During 50 half a century of watching politics and world affairs I have not known a period when the disconnect between ordinary citizens and their leaders has been so great. But what is more disturbing is the knowledge that the current system does not allow citizens any meaningful political choices. Regardless for which political party we vote, the corrupt system remains in place because the true power brokers operate behind the political facade. So as ordinary voters our political options inevitably are reduced to one of two appalling options: the lesser of two evils. Choose your poison. Nothing will or can change until the entire system is demolished and replaced by a substantively improved alternative system.
Entire system change is some centuries away still. Apparently our brain has not grown any larger past 200000 years and that might explain why the Sapien remains such a verminous creature. Animal world is far wiser and co exist and only hunger makes them attack another. Sapien attacks and kills constantly. Human advancement is measured by the iphone enhancements. In summary, change is not coming anytime soon.
You should read instead of watching, then. The disconnect between citizens and politicians is nothing like 100, 200, or 300 years ago. It's better than ever. A little over 200 years ago, half of Americans didn't know how to read, people didn't go to school, especially not university, more than half of the country lived in poverty, most people still couldn't vote, and the list goes on. This is just a presentist perspective, thinking the era you live in is unique or has problems unseen prior to now. The same goes for corruption. There were certain institutions where nearly everyone was paid off, from big fish to small fish. It's nothing like that now. There's no point in continuing, it's so trivially false what you're saying. It's just a doom and gloom perspective, paranoia, and propaganda.
Unfortunately the majority of the ignorant public of the west n especially the US are so brainwashed by their fake news propaganda that they still think their criminal nations are a beacon of light for the world. How shameful n despicable
I think we have one great option that no one can take from us. We can choose to buy as little from corporations as possible. Buy your produce from a solidarity agriculture, get whatever you can second hand. By from little stores, not from chains. Avoid Apple, Microsoft. Amazon & Co. wherever you can. These corporations are only so powerful because we give them our money. There are loads of alternatives out there. Like building up a local currency. A bank owned by people. It’s all out there it works. We just need to invest the time to live these alternatives. We vote with our receipt every time we buy something.
Without anyone realising it, we have been colonised by the US. The political parties are a uniparty of Blue Tory, Red Tory, Yellow Tory or Green Tory, so therefore the only option is not to vote for any of them. Voting just gives them legitimacy they do not deserve and lets them carry uninterrupted.
@@thalesnemo2841 why is he/she wrong? Varoufakis is on very far-left ... the party he was/is a member of (Syriza) stinks of communism. just check them out ...
It us our little bubble because out there people are stupid and dangerous... i still at shock at how many people know so little yet are the first to take action in the worst possible way...
Ive been saying this for years, gangsters in suits, extortion is the game, money is to blame. Look at any letters from your local council or government, do this or else, pay this or else, absolutely no difference, just legal gangsters.
Not particularly insightful - gangsters wear suits and are a microcosm of the state - they offer security in exchange they get to rule, that’s the basis of the state itself.
I have been following Yanis Varoufakis for sometime from when he was finance minister of Greece. I can categorically say this is the only European/Westerner who has been involved in politics on a government level who speaks the truth and facts in an undiluted, unbiased and unaligned way. Intellectual, detailed and concise. Everything he has mentioned is the truth. The general population simply chose a myopic view to these facts because they enjoy the privilege from their governments and want to maintain the status quo or they have been too brainwashed to this realism. Either way, the world is changing fast, you can no longer "win" by trampling on others with a bigger gun. We need more people like these to maintain order and diplomacy otherwise the West will descend further into a dreary place for future generations in decades to come.
Welcome To THE UNITED KINGDOM OF ISRAEL. Anybody Know? Where is RACIST SUNAK? Where is SATANYAHU? Where is GENOCIDE JOE? Where is OLAF SUCK5? Where is URSULA VONDerLIER? Where is JUSTIN TRUEDUMB?
I don't remember who said it, but someone smart said that capitalism had made an alliance with democracy because it served it's interest to do so, but that capitalism would part ways with democracy if democracy got in the way of profit. It seems like that is what is happening now. Capitalism no longer sees value in going along with democracy, so it is replacing democracy with bureaucratic authoritarianism that enacts it's will with the force of the state regardless of the wishes of the populace.
Very nicely said. In the meantime, trash media is convincing ordinary people that this represents "cultural Marxism." This misinformation probably cannot be undone.
it's not true capitalism that we have though.. there are so many government controls, but restrictions on TRUE free trade, that it is closer to Fascism
'And a Man sat alone, drenched deep in sadness. And all the animals drew near to him and said, "We do not like to see you so sad. Ask us for whatever you wish and you shall have it." The Man said, "I want to have good sight." The vulture replied, "You shall have mine." The Man said, "I want to be strong." The jaguar said, "You shall be strong like me." Then the Man said, "I long to know the secrets of the earth." The serpent replied, "I will show them to you." And so it went with all the animals. And when the Man had all the gifts that they could give, he left. Then the owl said to the other animals, "Now the Man knows much, he'll be able to do many things. Suddenly I am afraid." The deer said, "The Man has all that he needs. Now his sadness will stop." But the owl replied, "No. I saw a hole in the Man, deep like a hunger he will never fill. It is what makes him sad and what makes him want. He will go on taking and taking, until one day the World will say, 'I am no more and I have nothing left to give.' - Apocolypto (2006)
This is a man who was the Greek minister of Finances at a time where the country nearly went bankrupt. If he knew how economics worked, he would still be in that position and Greece would be a much more financially successful country.
@@TheNcbm I don't really buy that. Unless you are a colossal numbskull, as long as your financial minister can demonstrate that he knows what he is talking about, that is the one minister you listen to. because IF he knows what he is talking about, then he will bring in the money.
@@Alexander_Kale I don't know about economics .... I know that he actually had the most popular vote in the parliament just because he surely inderstands how ecnomoics work and at least this is well appreciated by some of the biggest universities around the world where he teached economics or just get payed to give speeches about this matter. Do the math Compare the current national debt of Greece with the one before all those referendums were signed without his perimision as soon as Greece went to the IMF. These referendums lead to austerity measures and social services and infrastracture sellout and erased any economic future for Greek society. That's the reason he resigned from the most important ministry of Greece in the first place. Right now because of how economics work in your mind, there is no social justice in Greece and the Greeks are going to EU court against their own government about such matters. If you are such in favor of how economics work globally you wouldn't be wining about things like economic polycrises because of pseudo wars payed by capitalistic aliances against wherever they can profit from. Or just go back to sleep in terms of your argument about how economics work.
I don't really buy that. Unless you are a colossal numbskull, as long as your financial minister can demonstrate that he knows what he is talking about, that is the one minister you listen to. because IF he knows what he is talking about, then he will bring in the money.@@TheNcbm
I am both economist and foreign relations expert myself, i mean i studied both and both remained my hobby till now, although I never made it to any significant position in the hierarchy, because I simply could not swallow many of the things that are vital to 'succeed' in nowadays world, especially if you live in a small postcomunistic central European country and end up with your old parents in a small town at least to enjoy some final years together. I travelled a lot around the world and i spent many years in Ireland, Germany and Portugal. Sorry for this long introduction. I have to say, I came to the same conclusions as Mr. Varoufakis within the time, or at least i had strong suspicions, that without data i could not prove. I can tell you honestly, most of the time i feel like total outsider, because i am the only one among my friends, collegues, ex classmates from University, neighbours and even intellectuals, politicians and media in my country, who thinks the way Mr. Varoufakis does. Most of people are either happy conjuncturalists who do not want to change anything and just complain about deplored people and populists or fascist movements, or unhappy loosers who do not fit in this system that systematically skins them, but they do not know why. Actually both of those segmenta do not know why. The first ones have no interest, the second ones have no mental capacity, social capital and education and tend to trivial solutions (it is a chain of reasons and results). So I am happy that I hear the the thoughts finally clearly formulated an explained by Mr. Varoufas, so for the first time I have the feeling that I am not the only one mad. Yes, we experienced privatisations of all business and houses/appartements in Czech Republic and in even more ridiculous way, than Iron Lady did. And with even harder consequences... We have the electricity and gas and mobile data and signal cartel, and evrn despite the fact, that the government owns 51 %of the biggest nuclear plant, the government did not use its power to keep the price low as possible as an antishock therapy, itdid the opposite:shareholders got 5 fold dividend as usual and Czech government got dividend too: most of it it used to support other companies that depand heavily on electricity and gas and just symbolically and very late helped households, so that you did not pay 3 times more fornelectricity and gas, but just 2,9 times more... The effect of such policy was dramatic: we had 30 % cumulative inflation in last 3 years. Corporates became even bigger. And state has no money for anything, because everything is more expensive....Amd the conservative party calls: more capitalism, more privatization. Well, there is not much left: only health care system and schools... Post office was brought almost to bancrupt, so the solution was to close most of offices and fire postmen. The railways have already been divided between 2 companies: 1. Rails and 2.vehicles and buildings and the most lucrative lines privatized, which of course made everything much worse and unstable....Water system was privatized longtime ago too. The municipalities pay for maintenance and reparations, while the corporations just put chlorin to water and sell it through the public pipes to households together with invoices amd without paying for the pipes.... Yes, we support Ukraine rhetorically but we donmot produce and send amunition nor artillery to them. Germany sells it to Israel instead. And yes, according to our government , politicians and academics Hamas are terrorists and Israel has right to self defence. End of story. Not a single interview with a single Palestinian on public tv or radio. But Israel managed to establish Herzl institute of Istaeli studies, in fact a propagandist cell in one of the Faculties of the oldest university,the Charles University. No other country has such privilige...The director is allways on TV and radio, almost daily, inteoduced as an expert on Middle East. Ridiculous...
And yes, thé consequences of thé invisible or impotent, or already non existent leftist parties Are visible everywhere: you have fascist or xenofobic populists everywhere (xenofobic populists Is a Vetter version): Chega in Portugal with 18%, Smer party And Its prime minister and newly even president from similar party in Slovakia, Ano populists movement iwned by ani oligarch And followed by fascist SPD in Czech Republic, AFD in Germány, Maloni in Italy, people like Let Pen or Zeymour in France... And soon Trump in the USA again...But what Will happen, when Trump dissappoints those WHO Will have trusted HIM So much? I mean after thé series of dissappointments....Yes, there can be even worse people than Trump....And here we Are: the very same kept the Russians saying for at least 20+years: IT resulted in the worst war since WW2 And Yugoslavia wars. In other words if not Trump, then Somebody after him Will bring thé world to another Biblical tragedy. But i think, it Will n😊e Trump.
The EU countries (then 19 (?) members) adapted the EU Lisbon Agenda in 2000. An ambitious but immature and fake plan for Europe to become ‘the most competitive economic player in the World’. By focussing on Knowledge Economics or some other illusion. Renewal and reform were the slogans. (Of course) Basically it meant/means going back to 1900...away with socialism and social justice. End of many workers rights. Capitalism and Competition is the game. Utility companies and institutions (established and mostly paid by the working classes!) went (back) in private hands. Good old raw capitalism had to be fully restored. (Let those slave work). Also much more money to the military ind. complex. And TINA: there is no alternative. All this theatre under the guise of Freedom and Rejuvenation. This economic agenda was accompanied by the usual propaganda. No word about the actual implications in the media. (The EU forgot to provide the neceassary public info for this huge overhaul. (In Holland nobody even knows their Lisbon Strategy.). Also...to be fair...most people were chilling, sleeping and having fun. Now people are raidly waking up. Even though the first food bank started in 2002.... Now Amsterdam counts 14.000 homeless persons. Probably more. Never had before since WW1. Not just ridiculous. It is criminal.
Yea privatisation. In Lithuania couple of years ago they "liberalised" electricity providers so instead of one national provider we have 4-6 private ones that buy electricity from national one and sell it to consumers for 2.5times more expensive. But at least we have a choice to choose the cheapest of 5 of them which is 2.5345 times more expensive than previously compared to others that are 2.5349 times more expensive. Very liberal. It's mind blowing how it even happened
@@laius6047 Same in finland. People are selling their houses due to not affording the electricity anymore. Government tried to intervene and keep prices down, and is now sued by the global investors. Our countries have been sold, and we were sold with them as slaves for the global owning class. But Finland is the "happiest country" so we cannot complain
Great interview! Love the phrase: I like more Bastards in power who claim to be Bastards, than Bastards who claim to be working class. Listen to Mr. Varoufakis, Keir!
@@Moikay he's just saying anything negative is associated with fascism. Like xenophobia, anti brexit, etc... But those things are not exclusive to fascism. He said fascism but not the mussolini. But there's no better example than mussolini
Yanis Vafunculu is a lizard-man alien trying to distract from his failings as some greek ex finance minister who panders to the C C P. If he wants to get bonked up the butt, that's his business, he should not be preaching to you about it
Boeing exemplifies the problem of financialization. management is incentivized to neglect the actual product, the engineering, and the work force, and instead concentrates on manipulating the stock price, de-skilling the workers, and cutting corners wherever possible.
Many senior officials receive money from financial lobbies in différent areas like AIPAC to support Israël by sending weapons and Billions of the American Tax workers, what kind of democracy is that
read Internal Combustion, for a history of 100+ years of this style of management in the US. Stock buybacks are the lazy C-Suite answer (nobody got fired for making a buyback)
@@brothermaleuspraetor9505Maybe. I'm not sure if the problem is money or investor/profits. Much of the problem with money might be eliminated if there were no profit motive because, let's face it, everything is accomplished by labor and labor costs are by definition antithetical to profit.
The problem with western society is that it hasn't learned to differentiate between cause and consequences, you can blame, drugs, drug dealers, so called "terrorists", street burglars, serial killers, mass killers and so on, and continue to judge 'em over and over again......there's a scene in the movie WallStreet where they sum all up in a very fair and clear manner; in that scene Gekko tells Fox how the world really functions: (paraphrasing) You don't think we are living in a democracy do you? you ain't that naive are you Buddy? We control the game! we set the rules!.....hahha it even reminded the me that simpson's chapter with the "stonecutters" singing "who keeps the metric system down?, who keeps the aliens in line?...."
I really think you never stayed in Greece during the reign of this guy and his likeminded, probably you didn;t experience the catastropic effects of his childish idea about switchimg overnight to alternative currencies and playing with the savings of millions in turn putting everyone in huge cues before of ATM only to be able to get 60 Euros per day. Is that what makes you proud? I can list more but this is something that I remember not being proud as a Greek.
@@konstantinosvasilakos1240 I think that those politicians which are responsible for the financial collapse of Greece should feel not proud and ashamed.
When a country depends on financing from bankers, it's they and not the people's representatives who hold the power. For the hand that gives stand above the hand that takes. - Napoleon
An Adam Curtis documentary describes how this changed the course of New York City's history after its municipal bond default. NYC always had affordable housing for all working people (like London and Paris always did, and Paris sort-of does, still) before the bankers took it over.
Fifty years ago, two people earning minimum wage could rent a decent apartment in ANY American city, and make a start. No social media or cameras following them around for life, either.
@@Electra-xm7lu Napoleon would have bitch slapped Hitler back to the Stone Age for being a moron. Napoleon GAVE A SHIT. Hitler did not. Napoleon 1st Action as a Leader of any army was to make sure they were fed better then every other French Army. Hitler had loyalty because his goons would shoot you if you EVEN SPOKE against Nazism. Hitler was Nothing compared to Napoleon.
00:03 Capitalists in power are not using their incredible potential for the people. 02:11 A documentary focused on the repercussions of the 2008 financial collapse. 07:02 Power in modern Britain primarily rests in the hands of those who own everything 08:53 Power shifted from homogeneous to split realms under capitalism 13:56 Financialization has transformed from insurance contracts to options to buy and sell shares. 16:17 Financialization is a massive gambling extravaganza with privatized profits and socialized risk. 20:16 Thatcher's policies led to financialization and exploitation of working class 22:13 Privatization as a way to involve average citizens in share ownership. 26:23 Electricity markets are a crime against logic 28:19 Capitalism's cartel-like behavior and lack of accountability 32:50 Trump's election not solely based on racism. 35:01 The left is facing a crisis, with the rise of fascists and ultra right-wing conservatives in government. 38:59 The political challenges of rising to the neoliberal economic settlement in the UK 40:49 Left's struggle in capitalist crisis 45:05 The Israeli Defense Forces are expelling and diminishing the authority of the Palestinian people, while others claim to care about human rights but only prioritize the human rights of their own. 47:22 West's public opinion supports Israel's genocide 51:43 International pressure can end conflict in Gaza Crafted by Merlin AI.
other nations did not reject shit, we in russia got same mafia but no one elects it and it is worse than any of western ones. At least we have an opposition to system
51:00 here in Germany there is certainly no international pressure to end the war. Here in my city of Hamburg there are electronic signs put up by the government saying "as the government we officially support Israel's offensive", which is quite dystopian
Frankly I am appalled by how shitty the German government has become. The only thing to do is to spread the message that “Deutschland ist im Arsch”. Sogar die Eisenbahn ist nicht mehr pünktlich. Die Städte sind verschmutzt. Die Industrie wird weniger und niemand kauft diese Lügen von Politiker die keine Ahnung haben. Armes Deutschland ich trauere für Dich das alles so runter geht und niemand mehr ein Gewissen hat.
I want to live in a different world. I want to live in the world of Yanis. He is very knowledgeable and what he says is what I think, especially about Thatcher. She has caused the problems our country has today and Yanis explained that very well.
We must vote the RIGHT people in .....its as easy as that ..... yet we know the practicality of getting this right is ...difficult as ..... but imagine millions of right hearted people United all over the world .... helping each other to make this a reality with the internet this is possible NOW quickly ..😏😉we have to start fighting intensively and intelligently and coordinately ...YANIS got a party going I think otherwise join Russel Brand's group ...things have to evolve like this if we are going to change this Monster System
Thank God we have such beautiful souls such as this handsome Greek man. Yanik, you are a breath of fresh air. Love from Morocco 🇲🇦 Yes, Morocco 🇲🇦 in North Africa ❤
Excuse me...Not just a working class person. People like you (and me) basically keep countries afloat. This is how the slave system works: by giving us...citizens.. no time instead of it all. No time and no room to let experiences sink in, nor space to think about alternatives, no time to digest what is really going on. Must say; a very evil but very cunning system. Gradually installed before our very eyes. (The average person does not understand how damaged many VIPS are and how scared.) Love and light.
Fantastic summary of the ethics around Palestine. As Yanis said, the rest of the world is stunned by the West's hypocrisy and support for Israel. Huge props to Yanis for calling out Israel's actions as genocide.
Nothing shocking, really, amongst those who follow geopolitics at least. It's a big reason why they didn't buy into the Ukraine narrative. It was obviously a proxy war and another example of NATO's illegal and brutal wars, coups, piracy and slaughtering (Yugoslavia, Syria, Lybia, Afghanistan etc.). This doesn't even include all the illegal killings of millions by the US Army.
Access to the Suez canal is vital for Europe's economy and Israel is it's gatekeeper. Taking 1400 years of history between Europe and the muslim world into consideration leaves them with no other option but unconditional support for Israel. Which has created the situation that they enjoy impunity to do whatever they want.
Genocide means something vastly different. If he uses the word "genocide" in this context, its extremely clear to anyone with a proper functioning intellect and mind, that he is not being honest, or is not in control of his own mind.
Should have started off by reading a dictionary. It's crazy how weak people are, so much so that they have to redefine words to coddle their insecurities.
I have a rant to make here. In October 2023 I bought the book Tecnofeudalismo by Varoufakis on Amazon and paid for it (English edition, because there was no Portuguese edition yet). Amazon didn't deliver the book to me and I decided to sue the company. My lawyer did what was necessary and the Brazilian judge in the case granted an injunction forcing Amazon to deliver the book to me immediately under penalty of a fine. Amazon did not comply with the decision. I haven't received the book yet. I'm starting to assume that Amazon, the greatest symbol of Technofeudalism always mentioned by Varoufakis when he talks about the new book, is sabotaging the circulation of his work in Brazil. Does it not want me to read and promote the book? This is outrageous and ridiculous.
You can really tell this man was an educator because he explains everything in a clear, concise way that even the average layman can understand! I feel like I've learned more about how we got to this point in this one video than in the dozens I've watched in the past few months!
How 4000 , before Judaism and even Abraham migrated to Palestine or Falastine in Arabic , there were Canaanite’s who were pagans in Palestine. The current Palestinians are converted Canaanite’s to Islam and Christianity. They have archeological, historical and DNA evidence unlike Polish migrants who have 100% Polish DNA.
"Conflict?" Rather, I should think it's a hideous, land grab / ghastly, Genocidal slaughter, to be sure. Call it like it is, my friend. Moreover, I find it fascinates me, endlessly; that some Jewish radicals attributed the Nazi mindset to themselves, in order to steal Palestine, outright, and call it their new homeland, Israel; No Less! A monumental case of P.T.S.D., blown into something monstrous. Most of all, is that the rest of the so called civilized world tacitly approves of this grand larceny, and genocide to rival the hell out of Hitler's dreams! Can you dig this? Thank You, Dr. Mullane
Yeah Keir really has little between his ears as Yannis said. He is projected to win a landslide bc of disastrous Tory mismanagement. Instead of doubling down on the policy platform that Labour members voted on - he's discarded every single plank. He doesn't need the corporations or the establishment to approve him - he has the public votes. What an absolutely disgraceful twat.
I wish more people would take the time to listen to Yanis. Most of his presentations/interviews are rather lengthy which most working people do not have the time for. When there is so much going on at one time in the world, in monumental scale, information overload can be a killer. Pretty sure this is all by design.
It might seem like there is a plan, but nobody understands, and nobody is in charge. The current economic and international system is ungovernable and few even try to understand it.
I dunno. Most working people will listen to hours and hours of music and reality TV. It's one thing if they genuinely don't have time because they're working a job which prevents that, but people still have commutes, and even some time at home when it could be on in the background. Working people may not have time to read up on theory, but I struggle to believe they don't have time to listen to an hour long interview, even in multiple sittings. At that point it's more about not being able to find it, or not knowing it exists, than not having the actual time to listen.
You explained his pull so well..... He speaks knowledgeably, honestly and presciently about the state of the world today, finance, philosophy, politics and power. He has influenced my own forays into the financial markets space, all the way here in Kenya.
If one is honest, brave, intellectual and challenges the status quo, they will call him narcissistic, sociopath, delusional. Being different is seemed as a mental health problem in current world.
Wow... what a strong interview! There's every mood in it: serious, funny, shocking, truthful. I'll remember this interview for a long time. A must see video. 👏💪
Yanis, offers a contemporary view of capitalism in an accessible way. The analysis is accurate I think but it is very depressing where the culture is going to. Where is the hope?
@@Olyfrun "Better politicians" has never, and can never, be the source of hope under capitalism - if someone is listening to Varoufakis and has read his books, that is the absolute minimal least you have to know.
I wish some American politicians would start taking some of Yanis's talking points and policy prescriptions. We need anyone at all who will say what is actually happening.
In order to get elected, American politicians need to be amenable to powerful interest groups who hate everything Yanis stands for. You won't find any American politicians taking on his agenda. In my opinion, you need to build a party that rejects the necessity of donations from these interest groups and rejects the capital-friendly nature of the state in general in order to have any chance of addressing these problems.
Greetings to you from a Turk, Yanis Varoufakis, there is a need for people like you in the West who are not afraid of Zionist Israel and speak the truth!
This has been one of the most interesting videos on UA-cam in the last couple of years. The clarity of thinking of the ex Finance Minister of Greece is refreshing and inspiring.
protests rather than voting… the french revolution was crowds in the streets. the end of apartheid in my country south africa was crowds in the streets … the dismantling of NATO will be crowds in the streets of europe … not just BLM and gay rights protests - we need energy security protest & demilitarization protests and tax the oligarchs of europe protests …
Engage in organizing and community building. There you provide an environment for open debate on meaningful topics. There you uncover supremacist motives from objective reality. I believe this is important.
The telling part about gaza is this thing Sunak and a few people have mentioned about Israel governing gaza when its all over, I think he dropped it twice in PMQ s
Considering the Gaza Arabs rely upon western charities and western funded UN aid they have shown they can't manage their own affairs and simply allowed Hamas to take over and prepare for another battle they can't win. If the Gaza Arabs can't govern themselves someone else has to do the job to reduce the chances of ongoing chaos.
The telling part is we are all talking about Gaza and Israel at all. UK policy will just imitate American policy. Discussing it is a waste of time and our politicians should just talk about British problems.
Gaza is part of Israel since they failed in their rebellion. You should consider pushing for Gazans to use diplomacy so the can vote in Israel elections since war failed them.
Far from being a "second rate economist" he's a first rate analyst of everything that's wrong with the way things work now. I recently cancelled my Labour membership because I realised that, as a Socialist, I'm not welcome.
I am beginning to think like that too. Despite being brought up in a Socialist Household. I have yet to find a Party that actually reflects my honest, Socialist views.. 🥲🥲🥲
I came to the same conclusion... There is more democratic socialism in the green party than the Labour, Corbyn's treatment showed that only a soft neoliberal Labour party was permissible. @@eightiesmusic1984
I recently started trading in July, invested 50k with h e r and my portfolio is currently worth slightly over 170k. That's alot more than I make in a vear from my job
Lol you describe an ultra capitalistic society with 0 comlany restrictions and say capitalism is dead. You contradict yourself 😂 Also democracy never really existed in a fair form, so your lack of knowledge of simple history and economics really showcases you are probably a disilusioned bigoted conservative that needed decades to realise what some do in their teenage years. Keep trying to think, you'll get there eventually😮
13.12. I remember the footage from number 11 at the time. There was no sound - the BBC did the v/o - but I remember Varoufakis, without a tie, lounging on a couch like a boy in a sixth form common room - insolently relaxed - wonderfully unimpressed - while George Osborne perched on the edge of his seat, knees primly together, wearing a sans serif single button Spencer Hart suit - his skin translucently porcelain white, sat, effete and ill-at-ease, fingers clenched together, earnest and patrician. What YV gave was effectively the Chomsky Response.
This is the most enlightening analysis of our present condition out there. Should be required viewing of all aspiring leaders. I'm contemplating tax policies to make the renters support essential societal functions. I’m contemplating a completely secular and democratic Israel renamed Palestine. The idea of a Jewish state in Palestine was insane and is proving itself to be so every day.
I love (in a non-romantic way) Yanis. He has more integrity in his little finger, than most politicians have in their entire bodies. As is usual for humans, most won't recognise his value until he stops battling on all our behalfs. Thanks for this enlightening interview.
Yanis makes the same mistake, over and over. You first have to win power, that's important. Second you need to keep power, that's important too. He didn't. I don't care who's leader of Labour. First job win. If you don't as far as I'm concerned, you're useless goodbye. Starmer is doing what is necessary to get power. Going to where the key voter's are. So far so good. Understand if tories have power, people die. Or did you not live through austerity and Covid?
@@kerryfry1857 Don't be stupid. Varoufakis lost power for the same reason Corbyn did; the people who put Sunak into office don't want anyone in power who will alter the status quo. Starmer has publicly said he would rather be at Davos than in parliament; he is a member of the Trilateral Commission, a body set up by Kissinger, inter alia, to advance corporate capitalism. Starmer will be far worse than Sunak. I hate the fucking Tories and my MP is Chris Grayling, a c**t of the first water, but I'd rather vote Tory than for a Labour party led by Starmer. Wake up!
I like it that he says that Western democracies is overrated. In the middle East people live better. In the capitalist west people are dyingg out but in Gaza the average women has 6 children. Think about it.
@@captainchaoscow Let's take a look around the world at the successes of birthing. Middle east you just get more terrorists or jackases who support it through their silence and complicity. In Europe now you have socialists/communists who forgot the major war last century and rolled over to be children told what to think and how to live. How nice. In America you have the working class 30% who won't pay attention to them being conned and stolen from by their mafia government, the 2% psychotic communists pushing the idiotic 28% Democrat "Ignant" voter who votes "D" every election and a steadily growing 20 to 35% Republican movement fighting the 5% elected RINO a-hole turncoats who sadly keep being found out after elections making up 90% R majority. America is importing the world's population fleeing the mess they won't clean up themselves, and the majority of them don't care about adopting Independance and Capitalism. WWIII is imminent and who knows how it'll turn out, but saying Middle Easterners live better because they're squiring out potential bomber babies is asinine.
@@Persun_McPersonson You are right. Everybody knows, the poorer you, are the lower your social and financial status the more women want to sleep with you. But you can't afford contraception. This is a real problem in the real world.
I just realized that governments don't allow us regular folk to bet on risky financial derivatives / hedge funds, although the risk would only be to us individually. If I lost a bet, I'd be on food stamps. At the same time, the billionaires are allowed to bet, even though in their case, the risk is not that they'll go bankrupt, but that the ENIRE SYSTEM goes bankrupt!
This gentleman is an honorable academic, Politian and person of integrity. I highly appreciate his courage and moral stance. I would like to know the name of the 'Documentary' you have just mentioned.
This underlies the problem with the global north, we have no moral capital left with which to take the moral high ground against an emerging multi polar world. We flout our own laws when they don't serve us, we arm spurious entities and states, we train insurgents when they're useful and cry when they turn on us. Is what's coming better? Probably not, but we need to stop spending so much capital on maintaining control, because it is financially crippling us in the process.
@@tiagomestre8487 I would find it impossible to argue with your position, this is more for the newly disillusioned that were incapable of seeing past the patina of morality.
37:30 Finally Yanis, finally! Government finances do not operate like a household budget! You should have led with that. Shouting about MMT from the rooftops!
I love that Joe has such a good relationship with Yanis Varoufakis and interview him regularly because he is one economist who sees the future clearly !!
If someone doesnt know the back story of Yanis and you dont have time to read books, here is a movie about his political career and what happend in Greece. movie is called : Adults in the Room
Also, Minister of Finance in Greece for half a year. He took one look at their finances, told his boss to mooch money off of the EU, then turned around and left. For some reason, the EU didn't kick out Greece when they did that...
What upset me was the fact that Goldman Sachs is the one who lied to the EU about Greek financial stability. Almost as if the folks at Goldman were trying to weaken the strongest economic power that actually protects the working class rather then pure socialism for the elite and gritty capitalism for the bottom.
@@Alexander_KaleWasn't he against the repeated extent and pretend loans from the EU? From what I've read, he wanted to restructure Greek debt, link debt repayments to Greece's economy growing and avoid the harsh and destructive austerity that the EU was forcing on Greece. Those are all highly agreeable positions.
@@Rb39-ej5hh If you are greek, yes. From the EU side, it amounted to debt cancellation, which of course the EU was somewhat against accepting. Basically, he went to the EU, demanded that they forgive the loans, and when the EU told him to get stuffed, he quit his job rather than putting in the work and try to pull Greece out of the hole its various governments had dug for themselves.
@@Alexander_KaleBut the EU wasn't getting their money back anyhow. They just kept giving Greece new loans to pay for older loans in order to make Greece appear solvent, ie. extend and pretend. Also EU imposed austerity was wrecking havoc on the Greek economy and weakened Greece's ability to actually pay back their debt, which was a problem for Greece and the EU. Yanis' apporach was pragmatic in my view, because Greece needed to recover before having a stable base to actually repay their debt.
During 50 half a century of watching politics and world affairs I have not known a period when the disconnect between ordinary citizens and their leaders has been so great. But what is more disturbing is the knowledge that the current system does not allow citizens any meaningful political choices. Regardless for which political party we vote, the corrupt system remains in place because the true power brokers operate behind the political facade.
So as ordinary voters our political options inevitably are reduced to one of two appalling options: the lesser of two evils. Choose your poison. Nothing will or can change until the entire system is demolished and replaced by a substantively improved alternative system.
Entire system change is some centuries away still. Apparently our brain has not grown any larger past 200000 years and that might explain why the Sapien remains such a verminous creature. Animal world is far wiser and co exist and only hunger makes them attack another. Sapien attacks and kills constantly. Human advancement is measured by the iphone enhancements. In summary, change is not coming anytime soon.
You should read instead of watching, then. The disconnect between citizens and politicians is nothing like 100, 200, or 300 years ago. It's better than ever. A little over 200 years ago, half of Americans didn't know how to read, people didn't go to school, especially not university, more than half of the country lived in poverty, most people still couldn't vote, and the list goes on. This is just a presentist perspective, thinking the era you live in is unique or has problems unseen prior to now.
The same goes for corruption. There were certain institutions where nearly everyone was paid off, from big fish to small fish. It's nothing like that now.
There's no point in continuing, it's so trivially false what you're saying. It's just a doom and gloom perspective, paranoia, and propaganda.
Unfortunately the majority of the ignorant public of the west n especially the US are so brainwashed by their fake news propaganda that they still think their criminal nations are a beacon of light for the world. How shameful n despicable
I think we have one great option that no one can take from us. We can choose to buy as little from corporations as possible. Buy your produce from a solidarity agriculture, get whatever you can second hand. By from little stores, not from chains. Avoid Apple, Microsoft. Amazon & Co. wherever you can. These corporations are only so powerful because we give them our money. There are loads of alternatives out there. Like building up a local currency. A bank owned by people. It’s all out there it works. We just need to invest the time to live these alternatives. We vote with our receipt every time we buy something.
Without anyone realising it, we have been colonised by the US. The political parties are a uniparty of Blue Tory, Red Tory, Yellow Tory or Green Tory, so therefore the only option is not to vote for any of them. Voting just gives them legitimacy they do not deserve and lets them carry uninterrupted.
I wish this type of stuff was put in the faces of millions and millions of people rather than the mainstream news media slop that is served every day.
@RiCHeeGeethe mainstream media is vastly more communist than this guy.
@RiCHeeGee
You are so wrong as to be REICH !
@@thalesnemo2841 why is he/she wrong? Varoufakis is on very far-left ... the party he was/is a member of (Syriza) stinks of communism. just check them out ...
I wish less people would fall for these anti-white communists.
@RiCHeeGee the truth is you nazi propaganda??
Yanis is the person I most recommend to anybody who wants an articulation of the systemic issues we face, and of where it is heading.
I agree entirely. He is one of the best communicators in academia and politics today.
Yanis, you Rock!!! Most sensible politician I have ever had the pleasure of listening to. The only one whose words I believe. ❤
yes, asking a greexiteer about anything is always the best possible choice. its working great for UK
In addition, Mark Fisher will help shed light on systemetic issues and it's not the individual's fault. very powerful.
Me too
I am Turkish and fan of Mr. Varoufakis. This gentleman has high MORALITY and very intelligent! He always tell the TRUTH!!
💯
ofc you're a fan. That man hates Greece to his core, you have that in common.
😂😢😂😢 ❤😊😊a😊😊Z😊😊a 😊m❤ ❤A ❤❤❤ 0:22 ❤❤❤❤❤❤ 0:22 1 0:22 0:22 😊 0:22 _ ::,,::.❤/-a😅a❤w a a e a e a e a
"and so am I" /fixed for him
We neeeeeeeeed him in Australia to help us drain the swamp 😅
If I'm not mistaken, Socrates once said (he certainly didn't write it):
The greatest form of injustice is that which presents itself as being just.
Plato’s republic
Exactly fit to describe the US
@user-ie5ms3vu1w I don't trust documentaries that use A.I. generated narrators. If you make a film, attach your voice to it!
What he actually said was bend over little boy and take it.
Of course, he framed it in political terms.
What a weird statement to make.
If he didn't write it, where is it documented that he said it?
I love coming here. The comments remind me that I am not alone.
Same
I know right! We aren't going mad! 😊
It us our little bubble because out there people are stupid and dangerous... i still at shock at how many people know so little yet are the first to take action in the worst possible way...
Many bots and yt censors the truth
it’s just an illusion. you are alone.
Ive been saying this for years, gangsters in suits, extortion is the game, money is to blame.
Look at any letters from your local council or government, do this or else, pay this or else, absolutely no difference, just legal gangsters.
Would you say you have anarchist sympathies, then?
Smedley Butler?
You are the customers of these gangsters, you don't think the oil you use has come without families being " "displaced" ", do you?
🎯
Not particularly insightful - gangsters wear suits and are a microcosm of the state - they offer security in exchange they get to rule, that’s the basis of the state itself.
I have been following Yanis Varoufakis for sometime from when he was finance minister of Greece. I can categorically say this is the only European/Westerner who has been involved in politics on a government level who speaks the truth and facts in an undiluted, unbiased and unaligned way. Intellectual, detailed and concise. Everything he has mentioned is the truth. The general population simply chose a myopic view to these facts because they enjoy the privilege from their governments and want to maintain the status quo or they have been too brainwashed to this realism. Either way, the world is changing fast, you can no longer "win" by trampling on others with a bigger gun. We need more people like these to maintain order and diplomacy otherwise the West will descend further into a dreary place for future generations in decades to come.
Some people may disagree with everything Yanis Varoufakis said, but your comment is worthy of note.
@@trumpforever6706 some people think injecting bleach is a good idea.
He speaks BSh. But you like his BSh so you think it is the truth 😂😂😂
Welcome To THE UNITED KINGDOM OF ISRAEL.
Anybody Know?
Where is RACIST SUNAK?
Where is SATANYAHU?
Where is GENOCIDE JOE?
Where is OLAF SUCK5?
Where is URSULA VONDerLIER?
Where is JUSTIN TRUEDUMB?
@@aethionr4478yes, but many more wear masks in their car 😉
I don't remember who said it, but someone smart said that capitalism had made an alliance with democracy because it served it's interest to do so, but that capitalism would part ways with democracy if democracy got in the way of profit. It seems like that is what is happening now. Capitalism no longer sees value in going along with democracy, so it is replacing democracy with bureaucratic authoritarianism that enacts it's will with the force of the state regardless of the wishes of the populace.
Very nicely said.
In the meantime, trash media is convincing ordinary people that this represents "cultural Marxism." This misinformation probably cannot be undone.
100%
Welcome to Australia
Sounds correct!
it's not true capitalism that we have though.. there are so many government controls, but restrictions on TRUE free trade, that it is closer to Fascism
'And a Man sat alone, drenched deep in sadness. And all the animals drew near to him and said, "We do not like to see you so sad. Ask us for whatever you wish and you shall have it." The Man said, "I want to have good sight." The vulture replied, "You shall have mine." The Man said, "I want to be strong." The jaguar said, "You shall be strong like me." Then the Man said, "I long to know the secrets of the earth." The serpent replied, "I will show them to you." And so it went with all the animals. And when the Man had all the gifts that they could give, he left. Then the owl said to the other animals, "Now the Man knows much, he'll be able to do many things. Suddenly I am afraid." The deer said, "The Man has all that he needs. Now his sadness will stop." But the owl replied, "No. I saw a hole in the Man, deep like a hunger he will never fill. It is what makes him sad and what makes him want. He will go on taking and taking, until one day the World will say, 'I am no more and I have nothing left to give.'
- Apocolypto (2006)
"And then even the Care Bears blew loud raspberries at this treacly twaddle."
In Buddhism that is known as desire and desire is never satisfied.
@@lah6739 dukka
When my brother went around quoting Mel Gibson he got thrown out of the Denny's
It's not a made up tale for the movie that's a true bit of Mayan folklore and stories, my grandpa told me many.
This is a genuinely decent human being who speaks the truth.
Decent or not, marxism is a delusion that nobody should fall for, and yet he does, it makes no sense
This is a man who was the Greek minister of Finances at a time where the country nearly went bankrupt. If he knew how economics worked, he would still be in that position and Greece would be a much more financially successful country.
@@TheNcbm I don't really buy that. Unless you are a colossal numbskull, as long as your financial minister can demonstrate that he knows what he is talking about, that is the one minister you listen to. because IF he knows what he is talking about, then he will bring in the money.
@@Alexander_Kale I don't know about economics .... I know that he actually had the most popular vote in the parliament just because he surely inderstands how ecnomoics work and at least this is well appreciated by some of the biggest universities around the world where he teached economics or just get payed to give speeches about this matter. Do the math
Compare the current national debt of Greece with the one before all those referendums were signed without his perimision as soon as Greece went to the IMF. These referendums lead to austerity measures and social services and infrastracture sellout and erased any economic future for Greek society. That's the reason he resigned from the most important ministry of Greece in the first place. Right now because of how economics work in your mind, there is no social justice in Greece and the Greeks are going to EU court against their own government about such matters.
If you are such in favor of how economics work globally you wouldn't be wining about things like economic polycrises because of pseudo wars payed by capitalistic aliances against wherever they can profit from. Or just go back to sleep in terms of your argument about how economics work.
I don't really buy that. Unless you are a colossal numbskull, as long as your financial minister can demonstrate that he knows what he is talking about, that is the one minister you listen to. because IF he knows what he is talking about, then he will bring in the money.@@TheNcbm
I am both economist and foreign relations expert myself, i mean i studied both and both remained my hobby till now, although I never made it to any significant position in the hierarchy, because I simply could not swallow many of the things that are vital to 'succeed' in nowadays world, especially if you live in a small postcomunistic central European country and end up with your old parents in a small town at least to enjoy some final years together. I travelled a lot around the world and i spent many years in Ireland, Germany and Portugal. Sorry for this long introduction. I have to say, I came to the same conclusions as Mr. Varoufakis within the time, or at least i had strong suspicions, that without data i could not prove. I can tell you honestly, most of the time i feel like total outsider, because i am the only one among my friends, collegues, ex classmates from University, neighbours and even intellectuals, politicians and media in my country, who thinks the way Mr. Varoufakis does. Most of people are either happy conjuncturalists who do not want to change anything and just complain about deplored people and populists or fascist movements, or unhappy loosers who do not fit in this system that systematically skins them, but they do not know why. Actually both of those segmenta do not know why. The first ones have no interest, the second ones have no mental capacity, social capital and education and tend to trivial solutions (it is a chain of reasons and results). So I am happy that I hear the the thoughts finally clearly formulated an explained by Mr. Varoufas, so for the first time I have the feeling that I am not the only one mad. Yes, we experienced privatisations of all business and houses/appartements in Czech Republic and in even more ridiculous way, than Iron Lady did. And with even harder consequences... We have the electricity and gas and mobile data and signal cartel, and evrn despite the fact, that the government owns 51 %of the biggest nuclear plant, the government did not use its power to keep the price low as possible as an antishock therapy, itdid the opposite:shareholders got 5 fold dividend as usual and Czech government got dividend too: most of it it used to support other companies that depand heavily on electricity and gas and just symbolically and very late helped households, so that you did not pay 3 times more fornelectricity and gas, but just 2,9 times more... The effect of such policy was dramatic: we had 30 % cumulative inflation in last 3 years. Corporates became even bigger. And state has no money for anything, because everything is more expensive....Amd the conservative party calls: more capitalism, more privatization. Well, there is not much left: only health care system and schools... Post office was brought almost to bancrupt, so the solution was to close most of offices and fire postmen. The railways have already been divided between 2 companies: 1. Rails and 2.vehicles and buildings and the most lucrative lines privatized, which of course made everything much worse and unstable....Water system was privatized longtime ago too. The municipalities pay for maintenance and reparations, while the corporations just put chlorin to water and sell it through the public pipes to households together with invoices amd without paying for the pipes.... Yes, we support Ukraine rhetorically but we donmot produce and send amunition nor artillery to them. Germany sells it to Israel instead. And yes, according to our government , politicians and academics Hamas are terrorists and Israel has right to self defence. End of story. Not a single interview with a single Palestinian on public tv or radio. But Israel managed to establish Herzl institute of Istaeli studies, in fact a propagandist cell in one of the Faculties of the oldest university,the Charles University. No other country has such privilige...The director is allways on TV and radio, almost daily, inteoduced as an expert on Middle East. Ridiculous...
And yes, thé consequences of thé invisible or impotent, or already non existent leftist parties Are visible everywhere: you have fascist or xenofobic populists everywhere (xenofobic populists Is a Vetter version): Chega in Portugal with 18%, Smer party And Its prime minister and newly even president from similar party in Slovakia, Ano populists movement iwned by ani oligarch And followed by fascist SPD in Czech Republic, AFD in Germány, Maloni in Italy, people like Let Pen or Zeymour in France... And soon Trump in the USA again...But what Will happen, when Trump dissappoints those WHO Will have trusted HIM So much? I mean after thé series of dissappointments....Yes, there can be even worse people than Trump....And here we Are: the very same kept the Russians saying for at least 20+years: IT resulted in the worst war since WW2 And Yugoslavia wars. In other words if not Trump, then Somebody after him Will bring thé world to another Biblical tragedy. But i think, it Will n😊e Trump.
I agree with most, and I support ALL Ukrainians, but not this Banderist government supported by us...
The EU countries (then 19 (?) members) adapted the EU Lisbon Agenda in 2000. An ambitious but immature and fake plan for Europe to become ‘the most competitive economic player in the World’. By focussing on Knowledge Economics or some other illusion.
Renewal and reform were the slogans. (Of course)
Basically it meant/means going back to 1900...away with socialism and social justice. End of many workers rights. Capitalism and Competition is the game. Utility companies and institutions (established and mostly paid by the working classes!) went (back) in private hands. Good old raw capitalism had to be fully restored. (Let those slave work). Also much more money to the military ind. complex.
And TINA: there is no alternative. All this theatre under the guise of Freedom and Rejuvenation.
This economic agenda was accompanied by the usual propaganda. No word about the actual implications in the media.
(The EU forgot to provide the neceassary public info for this huge overhaul. (In Holland nobody even knows their Lisbon Strategy.).
Also...to be fair...most people were chilling, sleeping and having fun. Now people are raidly waking up.
Even though the first food bank started in 2002.... Now Amsterdam counts 14.000 homeless persons. Probably more.
Never had before since WW1. Not just ridiculous. It is criminal.
Yea privatisation. In Lithuania couple of years ago they "liberalised" electricity providers so instead of one national provider we have 4-6 private ones that buy electricity from national one and sell it to consumers for 2.5times more expensive. But at least we have a choice to choose the cheapest of 5 of them which is 2.5345 times more expensive than previously compared to others that are 2.5349 times more expensive. Very liberal. It's mind blowing how it even happened
@@laius6047 Same in finland. People are selling their houses due to not affording the electricity anymore. Government tried to intervene and keep prices down, and is now sued by the global investors.
Our countries have been sold, and we were sold with them as slaves for the global owning class.
But Finland is the "happiest country" so we cannot complain
Great interview!
Love the phrase: I like more Bastards in power who claim to be Bastards, than Bastards who claim to be working class. Listen to Mr. Varoufakis, Keir!
You need a comma in that last sentence.
"listen to Mr Varoufakis, Keir!"
The humble comma prevents confusion.
spot on
"Only below average people pretend to be average"
-Javier Milei
It makes sense !!
It's a catchy slogan, but it would be stupid to take it seriously.
Great interview. I didn’t know this interviewer before. He did a great job. And Yanis is very bright and honest. Well done for both.
This guy seems like kinda an idiot
31:08 he describes a bunch of things associated with communism, and calls it fascist
@@0my Interesting how two people can have such different perceptions on reality. What he saying that were associated with communism?
@@Moikay he's just saying anything negative is associated with fascism. Like xenophobia, anti brexit, etc... But those things are not exclusive to fascism. He said fascism but not the mussolini. But there's no better example than mussolini
Yanis Vafunculu is a lizard-man alien trying to distract from his failings as some greek ex finance minister who panders to the C C P. If he wants to get bonked up the butt, that's his business, he should not be preaching to you about it
Boeing exemplifies the problem of financialization. management is incentivized to neglect the actual product, the engineering, and the work force, and instead concentrates on manipulating the stock price, de-skilling the workers, and cutting corners wherever possible.
Many senior officials receive money from financial lobbies in différent areas like AIPAC to support Israël by sending weapons and Billions of the American Tax workers, what kind of democracy is that
read Internal Combustion, for a history of 100+ years of this style of management in the US. Stock buybacks are the lazy C-Suite answer (nobody got fired for making a buyback)
Which is why we can only survive in a system that doesn't involve money.
reminds me of Enron.....
@@brothermaleuspraetor9505Maybe. I'm not sure if the problem is money or investor/profits. Much of the problem with money might be eliminated if there were no profit motive because, let's face it, everything is accomplished by labor and labor costs are by definition antithetical to profit.
The problem with western society is that it hasn't learned to differentiate between cause and consequences, you can blame, drugs, drug dealers, so called "terrorists", street burglars, serial killers, mass killers and so on, and continue to judge 'em over and over again......there's a scene in the movie WallStreet where they sum all up in a very fair and clear manner; in that scene Gekko tells Fox how the world really functions: (paraphrasing) You don't think we are living in a democracy do you? you ain't that naive are you Buddy? We control the game! we set the rules!.....hahha it even reminded the me that simpson's chapter with the "stonecutters" singing "who keeps the metric system down?, who keeps the aliens in line?...."
People like Yanis Varoufakis make me proud to be Greek (abroad) and a human.He gives me knowledge and hope.He deserves our respect and support .🌷
Yes I agree with points on YV. But being a proud Greek too, I'm not proud of modern Greece.
I really think you never stayed in Greece during the reign of this guy and his likeminded, probably you didn;t experience the catastropic effects of his childish idea about switchimg overnight to alternative currencies and playing with the savings of millions in turn putting everyone in huge cues before of ATM only to be able to get 60 Euros per day. Is that what makes you proud? I can list more but this is something that I remember not being proud as a Greek.
You make me laugh harder than last time...
@@willtherealgeorgemichaelpl5879 so when was the last time?
@@konstantinosvasilakos1240 I think that those politicians which are responsible for the financial collapse of Greece should feel not proud and ashamed.
When a country depends on financing from bankers, it's they and not the people's representatives who hold the power. For the hand that gives stand above the hand that takes. - Napoleon
An Adam Curtis documentary describes how this changed the course of New York City's history after its municipal bond default.
NYC always had affordable housing for all working people (like London and Paris always did, and Paris sort-of does, still) before the bankers took it over.
Fifty years ago, two people earning minimum wage could rent a decent apartment in ANY American city, and make a start.
No social media or cameras following them around for life, either.
The Napoleon of the 20th century said the same thing.
@@l.w.paradis2108Hypernormalistion, I think. Great connection to draw.
@@Electra-xm7lu Napoleon would have bitch slapped Hitler back to the Stone Age for being a moron. Napoleon GAVE A SHIT. Hitler did not. Napoleon 1st Action as a Leader of any army was to make sure they were fed better then every other French Army. Hitler had loyalty because his goons would shoot you if you EVEN SPOKE against Nazism.
Hitler was Nothing compared to Napoleon.
00:03 Capitalists in power are not using their incredible potential for the people.
02:11 A documentary focused on the repercussions of the 2008 financial collapse.
07:02 Power in modern Britain primarily rests in the hands of those who own everything
08:53 Power shifted from homogeneous to split realms under capitalism
13:56 Financialization has transformed from insurance contracts to options to buy and sell shares.
16:17 Financialization is a massive gambling extravaganza with privatized profits and socialized risk.
20:16 Thatcher's policies led to financialization and exploitation of working class
22:13 Privatization as a way to involve average citizens in share ownership.
26:23 Electricity markets are a crime against logic
28:19 Capitalism's cartel-like behavior and lack of accountability
32:50 Trump's election not solely based on racism.
35:01 The left is facing a crisis, with the rise of fascists and ultra right-wing conservatives in government.
38:59 The political challenges of rising to the neoliberal economic settlement in the UK
40:49 Left's struggle in capitalist crisis
45:05 The Israeli Defense Forces are expelling and diminishing the authority of the Palestinian people, while others claim to care about human rights but only prioritize the human rights of their own.
47:22 West's public opinion supports Israel's genocide
51:43 International pressure can end conflict in Gaza
Crafted by Merlin AI.
Thank you for having Yanis Varoufakis's expertise on. I have now subscribed.
Thank you.
Not only they are mafias, they are annoyed when other nations reject this system.
other nations did not reject shit, we in russia got same mafia but no one elects it and it is worse than any of western ones. At least we have an opposition to system
go live to russia
@@alexmashine boohoo
@@Flylikea no, go dont westing this aportunity, you'll be much wizer when coming buck
@@alexmashine technically you said you don't want to live in this world. The rest is a cry for attention. Troll elsewhere ☺️
51:00 here in Germany there is certainly no international pressure to end the war. Here in my city of Hamburg there are electronic signs put up by the government saying "as the government we officially support Israel's offensive", which is quite dystopian
Frankly I am appalled by how shitty the German government has become. The only thing to do is to spread the message that “Deutschland ist im Arsch”. Sogar die Eisenbahn ist nicht mehr pünktlich. Die Städte sind verschmutzt. Die Industrie wird weniger und niemand kauft diese Lügen von Politiker die keine Ahnung haben. Armes Deutschland ich trauere für Dich das alles so runter geht und niemand mehr ein Gewissen hat.
HORRENDOUS FROM GERMANY 😢
You are descendants of the Nazis after all.
Of course Germans will encourage a genocide, hoping that their own Genocide will pale in comparison.
Thank you for that insight, that is downright orwellian
I want to live in a different world. I want to live in the world of Yanis. He is very knowledgeable and what he says is what I think, especially about Thatcher. She has caused the problems our country has today and Yanis explained that very well.
I feel the same way
"I want to live in a different world.": So do I, but we can't unless we create this world.
We must vote the RIGHT people in .....its as easy as that ..... yet we know the practicality of getting this right is ...difficult as ..... but imagine millions of right hearted people United all over the world .... helping each other to make this a reality with the internet this is possible NOW quickly ..😏😉we have to start fighting intensively and intelligently and coordinately ...YANIS got a party going I think otherwise join Russel Brand's group ...things have to evolve like this if we are going to change this Monster System
The world is wrong by narcissistic people who don't practices in life
That's a start :)))
You want to live in it, how about fighting for it existence, as it is not a place that you can just move to?
Thank God we have such beautiful souls such as this handsome Greek man. Yanik, you are a breath of fresh air. Love from Morocco 🇲🇦 Yes, Morocco 🇲🇦 in North Africa ❤
Yanis saying it as it is. It's time we all listened and wised up.
Yanis is
a P.
o.
S.
commu
My brain always appreciates Yanis' knowledge and perspective.
Thank you for another interesting conversation.
Hes a communist, can you not see this.
I am just a working class person but Yanis is telling me things i wish i had known many years ago, i was working to hard to read things like this!
Brother none of us ever stop learning believe me
Excuse me...Not just a working class person. People like you (and me) basically keep countries afloat.
This is how the slave system works: by giving us...citizens.. no time instead of it all. No time and no room to let experiences sink in,
nor space to think about alternatives, no time to digest what is really going on. Must say; a very evil but very cunning system.
Gradually installed before our very eyes. (The average person does not understand how damaged many VIPS are and how scared.)
Love and light.
Brilliant convo and analysis, a refreshing window of clarity opens everytime Prof Yanis speaks.
Really uplifting couple of interviews these last two days 😅
You're on a roll with these guests! We getting Mike Maloney next? Ha
Listening to this interview has clouded away any possibility of a light at the end of the tunnel. No hope left.
@@F1fan4evaFor an F1 fan you're quite slow my dude
@@anirudhramakrishnan2686 😂 Good one
@@F1fan4eva The only way out is through.
Great video. Love hearing Yanis' perspective and views.
This man is an epic fraud. He talked all the talk and then got into power and continued with the cuts so the bondholders would be made whole
@@OnlineEnglish-wl5rp Haven't you heard his story about his time in office?
He's now pushing the gr8t reecet and is definitely not on our side. Don't fall for his lies.
I really like this man, he really is honorable and respectable!
Fantastic summary of the ethics around Palestine. As Yanis said, the rest of the world is stunned by the West's hypocrisy and support for Israel. Huge props to Yanis for calling out Israel's actions as genocide.
Nothing shocking, really, amongst those who follow geopolitics at least. It's a big reason why they didn't buy into the Ukraine narrative. It was obviously a proxy war and another example of NATO's illegal and brutal wars, coups, piracy and slaughtering (Yugoslavia, Syria, Lybia, Afghanistan etc.). This doesn't even include all the illegal killings of millions by the US Army.
Access to the Suez canal is vital for Europe's economy and Israel is it's gatekeeper. Taking 1400 years of history between Europe and the muslim world into consideration leaves them with no other option but unconditional support for Israel. Which has created the situation that they enjoy impunity to do whatever they want.
@@kungfulegend8222 Average westoid forgetting what Egypt is
@@DoctorSoctopus A country that once tried to blockade the Suez canal and was spanked for doing so. Please think before you write.
Genocide means something vastly different. If he uses the word "genocide" in this context, its extremely clear to anyone with a proper functioning intellect and mind, that he is not being honest, or is not in control of his own mind.
Yanis: "The genocide started in 1948". After reading Ilan Pappé's-The ethnic cleansing of Palestine, I fully agree with this statement.
Nah it’s started in ww2 🫢
Or earlier … not sure 😮
it started 6,000 years ago@@SgtDeezNuts
This is the fact that not one single UK politician or mainstream journalist will utter. Our entire political system was bought out a long time ago.
Should have started off by reading a dictionary. It's crazy how weak people are, so much so that they have to redefine words to coddle their insecurities.
I have a rant to make here. In October 2023 I bought the book Tecnofeudalismo by Varoufakis on Amazon and paid for it (English edition, because there was no Portuguese edition yet). Amazon didn't deliver the book to me and I decided to sue the company. My lawyer did what was necessary and the Brazilian judge in the case granted an injunction forcing Amazon to deliver the book to me immediately under penalty of a fine. Amazon did not comply with the decision. I haven't received the book yet. I'm starting to assume that Amazon, the greatest symbol of Technofeudalism always mentioned by Varoufakis when he talks about the new book, is sabotaging the circulation of his work in Brazil. Does it not want me to read and promote the book? This is outrageous and ridiculous.
Amazon proves in practice that it agrees + Varafakis, unfortunately.
Did you obtain digital version ?
It is outrageous but perfectly foreseeable.
library genesis, free
@@MACTEP_CHOB I'm an old guy who is a reader of printed books.
You can really tell this man was an educator because he explains everything in a clear, concise way that even the average layman can understand! I feel like I've learned more about how we got to this point in this one video than in the dozens I've watched in the past few months!
This has to be the most telling interview since the start of the Gaza conflict
So 4 000 years?
@@MarkkuSI thought it started on October 7th! If they've been bombing gaza for 4000 years it's worse than we thought!
How 4000 , before Judaism and even Abraham migrated to Palestine or Falastine in Arabic , there were Canaanite’s who were pagans in Palestine. The current Palestinians are converted Canaanite’s to Islam and Christianity. They have archeological, historical and DNA evidence unlike Polish migrants who have 100% Polish DNA.
"Conflict?" Rather, I should think it's a hideous, land grab / ghastly, Genocidal slaughter, to be sure. Call it like it is, my friend. Moreover, I find it fascinates me, endlessly; that some Jewish radicals attributed the Nazi mindset to themselves, in order to steal Palestine, outright, and call it their new homeland, Israel; No Less! A monumental case of P.T.S.D., blown into something monstrous.
Most of all, is that the rest of the so called civilized world tacitly approves of this grand larceny, and genocide to rival the hell out of Hitler's dreams! Can you dig this?
Thank You, Dr. Mullane
@@ANEEAMA My dude, the Hebrews were originally just Canaanites. They never migrated to Palestine. The Exodus was written during the Babylonian exile.
Yanis just tells things the way they are. Great interview.
The more talks like that we have, the quicker we'll learn to get together and act together!
There is no gurantees. It begins with an individual so one needs to start focusing on himself for a radical change.
Interesting engaging conversation. I was glued. What an accurate and well informed analysis by Yanis.
Teachers do that....
This is so much better than public media like CNN etc.
It's from America which is a dirty swine country!
I love this guy. Legend
Another great interview. One thing that surprised me was Joe's perception of Kier Starmer. I'm totally with Yanis on Starmer,
Yeah Keir really has little between his ears as Yannis said. He is projected to win a landslide bc of disastrous Tory mismanagement. Instead of doubling down on the policy platform that Labour members voted on - he's discarded every single plank. He doesn't need the corporations or the establishment to approve him - he has the public votes. What an absolutely disgraceful twat.
Yes, I am ashamed to say that we are collectively guilty of complicity in genocide.
I wish more people would take the time to listen to Yanis. Most of his presentations/interviews are rather lengthy which most working people do not have the time for. When there is so much going on at one time in the world, in monumental scale, information overload can be a killer. Pretty sure this is all by design.
Better listen to one hour of Yannis, than watch four hours of state TV….
Attention span has become one short sentence. Proven many times by social media posts. Nobody reads more than a catchy headline.
It might seem like there is a plan, but nobody understands, and nobody is in charge. The current economic and international system is ungovernable and few even try to understand it.
Don't worry there are those who have the time and have your back :)
I'm not sure if we can fix this, but one day... never lose faith. God bless.
I dunno. Most working people will listen to hours and hours of music and reality TV. It's one thing if they genuinely don't have time because they're working a job which prevents that, but people still have commutes, and even some time at home when it could be on in the background. Working people may not have time to read up on theory, but I struggle to believe they don't have time to listen to an hour long interview, even in multiple sittings. At that point it's more about not being able to find it, or not knowing it exists, than not having the actual time to listen.
Great interview, thank you.
I could listen to Yanis all day, hes so good.
You explained his pull so well..... He speaks knowledgeably, honestly and presciently about the state of the world today, finance, philosophy, politics and power. He has influenced my own forays into the financial markets space, all the way here in Kenya.
If one is honest, brave, intellectual and challenges the status quo, they will call him narcissistic, sociopath, delusional. Being different is seemed as a mental health problem in current world.
Wow... what a strong interview! There's every mood in it: serious, funny, shocking, truthful.
I'll remember this interview for a long time. A must see video. 👏💪
Yanis, offers a contemporary view of capitalism in an accessible way. The analysis is accurate I think but it is very depressing where the culture is going to. Where is the hope?
Better politicians, essentially. Which requires a better educated citizen.
The hope lies in educating fellow citizens, IMO.
@@Olyfrun "Better politicians" has never, and can never, be the source of hope under capitalism - if someone is listening to Varoufakis and has read his books, that is the absolute minimal least you have to know.
@@SvalbardSleeperDistrict a very highly educated public wouldn't accept a government that deceives though
There is no hope. We made our choice as a species in 1991. We have only barbarism (theocracy and fascism) left.
Hope is God.
Always a pleasure to hear Yanis, i learn a lot.
Yannis Varoufakis should be a great voice in the EU.
Support this wonderful person
Always informative to listen to Yanis' sense of reason
I wish some American politicians would start taking some of Yanis's talking points and policy prescriptions. We need anyone at all who will say what is actually happening.
I believe his point in the interview and the title of the video is that it’s Too late now.
@@brianadlich4406 maybe, but does that mean we should not try to make a better world?
In order to get elected, American politicians need to be amenable to powerful interest groups who hate everything Yanis stands for. You won't find any American politicians taking on his agenda. In my opinion, you need to build a party that rejects the necessity of donations from these interest groups and rejects the capital-friendly nature of the state in general in order to have any chance of addressing these problems.
The mess we live in is not by accident but by design. This is what corporate facism desires. We are merely cattle to them.
Well, there was a certain Bernie Sanders...
I love Yanis Varoufakis! Such an intellect, such honesty too... 🤔
Watched it twice and did side research to learn about the things he referenced. This was incredible. Thank you so much!
Greetings to you from a Turk, Yanis Varoufakis, there is a need for people like you in the West who are not afraid of Zionist Israel and speak the truth!
Yes brother Turk, from a brother Greek, I agree.
Yanis is always interesting to listen to despite some flaws in his arguments (but noone is perfect)
Love Yanis' commentary on Starmer the weasel.
Wait and see,, maybe not,
Kid Starver also a weasel...😂
@@TrevorEden 😂 yeah whatever 😭
@user-gd1yg6le1h maybe Leighton orient will win the European Cup, maybe
SPOT ON in everything Yania said economically & poiitically, especially his observation about Palestine & Israel! Brilliant!
Love love love Yanis Veroufakis.
Thank you.
Yanis for World President. A man of deep thinking and big heart.
Brilliant analyst and a great thinker. You are a honer for the Greece legacy.
Greeks hate him, and for good reason.
This has been one of the most interesting videos on UA-cam in the last couple of years. The clarity of thinking of the ex Finance Minister of Greece is refreshing and inspiring.
Such an unfortunate coincidence that the Greek economy all but completely collapsed under his tenure.
Great interview. Opened my eyes the the depth and scale of corruption. Problem is.. what do we do?
protests rather than voting… the french revolution was crowds in the streets. the end of apartheid in my country south africa was crowds in the streets …
the dismantling of NATO will be crowds in the streets of europe …
not just BLM and gay rights protests - we need energy security protest & demilitarization protests and tax the oligarchs of europe protests …
Start by not voting for Kier.
Engage in organizing and community building. There you provide an environment for open debate on meaningful topics. There you uncover supremacist motives from objective reality. I believe this is important.
@@davereynolds3403So, burn down buildings and ruin the livelihood of working class and attack people in the streets?
So who to vote for? @@aclark903
Great to hear an intellectual like Professor Yanis Varoufakis giving another lecture on such a simple and honest way. 🎉🔝
The telling part about gaza is this thing Sunak and a few people have mentioned about Israel governing gaza when its all over, I think he dropped it twice in PMQ s
Considering the Gaza Arabs rely upon western charities and western funded UN aid they have shown they can't manage their own affairs and simply allowed Hamas to take over and prepare for another battle they can't win. If the Gaza Arabs can't govern themselves someone else has to do the job to reduce the chances of ongoing chaos.
The telling part is we are all talking about Gaza and Israel at all. UK policy will just imitate American policy. Discussing it is a waste of time and our politicians should just talk about British problems.
@@DuanRusselthe two are related. But I get your point
Gaza is part of Israel since they failed in their rebellion. You should consider pushing for Gazans to use diplomacy so the can vote in Israel elections since war failed them.
@kerwinbrown4180 ahh yes the famously non racist jewish will definitely accept the Palestinians
Huge respect for this guy
Far from being a "second rate economist" he's a first rate analyst of everything that's wrong with the way things work now. I recently cancelled my Labour membership because I realised that, as a Socialist, I'm not welcome.
Me too
I am beginning to think like that too. Despite being brought up in a Socialist Household. I have yet to find a Party that actually reflects my honest, Socialist views.. 🥲🥲🥲
lmao you only realised that recently?!!?
Thanks I doubled my investment after moving to the green party
I came to the same conclusion... There is more democratic socialism in the green party than the Labour, Corbyn's treatment showed that only a soft neoliberal Labour party was permissible. @@eightiesmusic1984
Excellent interview. Thanks for this
素晴らしい演説でした！ヤニスさんの話はわかりやすくて、常識や知識に基づいています💡👏
*I'm favoured 80K PROFIT every 2 weeks! I now have a good house and paid off all my debt. I am truly thankful beyond words, Stacey*
What you do?
This is all thanks to Ms
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I recently started trading in July, invested 50k with h e r and my portfolio is currently worth slightly over 170k. That's alot more than I make in a vear from my job
It's truly inspiring to hear how Ms Brooks mentorship and her dedication have led to such remarkable financial success
I have heard a lot of wonderful things about Stacey Neal Brooks on the news but didn't believe it until now. I'm definitely trying her out
Capitalism and democracy died a long time ago in the west. Corporations rule the world (and the handful of shadowy old me behind them).
Lol you describe an ultra capitalistic society with 0 comlany restrictions and say capitalism is dead. You contradict yourself 😂 Also democracy never really existed in a fair form, so your lack of knowledge of simple history and economics really showcases you are probably a disilusioned bigoted conservative that needed decades to realise what some do in their teenage years. Keep trying to think, you'll get there eventually😮
Allowing banks to legally counterfeit killed capitalism
13.12. I remember the footage from number 11 at the time. There was no sound - the BBC did the v/o - but I remember Varoufakis, without a tie, lounging on a couch like a boy in a sixth form common room - insolently relaxed - wonderfully unimpressed - while George Osborne perched on the edge of his seat, knees primly together, wearing a sans serif single button Spencer Hart suit - his skin translucently porcelain white, sat, effete and ill-at-ease, fingers clenched together, earnest and patrician. What YV gave was effectively the Chomsky Response.
This might be Professor Varoufakis's best interview.
I’m sick of capitalism, brilliant interview 👊
Which type of capitalism?
Nothing wrong with capitalism what we have is not capitalism and never has been.
@@stepheneurosailor1623 Not free market capitalism, that's for sure. Rather a perverted form of crony capitalism.
@@stepheneurosailor1623ahem. There's a hell of lot wrong with capitalism. It's what got us where we are now.
@@TheStarBlack
It did not. The ignorant masses did.
Thank you Yanis, your profound knowledge, and a strong sense for humanity are badly needed for dealing with the issues facing the World today.
This is the most enlightening analysis of our present condition out there. Should be required viewing of all aspiring leaders. I'm contemplating tax policies to make the renters support essential societal functions. I’m contemplating a completely secular and democratic Israel renamed Palestine. The idea of a Jewish state in Palestine was insane and is proving itself to be so every day.
"languishing in the magma of discontent" - well said Yannis, reflects perfectly my feelings :(
... Ancient, archaic and arthritic... It's good to hear someone that knows what he is talking about as well as how to talk about it.
Thank you Yamis I am waiting to hear from you in Melbourne. You make so much sense. 💞🎗️🎗️🇦🇺
*Yanis Varoufakis is such a great intellectual!* 💯👏👏👏
We need more Gary Economics!
Great interview. 10/10👍👍🤩
He was great in only fools and horses to be fair.
Yanis is a genius and a hero. Thank you for this. Thank you Yanis, for all that you do. Listen to him.
Thank you very much. The last few minutes of discussion were absolutely essential.
I love (in a non-romantic way) Yanis. He has more integrity in his little finger, than most politicians have in their entire bodies.
As is usual for humans, most won't recognise his value until he stops battling on all our behalfs.
Thanks for this enlightening interview.
Yanis's assessment of Starmer is beautiful and sublimely brutal - the best I could come up with is 'complete tosser' - bravo....
Yanis makes the same mistake, over and over. You first have to win power, that's important. Second you need to keep power, that's important too. He didn't. I don't care who's leader of Labour. First job win. If you don't as far as I'm concerned, you're useless goodbye. Starmer is doing what is necessary to get power. Going to where the key voter's are. So far so good. Understand if tories have power, people die. Or did you not live through austerity and Covid?
Ironically his face does resemble a mask@FoppoLeeuwerke
Correct, he is a helmet job
I find it hard to direct much emotion towards Kier Starmer. It's like trying to get angry at a Rich T biscuit.
@@kerryfry1857 Don't be stupid. Varoufakis lost power for the same reason Corbyn did; the people who put Sunak into office don't want anyone in power who will alter the status quo. Starmer has publicly said he would rather be at Davos than in parliament; he is a member of the Trilateral Commission, a body set up by Kissinger, inter alia, to advance corporate capitalism. Starmer will be far worse than Sunak. I hate the fucking Tories and my MP is Chris Grayling, a c**t of the first water, but I'd rather vote Tory than for a Labour party led by Starmer. Wake up!
Most people lack in intergrity. This one not so much.
I like it that he says that Western democracies is overrated. In the middle East people live better. In the capitalist west people are dyingg out but in Gaza the average women has 6 children. Think about it.
@@captainchaoscow Let's take a look around the world at the successes of birthing. Middle east you just get more terrorists or jackases who support it through their silence and complicity. In Europe now you have socialists/communists who forgot the major war last century and rolled over to be children told what to think and how to live. How nice. In America you have the working class 30% who won't pay attention to them being conned and stolen from by their mafia government, the 2% psychotic communists pushing the idiotic 28% Democrat "Ignant" voter who votes "D" every election and a steadily growing 20 to 35% Republican movement fighting the 5% elected RINO a-hole turncoats who sadly keep being found out after elections making up 90% R majority. America is importing the world's population fleeing the mess they won't clean up themselves, and the majority of them don't care about adopting Independance and Capitalism.
WWIII is imminent and who knows how it'll turn out, but saying Middle Easterners live better because they're squiring out potential bomber babies is asinine.
@@captainchaoscow
People who are more well off can choose to have less children. People who are less well off can't afford contraception.
@@Persun_McPersonson You are right. Everybody knows, the poorer you, are the lower your social and financial status the more women want to sleep with you.
But you can't afford contraception. This is a real problem in the real world.
@@captainchaoscowStop putting hash inside your hookah pipe 😂
Love this man's level headed brilliance.
thank you Yanis,
voice of clarity and reason
I just realized that governments don't allow us regular folk to bet on risky financial derivatives / hedge funds, although the risk would only be to us individually. If I lost a bet, I'd be on food stamps.
At the same time, the billionaires are allowed to bet, even though in their case, the risk is not that they'll go bankrupt, but that the ENIRE SYSTEM goes bankrupt!
you would only get food stamps if you have a home!
The system is rigged for them to win!
Rhetorical clarity doesn’t always follow moral clarity but it certainly does here.
This gentleman is an honorable academic, Politian and person of integrity. I highly appreciate his courage and moral stance. I would like to know the name of the 'Documentary' you have just mentioned.
Κυριε Βαρουφακη τα θερμα μου συγχαρητηρια για αυτη την εξαιρετη παρουσιαση.Μπραβο σας.🎉🎉🎉🎉
First Downstream IRL for Novara, then this. Yanis has had quite the schedule this week
Outstanding interview. Thank you.
Wasn’t it just!
This underlies the problem with the global north, we have no moral capital left with which to take the moral high ground against an emerging multi polar world. We flout our own laws when they don't serve us, we arm spurious entities and states, we train insurgents when they're useful and cry when they turn on us. Is what's coming better? Probably not, but we need to stop spending so much capital on maintaining control, because it is financially crippling us in the process.
never had it in the first place
Self hatred is an expression of pride, an indulgence that betrays your children for the sake of your moral vanity.
@@tiagomestre8487 I would find it impossible to argue with your position, this is more for the newly disillusioned that were incapable of seeing past the patina of morality.
I wish people would stop using retarded terms like 'moral capital' when they want to go on rants.
37:30 Finally Yanis, finally! Government finances do not operate like a household budget! You should have led with that. Shouting about MMT from the rooftops!
I love that Joe has such a good relationship with Yanis Varoufakis and interview him regularly because he is one economist who sees the future clearly !!
Nobody sees the future clearly. Go read Karl Popper "The Poverty of Historicism".
If someone doesnt know the back story of Yanis and you dont have time to read books, here is a movie about his political career and what happend in Greece. movie is called : Adults in the Room
Also, Minister of Finance in Greece for half a year. He took one look at their finances, told his boss to mooch money off of the EU, then turned around and left.
For some reason, the EU didn't kick out Greece when they did that...
What upset me was the fact that Goldman Sachs is the one who lied to the EU about Greek financial stability. Almost as if the folks at Goldman were trying to weaken the strongest economic power that actually protects the working class rather then pure socialism for the elite and gritty capitalism for the bottom.
@@Alexander_KaleWasn't he against the repeated extent and pretend loans from the EU? From what I've read, he wanted to restructure Greek debt, link debt repayments to Greece's economy growing and avoid the harsh and destructive austerity that the EU was forcing on Greece. Those are all highly agreeable positions.
@@Rb39-ej5hh If you are greek, yes. From the EU side, it amounted to debt cancellation, which of course the EU was somewhat against accepting.
Basically, he went to the EU, demanded that they forgive the loans, and when the EU told him to get stuffed, he quit his job rather than putting in the work and try to pull Greece out of the hole its various governments had dug for themselves.
@@Alexander_KaleBut the EU wasn't getting their money back anyhow. They just kept giving Greece new loans to pay for older loans in order to make Greece appear solvent, ie. extend and pretend. Also EU imposed austerity was wrecking havoc on the Greek economy and weakened Greece's ability to actually pay back their debt, which was a problem for Greece and the EU. Yanis' apporach was pragmatic in my view, because Greece needed to recover before having a stable base to actually repay their debt.
Great interview and fantastic guest
Americans , Europeans and the rest of the world has to listen to this speaker