOWNPLAYING ones own guilt and no. "Everybodys" else situations wasnt like Greece. But stating that has the effect of what? DOWNPLAYING ones owns actions. "Oh, sure I committed a crime, but so did everybody else... Therefor I should get a light sentencing. I mean its only fair!" /sarcasm Greece should have never been allowed to enter the EU. Is the EU partially guilty of that, sure, but that doesnt change what Greece did.
the greeks sede pushed beyond the limits. eu made an example out of greece so that other countries dont have the same ideas. it worked in my country. everytime time someone mentions regoniating the debt everybody screams: " we cant do that. dont you remember what they did to the greeks?!!!"
+Rachel Golem Seriously? Greece was and still is capitalist. The private creditors fucked up their due diligence and then the EU bailed them out, by giving *loans* backed by the European tax payers to Greece and forcing them to use those loans to mainly pay off those private creditors. At the same time Greece was forced into making ridiculous cuts in almost all sectors, without any kind of stimulus package, thus strangling the Greek economy by ruining the financial safety of the Greek people and killing off aggregate demand. The military, however, was not allowed to make big cuts, as they still had to buy several Tornados from us (Germany). Nothing of that has to do with socialism. Socialism would be the collectivization of the means of production. This is just plain old capitalism. The biggest asshole wins.
I support Democracy Now. Programs such as this one are broken into segments. At the end of one segment how does one go to the next? Must be a simple answer I'm just missing. Very frustrating.
+golo5000 Alexis Tsipras, was a plant by the German banks. He won before but could not form a government this was the test by the banks and they waited for the right timing for the next election. When the time came to fight the big bank they forced a election fully well knowing he would win again and form a government, but this time to do the dirty work of the German bank. Time to resign prime minister Alexis Tsipras.
if yf had met this challenge by asking the greek people to elect him and like-minded people to government, i would admire him. but he did not. he moved on to the big show as an international talking head. he says he is 'european- minded.' an empty title, but more money in it, i suppose.
Creditors are other EU countries. We citizens of those EU countries also want to say NO! And give no loan to Greeks! It's our choice! Deal with money you have and don't ask for any other loan!
My brain is gonna explode from the amount of information I got from this interview.
I LOVE THIS GUY!!!!
This guy is a steel trap, excellent analysis.
This man did not sell himself to gain the world.
What a great alternative news source. Thanks.
Greeks should be proud to have had this guy in their government. Listen to him.
Great interview, of a great man! Thank you.
respect
Greeks-the Light of the World.
💫
Keep going Mr.Varoufakis.
Just out of curiosity, has this guy and what he's been saying been given any attention by the mainstream media?
+A Skeptical Human He was interviewed by Jon Snow in UK's Channel 4
+A Skeptical Human Mainstream American media? No.
+A Skeptical Human
Yes, but it probably differs from nation to nation in regards to how its represented. The main issue is that despite what Varoufakis is saying. Its pretty evident that Greece, similar to Spain, has been economically irresponsible for decades. Faking their numbers in several ways in order to make their economy seem better than it was. Now that it all blew up in their face, they are talking about how the "banks" are the bad guys while totally omitting their own wrong doings.
While I am not saying Varoufakis is guilty himself. The Greeks as a nation have been enabling such behavior and in small ways it has been seen throughout Greek society. Like being a tourist and being ask if you "want" to pay VAT or not. Obviously insinuating that if you did the shop keep would just pocket the tax himself etc.
Greece is NOT a victim.
If you watch the other parts of this interview of read what Varoufakis has written about this, he never claims Greece is a victim. He does point out that Greece's situation was no different that anyone else's but it became a scapegoat for a larger issue that was hitting all of Europe. It was long before he was appointed that Goldman Sachs knowingly falsified financials in order to get Greece into the EU and be able to take out these loans. It's also ludicrous to believe that those involved didn't know the financials were fraudulent as it was widely reported and talked about in economic journals at the time.
So yes, the previous government shouldn't have allowed this happen and the EU shouldn't have allowed this happen, but everyone was riding high on this weird idea of infinite growth and allowed it to happen. To force austerity measures on a country with so little economic output is mind boggling stupid. Cutting social welfare programs is mind boggling stupid as it is the quickest means of achieving direct capital injection in a starving market (something a lot of pseudo-capitalists seem to forget from their econ classes).
MKTech
"He does point out that Greece's situation was no different that anyone else"
Which is called DOWNPLAYING ones own guilt and no. "Everybodys" else situations wasnt like Greece. But stating that has the effect of what? DOWNPLAYING ones owns actions.
"Oh, sure I committed a crime, but so did everybody else... Therefor I should get a light sentencing. I mean its only fair!" /sarcasm
Greece should have never been allowed to enter the EU. Is the EU partially guilty of that, sure, but that doesnt change what Greece did.
He described payday loans when talking about water boarding.
Thank You
the greeks sede pushed beyond the limits. eu made an example out of greece so that other countries dont have the same ideas. it worked in my country. everytime time someone mentions regoniating the debt everybody screams: " we cant do that. dont you remember what they did to the greeks?!!!"
Good analogy
I think the greek prime minister surrendered because they were threatened in the same way the economic hitman explains in his book.
"The problem with socialism is that eventually, you run out of other people's money". Margaret Thatcher.
"the problem with capitalism is eventually, you run out of other people's money" -me.
+serjthereturn The reason no one said that before you is because its idiotic. Capitalism is voluntary trade. Why not read something?
Gary Williams you read. Capitalism is the private ownership of production, not trade dummy
+Nathan Drake yeah I think he needs a dictionary before a long spell in the library
+Rachel Golem
Seriously?
Greece was and still is capitalist.
The private creditors fucked up their due diligence and then the EU bailed them out, by giving *loans* backed by the European tax payers to Greece and forcing them to use those loans to mainly pay off those private creditors. At the same time Greece was forced into making ridiculous cuts in almost all sectors, without any kind of stimulus package, thus strangling the Greek economy by ruining the financial safety of the Greek people and killing off aggregate demand.
The military, however, was not allowed to make big cuts, as they still had to buy several Tornados from us (Germany).
Nothing of that has to do with socialism. Socialism would be the collectivization of the means of production.
This is just plain old capitalism. The biggest asshole wins.
I support Democracy Now. Programs such as this one are broken into segments. At the end of one segment how does one go to the next? Must be a simple answer I'm just missing. Very frustrating.
preach Yanis
Very clever man
Ohee means Ohee that a way not to be part of the signing of the surrender paper.
+golo5000 Alexis Tsipras, was a plant by the German banks. He won before but could not form a government this was the test by the banks and they waited for the right timing for the next election. When the time came to fight the big bank they forced a election fully well knowing he would win again and form a government, but this time to do the dirty work of the German bank.
Time to resign prime minister Alexis Tsipras.
genius
if yf had met this challenge by asking the greek people to elect him and like-minded people to government, i would admire him. but he did not. he moved on to the big show as an international talking head. he says he is 'european- minded.' an empty title, but more money in it, i suppose.
Creditors are other EU countries. We citizens of those EU countries also want to say NO! And give no loan to Greeks! It's our choice! Deal with money you have and don't ask for any other loan!
if they don't get loans and they have no jobs how would they make payments at all?
Tanner Post
It's they right to think out them selves that!
Sounds to me like Greece is fucked lolololol
viedoklislv obviously you watch too much TV.
Democracy now removing comments that are critical... Such democracy we have here.
KUDOS
Mr. Yanis is most impressive in his values/views ... thanks for introducing him to us on your channel.