Yanis Varoufakis: Capitalism has become 'techno-feudalism' | UpFront
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- Опубліковано 18 лют 2021
- A recent Oxfam study found that since the start of the coronavirus pandemic, the world’s richest 10 billionaires have seen a wealth increase of half a trillion dollars - enough to pay for every person on the planet to get a vaccine.
In this UpFront special, Marc Lamont Hill discusses with economist and former Greek Finance Minister Yanis Varoufakis what is driving the staggering wealth inequalities and how governments are offering socialism for the rich, and austerity for the rest.
socialism for financiers, austerity for the people... sums up the last recession
My PR use to say he is liberal at economy and conservative at the mores - more like liberal at the rich and conservative at the poor!
Brendan O
you got it, I agree. Reset for the people
thats just capitalism
@@frankieboyer9375 sorry mate, thats keynesianism
@Hitme 2moretimes sorry mate but the biggest issues capitalism almost every time (If not always) stem from the govt. then keynesianism never sorted out anything you can see it now, in the 20s and with the marshal plan.
Also at least capitalism works in real life, not like socialism.
Techno-Feudalism is an excellent description, thanks Yanis.
China is everywhere now
oh, *please.* technology and fancy words🙄don't change the fact that it's still *capitalism,* period.
@@marcelinoperez2926 China was made great again , by US. Profit don‘t care any system.
@@rainer7210 agree I know
@@DiandraStarShine Bro, maybe research the topic. This is not capitalism.
Can we just take a moment and appreciate how excellent of a job this interviewer did? Really top notch work.
Yes he placed the softballs on the tee very well, very good note reading skills too. Top notch.
I was thinking the EXACT same thing. Top quality journalism
@Alexander Franke you definitely wear clown shoes with a comment like that
@@carlsontse3622 More Water Army paratroopers, always shilling these comments sections. The grifter's accomplices are so easy to spot now.
First half of the interview was great. Second half was fact-free ideological garbage.
This guy knows about 10 000 times more about american politics and history than the average american...
...certainly, he hasnt been at ground zero of the cabal for his life. He’s outside looking in to America, but that is good . sky news Australia has good perspectives too, thx....
@@ronaldmitchell3665 eh? He’s literally part of the cabal 🤣
To be fair it is not that much of stretch.
Compared to Greece. The history needed to rember does not go that far back and the politics follows a very predictable flow everytime.
Dude got a cool name too coupled with southern European sensiblties and intelligence that might get mistaken for snobbery in places where intelligence does not hold sway.
thats not difficult
Americans only know burgers kingg
"They are not working for humanity they are working for financiers "
Humanity is a bunch of stupid people that keep breeding without the ability to feed their own children, and expecting others to sustain it, what happened in America is Americans problem, not anyone else.
These financiers (the fund managers and traders at investment banks anyway) in turn are working for Joe and Jane public, as it is our pensions and investments that they manage!
@Vicky Zabaras Historically right-wing people killed way fewer people than lefties, the worse thing is that lefties killed their own people in hundred of millions, not wanting to share resources has nothing to do with want you dead, you are not entitled to it, It's not my obligation to keep you alive.
Me, me, me, me meme. God said, "Enough Trump Worship." but less than 7% have ever "heard" God. That's normal. That's why it is such a serious SIN to mislead the sheep. Televangelist False Prophets told tens of millions to vote for Trump -- God's CHOSEN ONE. Election Fraud is one more DEEP FAKE EWE.
hard
Yanis is a brilliant guy and was treated so poorly but no surprise why.... he speaks sense and the world is awakening
In particular where they determined yanis to be a member of the "defective gender". I was particularly impressed that this got by the hate speech detectors
He had the EU pegged
Webster Tarple - before he sold out to demtards in new yourk drumbeated for him.... and when the won... ohhhh this is nato.... and EU.... ohh - and he rolled over... now we have the bizarre game of Rettungsschirm.. umbrella ... with the Euro - planned to fail... and a massive transfer of wealth to these - states.... essential for nato.... and military industrial media complex... they were treated as winners charming in eu bureocrathy.... the one got dropped out... the other here - went biking again... all from one club of spoiled brats - with elite education in sinister private schools... from a certain tribe... sorry... Microsoft gates is caesar.... stands for the corporate accumulation of power worldwide... and we have a scary relationship of leftists and rights - to galton and the charming with education camps - autor of my fair lady... fabian society... do not trust these screw ups...
is the world really awakening tho..? You make it sound as if it's a progress that's already in motion and will complete itself automatically. But I think we have a lot of work ahead of us if we want to make everyone see straight.
@@hansjurgenochsenfahrt6176 Correct, politicians like Varoufakis are actually part of the problem.
"If machines produce everything we need, the outcome will depend on how things are distributed. Everyone can enjoy a life of luxurious leisure if the machine-produced wealth is shared, or most people can end up miserably poor if the machine-owners successfully lobby against wealth redistribution. So far, the trend seems to be toward the second option, with technology driving ever-increasing inequality."
Stephen Hawking
Read "The Midas Plague" by Frederick Phol
@@GoToGuy222 Could you tell us why?
@@SapientEudaimonia This was published in 1954 as a science fiction book. It is a world where robots were advanced to the point where they can do all labor with little or no direction. Society felt that they needed to not waste products made by robots. So they need to make sure that all products are consumed and not wasted. So if you were wealthy you could live in a 2-bedroom bungalow and eat two meals per day and ride your bike. The POOR had to work hard at consuming. They were forced to live in a 30-room mansion, drive 4 cars per day and eat 12 meals per day with no waste. You were cursed with consuming. Oh, and all the robots were connected to the main center with a radio. 1954
@@GoToGuy222 Thanks for explaining this book. Sounds Orwellian. I'll read it based on your explanation alone.
Common knowledge in the historical record for a hundred years. Either we were too naive to think it would ever be any different; or power systems were too dishonest. And probably a good mixture of both.
Finally. A real journalist. Questions that actually invite interesting perspectives. Well informed and poised!
Imagine how sad this state of civilisation must be in for an acceptable level of journalistic integrity to be celebrated?
He was good, I enjoyed the interview too!
@@toyotaprius79 why so bitter? Why not congratulate someone on doing a good job just because others aren't doing so? That makes absolutely no sense.
Varoufakis as usual makes great and significant points. What is new is the excellent questions and interview from the journalist side for the first time.
Yes, the interviewer is on the ball.
Indeed
Truly. 111%
so good i watched it twice... I see Varoufakis I click..
Varoufakis is as boring as ever, always whining about the EU, but never acknowledging that Greece was a failed state who entered the EU based on lies, they hardly have a decent tax system. The 2008 crisis was hardly felt in the North of Europe because our tax and social systems are solid, he is only talking about Greece but as I said that country was just badly governed
Marc Lamont Hill and Yanis Varoufakis: a brilliant pairing here.
"what they [the US] did is re-distribute wealth from the poorest european countries to the wealthiest ones' financiers" you're right this is a brilliant way to spin 'they broadly paid their bills and bought stuff from europeans that also broadly pay their bills and made stuff to sell'
The man is well read and impeccable credentials
@@mnati25 example?
Marc Lamont hill is an idiot
@@buckrogers7115 he's pretty smart he's just not playing devil's advocate
This was the best interview I have ever had the privilege to see.
@@ts8404 Really? Well, I have to say, they know how to hire good reporters because he did a really good job.
Yanis is one of the most brilliant voices I've known in recent times. Always good to hear his thoughts.
The quality of Al Jaz reporting is getting better and better.
I agree ,
Really is one of the only news outlets that isn't completely designed to sway the masses into making decisions to enrich the top
Al Jazira is good for outside Qatar or Qatar subjects
Al Jazeera utterly humiliates the quality American media. Among the worst we have are Fox News, MSNBC, CNN. Next worst are NPR, Infowars and the New York Times. These are all pure, proud political advocacy organizations. Actual journalism still exists at local levels in the USA but not really at national level.
0 virus
Millions AWAKE
Capitalism for the poor socialism for the rich.
Or vice versa like in USA
Socialise the losses, privatise the profits
@@craig5261 Definitely. Bailouts, QE bunch of pathetic man running to the corrupt government for tax payer stimulus. They are lucky individualism has made the public so docile otherwise there should have been an uprising by now.
For me is Capitalism is good if there are no businessman inside the politics because that politicians control the economy that is why they become more richer.,the leftist hate oligarch but if there are no Capitalist?the world has no change.
@@leonngg232 there is no capitalism. Instead we have crony capitalism, rigged markets, price signal manipulation, central bankster theft & corruption. All supported by an ideology called “keynesianism”
Only in feudalism, the peasants had land to grow food on.
Now they can make youtube videos and beg for money on patron.
Hannes, exactly.
@@nataschavisser573 now everybody has the freedom to start a business and become millionaire... the trick is that's not possible
No, they didn’t. Usually the aristocracy owned the land, and the serfs could only stay by paying tribute.
Thus, the comparison to “rent seeking behavior”, as opposed to actual creation by business.
@Arsperficit 37 - absolutely. There’s always a warlord or clan of such. Some are more “just” than others, but any power vacuum would be filled.
What an amazing interviewer! Highly intelligent questions, insight and follow ups. How unusual compared to other mass media. Thanks for that. Keep doing what you're doing!
Interviewer is hypocrite moron. He talk about "structural racism" but for sure he would not talk about real racial abuse, "structural racism" from Arabs (non-white people) against coloured, black workers in Arab (muslim) countries because he work for Al Jazeera. Another atempt to smear on white people, despite Greek people to whom leftard Yanis belongs, never had colonies nor (black) slaves, not that it matters.
The host is brilliant
very principled as well, when I started the video I said isn't that the guy who was fired from CNN over a pro Palestine speech, so googled his name and found out I was right, was worried his career would be ruined for life, so super delighted to see that Aljazeera didn't jump on the bandwagon with other networks in boycotting him or setting him as an example. The Zionist influence in America is insane.
@@itsallsausagetome4059 wow, that's huge..
@@itsallsausagetome4059 you are absolutely right he's an American of African descent and a scholar
too smart for CNN!
His name is Marc Lamont Hill. He was contributor for CNN before he was fired from the broadcaster after advocating justice for Palestine at the UN.
I read Yanis's book called "Talking to my daughter" great read.
He's a fraude .... nobody radical, get's this much media coverage ...NOBODY ...
@@mutanazublond4391 He can get as much or more media coverage. They know it doesn't matter... your response proves that.
“Wasted economic energy,” says it all. Great interview, Professor.
Sounds amazing ❤️
In few years to come people will be kicking themselves in regrets if they miss this opportunity of buying and investing in crypto currency
Mr maxwell has changed my financial status for the best.
Trading in crypto currency is one of the best ways to make money in trading
i met mr maxwell at a conference in Greece for the first time and i invested €6000 and i received €32, 400 after taking his 15℅ profit of trading
They are already trying to bring back serfdom with the "great reset".
Very good. One overdue.
@LazicStefan Well much to my surprise, the reality of income and asset inequality in the US has increased over the last 45 years EXCEPT for the period of the Trump administration. Not perhaps expected by the left, or by me, but nonetheless true. In the world entire, poverty is declining; in the least competitive of the old first world, it shows no sign of improving. Socialist state-interventionist policies show no sign of correcting this, very sadly. Climate change will reduce the condition of life of nearly all people, to the point of collapse. I think that is unavoidable.
Thank you for this discussion. Many, many more people need to see this.
Yes this was a wonderful interview! Shame that we don't have more politicians like this in the USA
"the top 0.01 percent are doing very well, thank you."
I would like to know how they figured that out considering that these people's finances are not exactly public knowledge and even my government does not know how much wealth I, an average earner, own.
@@meikvincenco1584 are you sure that "they" don't know how much "you" own?
@@steliosmandalos9352 How would they? If I buy something worth a certain amount and leave it at my house for 20 years and it increases in value due to it being rare then how would the government know?
How would they know the value of my house for that matter? They know what I originally paid for it, not how much home improvement I did over the years.
Such a small amount of people explain why that matters?
Well, kinda by definition, but yeah.
I did an ECON degree. Yanis is an eloquent and accurate source of economic commentary whenever I see him.
There is no one economist that we should all follow but Yanis is one of the more useful ones.
Which others would you recommend as well, William?
This is an impressive interview. I really appreciate the thorough and substantial nature of the questions the interviewer asks; the way he gives plenty of space for his guest to answer fully and without attempts to re-frame what he says; and the quality of the answers given. Insightful and very worthwhile. Thank you!
Marc, nice to see you again my friend!! CNN's loss
Absolutely their loss !
"my friend"
Thank you Marc and Yanis for this discussion. As someone who played a major role in Occupy Wall Street with the Global Revolution Live stream team, this conversation is one of the most important I’ve seen since our movement almost a decade ago. I’m working on compiling my photos and videos to do exhibits and discussions in upstate NY where I live, now.
Chris Hedges, Richard Wolff and Yanis Varoufakis, three of my favorites. Thanks for sharing this!
All Marxists... what a surprise
@@craig5261 hahah these guys always live in an ecochamber. Thats why they dont understand economics
@Hitme 2moretimes Wow, you really went all out on this moron. I applaud you.
@Hitme 2moretimes Very well put! Excellent.
They are still idiots, it's not the pandemic that causes poverty but the idiotic response of lockdowns that you support you sell out cowards
This needs to be translated to every human language...
I agree!!
Lenin predictad that more than 100 years ago. Just *read Lenin*
@@bodyguardik Every human language and beyond. Including klingon.
14:30 - Also a dirty little not-so-secret behind the kabuki-mask of Japan Inc.
15:50 - The central Bank of Japan is doing the same thing through 'financial easing' under the cover of addressing the pandemic.
18:30 - Kudos to Varoufakis for acknowleding on those his privilege of a boutique lockdown is possible.
Marc's well researched questions made this one of Yanis's most informative interviews.
I can't stop thinking about how awesome Yanis' kitchen looks.
mind-blowing interview, why it is not possible to find these kinds of interviews in the western media? He would have gotten maximum 10 seconds of talk time in any american network program
By making the poor poorer, the US have destroyed a huge sector of her market because the poor cannot afford the goods
Consumer markets are growing in other parts of the world now (witness the growth of the Chinese middle class) so now corporations will sell to them instead of Americans...I don’t think it makes much difference to them...
The US ?? The elites all over the world including the so called poor countries.
@Thomas Hellberg China have created a market as big as the US by alleviating the poor at home. She is also helping Africa to become a market by enabling their economy through the construction of vital infrastructures such as roads, rails and electricity supply
The corporations are global, and thanks to "financialization" they make more money borrowing at low interest rates and lending it back to the government, by buying Treasuries, for a GUARANTEED Profit. Works for THEM.
They don't want you to get the goods, they want you to want to get the goods. You'll work harder and harder to get the goods until you are not useful to them anymore. When you break, you will be replaced. Sounds fun, eh?
Excellent interview questions, host is smart and quick. Well done
After watching so many woeful interviews this stands head and shoulders above everything I have seen.
At last someone who has a real understanding of what is happening and is able to explain it in an understandable way.
As long as our Politicians are in bed with Wall Street and Financiers, we will suffer. So be careful who you vote for!
So true
the financiers and intelligents services work and in hand and are so powerful these days every politican who goes against their agenda is going to have a car accident, drugs found in their office or something similar.
does are vote really matter? who voted for biden or harris ,i cant find a single person ,who admits that one and trump was an act of desperation and failed strategy , i really dont think voters had much to do with ,dnc got exposed for a minute , but all forgotten so soon , they had more expensive strategy 2020/21
@@kidaria1333 Aha The Pompeo CIA Man tra he said, We Cheat, We lie, We Steal. How Sad. Put it all together & it spells for me Doomsday.
Great interview. Wish it was longer.
In particular where they determined yanis to be a member of the "defective gender". I was particularly impressed that this got by the hate speech detectors
2:30 "“They had learned nothing and forgotten nothing.” Talleyrand
on the Bourbon monarchy.
Louis XVI was executed after the French Revolution (1789)
His son Louis XVIII was restored after Napoleon
Louis XVIII died in 1824 and his brother Charles X became king.
Charles tried to rule as an autocrat, disregarding the constitution.
There was a minor protest in 1830 ; inexplicably Charles' nerve went, and he fled to England.
Talleyrand wasn't referring to this episode but it nicely fits his apophthegm.
When you distort the truth society goes into chaos
The Prince De Talleyrand was very precise /idiots always stay idiots!
Thank you for explaining this. I'm an archaeologist/historian, but my background is in a different field. Also: 'apophthegm' = great word. Thanks again!
I love how Yanis speaks truth to power, even though my political outlook is different. Being European I've visited Greece and it's islands several times so I have great respect for his efforts trying to save his country from the EU. Btw I also have 2 of his great books.
Great discourse. Kudos to the host for asking the right questions. Kudos to the guest for clear responses. Great work.
Investing in cryptocurrency is one of the best ways to make money in trading
In few years to come people will be kicking themselves in regrets if they miss this opportunity of buying and investing in crypto currency
Well with the crypto currency market favourable as it's investing now wouldn't be a bed choice.
W. H. A. T. S. A. P. P us for more interesting information tech. +. 1.8.4.8.2.2.8.4.8.3.4.
When the oppressed recognize their shared enemy as a philosophic pessimism about recognizing ones own humanity therefore others ability to recognize us. Make decisions on solidarity, unite the oppressed. Yonis is inspiring.
Well with the crypto currency market favourable as it's investing now wouldn't be a bed choice
I've seen different recommendations about Maxwell trading sevices, he must be very exceptional for people to talk this good about him.
I think Maxwell is simply amazing. Making a profit of $22 in trade cycle with just $6k is just exceptional
We are all in prison. This started about fifty years ago.
Thatcher, Reagan?
Evil Geniuses by Kurt Andersen
😂😂😂 words spoken by someone who's never really been to prison
@Mogulis Valar Shut up
Thats how I feel!
Excellent from Yannis. Extra points from the host. Wow. Clearly very intellgent. Don't get this on the BBC. Fantastic upload thank you
My takeaway: Engaging with a technology platform (or a huge multinational corporation for that matter) is essentially having part of your associated wealth (attention, affiliation, time, money, personal data) extracted by a virtual autocracy aka doing a deal with the devil. We're selling our cultural, ethical, social and individual souls one digital interaction at a time. What a truly frightening cost for us all in the not so distant future (it's already beyond too much).
So 1776
This is the best discussion ever about current financial situation. Thanks ALJ!
Laymen should go easy and be kind to each other in these times. Everyone is hurting.
👏
Great to see these important voices platformed, speaking important truths.
Thank you.
Honest, open, down to earth, not afraid to speak the truth - what a brilliant individual ! I hope we will see and hear a lot more of him in future. Europe, the people that is, would derserve a man like him, not the formerly unemployed and otherwise unemployable " nobles " that they push into so called leadership roles.
Well, maybe people wouldn't rely on Amazon and big box stores if YOU DIDN"T SHUT EVERY SMALL BUSINESS DOWN
Manners and respect oh what a wonderful thing to hear between two people “will you allow me to challenge that” oh thank you thank you gentlemen I so needed to see a respectful discourse
I like Yanis, he tells it straight, even if he's sometimes naive about power brokers as his book reveals.
Yannis Varoufakis looks like he just came from a 'techno-rave' party
The black host is gorgeous
@@bazle64 I'm male, hetro. but what you said made me smile. Good on you Dee
the man is like Yuval Noah Harari but on steroids
@Ari a because how a person looks is so much more important than what they’re saying, right? 🤦🏼♂️
what you were watching here is how interviews should be conducted. MSNBC, Fox News and the rest of mainstream media could learn a thing or two
Problem is, those media outlets are working exactly how the corporations, who pay them, want them to.
Extremely well made interview here, superb mojo for both!
Mmm, it also began when Reagan released laws that restricted income gaps.
It also began when we accepted the stock exchange as a gambling institute with few players.
It also started when an accepted interest, like both the bible and Islam warn against.
It also started when humans thought that personal achievement was not based on all the offerings of support and means around them.
It also started when some started to exploit their own tribe for their own interests and got away with it.
it also started with the appearence of the goverment...
It all started with attachment beyond the current moment
What a great interview fantastic job guys, I missed this interview until now. Thanks for showing it again.
Presenter thinking well on his feet. Good job, mate.
Both gentleman are so refreshing to watch compared to the garbage in most media.
CONGRATULATIONS ON YOUR NEW SHOW!
A great interview to use as a reference and measure against that which continues to happen world wide. Thanks to Yanis Varoufakis and Marc Lamont Hill the interviewer.
lol. I talked about this back in Uni and they laughed at me.
Bc they benefit themselves of that system they don’t have to fight to get it
You don’t bite the hand that nourishes you
They should. Former "minister of finance" of Greece is giving us lessons, really, he should be worried about his own country.
@@glasrazuma933 lol. Thats partially fair. I think one of the bigger misconceptions about Greek finance policy is not that it is ruinous as many suggest, but rather the impact of the burdens of debt, and other integral outside factors can't be understated. The fact that modern day so called neoliberalism acts basically as a new form of Feudalism, is no longer a fringe theory.
@@cztrca It is fringe still because those concepts are only accepted in far left circles.
@@glasrazuma933 What parts do you disagree with and why?
Omg. I've been calling Ted Cruz a fuedal prince on Twitter all month. You guys are on it!
Marc, excellent interview, buddy. You are a pro and I wish you all the best.
Extraordinary clear vision! Unfortunately the world doesn’t appear to be benefitting from such great vision!
I really cannot describe how proud I feel that this man is member of parliament in my country.
Yanis is such an intelligent man he is so on point and succinct when he speaks.
Just like Lenin and Mugabe.
@@pneron2032 Just like Nelson Mandela and Martin Luther King Jr as well. It can go both ways.
@@Rb39-ej5hh What do Mandela and MLK have in common with Yanis?
@@pneron2032 Besides from being good public speakers like Yanis, they were both progressives who sought to improve the material conditions for people. How does Yanis have anything in common with Mugabe?
@@Rb39-ej5hh Yanis is a rhetorician and self promoter. A millionaire socialist who did a photoshoot in his luxury central Athens penthouse apartment *literally* drinking champagne when he was finance minister, when Greeks were *literally* starving outside during the debt crisis. But his rhetoric is all about the poor and downtrodden, so that is enough. It's words, not deeds that count after all. Right?
Although am going to miss Mehdi Hassan am so freaking happy to Marc Lamont Hill
Thank you for the excellent questions, Marc Lamont Hill! I salute you, sir!
Loved the books from this guy, truly inspiring human
I loved this interview but I can't get over the fact that Yanis would make a perfect bond villain..
Because he is so sweet and nice?
Hahahaha ur fakked
"I'm sorry Mr. Bond, but the monarchy must go, along with the techno-feudalism that pays for your toys. You can join us in a better world, or you can disappear like the old world. By means of my SPACE LAZER!"
Is he gonna hit Bond with Avada Kedavra while he's enjoying a martini? If there's a perfect role to cast him, that's Voldemort lmao
Well said Yanis, Techno Feudalism is a great term to describe these companies!
Realy great questions! I love it when a journalist asks questions that I am actually curious about.
Yanis seems like a great thinker and speaker, and also I applaud the journalist/reporter for being on his game with his research and not just being a wooden orator of questions 👏
Yanis is great! Always a pleasure to listen to him. Thank You Al Jazeera.
Monopoly with large corporations is inevitable under capitalism... So techno-feudalism = capitalism.
no man ... that's the usual fallacy that once you notice it, you look at others saying it for years and feel very "pepega"
A Monopoly birthed from a true free capitalist system only exists and keeps existing only because it truly gives the best service for the price.
A Monopoly birthed from our government-run "socialist-wannabe" system inevitably makes that fight of competing against it actually illegal, not just hard.
Notice the guy on the video says " get organized " ...
Where do you think you have better chances of organizing ... in a free lazeir fair system ... or a socialist totalitarian state that holds the right to kill you and rob you of your proprety " for the greater good "?
@@zarodgaming1844 Yeah, people need to understand what we have now isn't capitalism, it's rent seeking. There's so much misconception about capitalism and advocation for heavy government intervention in the economy, which never worked in practice. Sweden had a very heavy socialist economy in the 70s and it didn't work and they switched back to a capitalism based economy, which is how their current public programs are funded.
People should advocate for laws that prevent rent seeking behaviors, such as reforming Intellectual Property laws and ban on corporate donations to government officials.
Yanis is my most favored individual on the planet currently; thank you Yanis for your clear brilliance, and unpacking the complex topics of Global finance for average peoples. I look forward to reading your publications, especially Technofudalism.
I must be late on this but that presenter got fired from a different channel for criticising israel right? Literally haven't seen him since and then he appears here straight into "why are billionaires the worst?" Glad to see he's able to just state his views unlike in the MSM in America
The root of problem of capitalism is the eventual separation between the riches and the poor. You can’t fix this problems in capitalism or if you do, it’s simply not capitalism at the end. It’s just not possible to do anything within capitalism to fix the problem, it can be patched for sometime, but it’s just as time passes, this problem will eventually outrun the good wills.
Your right. I’d much rather live in North Korea 😂
Survival outruns goodwill. Many of guys remain sane because we still see a choice for our families to stay afloat.
@@bombazine2 North Korea is not anything but an abomination of the seven deadly sins.
brilliant and insightful interview, and interviewer bravo to both
Very refreshing to see this conversation in the mainstream
Marc Lamont Hill was gr8, best questions, reporting I have heard in a while.
Varoufakkis was gr8 as well. I will be returning to him.
When the oppressed recognize their shared enemy as a philosophic pessimism about recognizing ones own humanity therefore others ability to recognize us. Make decisions on solidarity, unite the oppressed.
Brilliant discussion between two good minds. Keynesian fiscal and monetary intervention during economic stress should be applied equally between Capital, Labor, and Rents, a la Thomas Piketty. And maybe a 4th split could be added for the "weak" members of society, the aged, youth, minorities, and women. This would combat and mitigate the "economic feudalism " described here.
The monetary interventions "rises all boats" and "trickles down", Pete. But seriously, isn't capital and rental class one of the same? Lastly, for what I've understood two members of the "weak" were legislatively made so; had little to do with economic ability.
Varoufakis, brilliant as always!
Finally something that makes sense during these crazy days! Thanks for this information.
*No 1: Don't Only Hope On Government's Responds On security Matter's And Economy growth,*
*No 2: As An Individual You Should Be Safeguarded And Also Look For Different Self Business And Trade Not Only Waiting on Betterment of Stock market activities,*
*No 3: Most Important Always Save The Little You Can And Think Of What To Do With It When It Become Good For Capital,*
*Because Government Have Failed Us In Aspect Of Security, Economics Activities And Other Trading Systems.*
@Frank Terry
Yes sure Bitcoin trade is great unlike the stock market and other financial market Bitcoin has no centralized location since it operates 24hour's in different parts of the world
Currently the rich stay rich by spending like the poor and investing while the poor stay poor by spending like the rich yet not investing like the rich
Wise words that's just the fact and also what is happening day by day
I'm just so Lucky to have Dr Benjamin as my investor he really understand all methods of Bitcion
We get to see people remain poor due to ignorance and selfishness
When did Marc Lamont move to aljazeera?
someone here in the comments said he was fired by CNN for giving a pro Palestine speech on air
@@nadinos Not surprised, he will flourish in Al Jazeera
I wasn't sure where Marc had gone and today I saw two of his Al Jazeera interviews- happy to see he's somewhere better than CNN. Keep up the great work, wherever you are!
This is a really fascinating conversation and I appreciate you having Yanis Varoufakis on to speak. The only quibble I have with this discussion is this impression that the United States did so much better in its covid-19 response. Do Europeans spend more money in the right places, where is United States designed it's covid-19 to bail out the stock market in the wealthy. They shot trillions of dollars into the economy, but barely any of it hit normal people. We didn't have to spend as much at the top If we had spent more at the bottom, so I don't think that this analysis was quite as nuanced as it needed to be.
Reality is so depressing.
An engaging convo... The guest is blunt and host is good
Another great example of great journalism by Al Jazeera. Varoufakis is a unique intellectual of our era.
They guard all the doors, they hold all the keys, sooner or later someone is going to have to fight them.
They tried in Auschwitz gas chambers too ...
1776
Well said. The part where we are doomed to fight the same fights every time against the power it's tiresome as power will eventually corrupt everthing and when we decide to take action... it will be too late: the bees will be gone by then: no more honey.
Thanks for the Real Journalism!
So much respect!
Great interview with the brilliant Yanis Varoufakis!
Money and equality will never live in the same neighbourhood
Excellent investigative reporter, great interview, open dialogue, loved it, just excellent 🇨🇦🙏🏻
In particular where they determined yanis to be a member of the "defective gender". I was particularly impressed that this got by the hate speech detectors.
When Yanis talks, you listen, his economic vision, views is far greater than the many we hear.
This is a fantastic interview that you'd never see on mainstream news
Fantastic interview! Yanis as usual pure genius...