Yanis Varoufakis is a fountain of knowledge and wisdom. It's wonderful how he frames everything in terms of incentives and human psychology. It makes his thinking very clear and consistent. I'm tired of most modern economists who pretend that incentives and human psychology don't matter and who talk about everything in terms of cherry-picked models, manipulated formulas and statistics. Too many economists today are all smoke and mirrors; they never even try to explain why things are the way they are.
If anyone 'thinks' that this shameless opportunistic champagne socialist with delusions of adequacy really knows or means what he regurgitates, then humanity is in deep kaka! Just ask his "left wing" comrades who dropped kicked him out of their treasonous stooge government - if you can find what's left of it... (pun intended)
Great Story tELLER economists R Type of Performers & He S Teacher too. But 4 Things Of That He Said R Unenforceble Secretly Tyraniccal . & Capitalism WORKS GREAT if you priest like enforce Extermination of crapbags and worthless Byllshitters. He Dont Want that Because He S The Latter. NOT OPPOSING the Other Ministers WERE WORSE THAN HIM
This is foundational information for people trying to gain an understanding of modern finance. Well done ES. I look forward to more fantastic work from you.
BS...unfortunatelly you're not Greek and you don't live in Greece. If you were, you would know what an idiot is Varoufakis. The worst Finance Minister we ever had. Just theory and nothing more. Six months were enough to prove his incompetence.
Who rule the world Polish men says BIS-IMF-FED triangle currencies monopoly. Their goal is CBDC programable token of nothingness follows by Neurolink microchip brain implant AI humanoid SLAVERY death holocaust. There is nothing in betwen those parasites goal is rule entire world and cut population. So all shit talk about demografii is BS , they sent to Europy usless ,unskillled forced bustards. In Poland we need those go get visa and it is limited not for sale all those corrupted goverment could done so Shortly. So the Global Goverment want distroy our values mix us make us losse identity and give up. They don't care about demografii becasue they kill you all this argument is down invalid crap.
Yanis is a strong communicator, gets the message across eloquently, using allegorical language. It's quite captivating for a listener. Thank you, enjoyed your chat.
@@martinpetersen3187 Does one detect an air of ridiculous superiority in your old-fashioned tone with your dismissive assumption that other listeners, who you know nothing of, have no critical quality or knowledge of what is being discussed apart from you? In any case, are we always to spoil the pleasures of listening to sages with suspicions, negativity and with judgmental hearts? Yanis Varoufakis, a recognised Greek sage, could comfortably sit and muse with his renowned forebears Aristotle and Plato. And, what about you? Perhaps, your negatively judgemental answer to Yanis will be presented in a podcast of your own very soon from which we might equally sigh and swoon over for its poetic delivery of ideas and truths ~ aye?
@@JoseighBlogs He might be recognised by some as a Greek "sage". But believe me there are others who have a far more critical view of him, his arguments and his policy as a former Minister of Finance. But I have to admit that as a Minister of Finance he succeeded in one effort most others would have failed: he united 18 Eurozone Finance minister against the then Greek government and alienated in no time politicians who sympathised at the beginning with the government he was a part of.
Without much previous knowledge about the interlocutors, did not expect anything. At the end, must say, one of the best talks I have watched. Bravo, both to the host and, especially, of course, to the guest, Mr. Varoufakis.
I like Yanis' power of reason and humanity. The world needs more people like him. For me this is not a matter of left or right - it is a matter of right and wrong, a morals-based position.
If anyone 'thinks' that this shameless opportunistic champagne socialist with delusions of adequacy really knows or means what he regurgitates, then humanity is in deep kaka! Just ask his "left wing" comrades who dropped kicked him out of their treasonous stooge government - if you can find what's left of it... (pun intended)
Yanis is a great academic and as a great academic has the talent of being able to rationalize complex topics with clear communication. Great interview! The biggest drama of all this is that currently socialism exists for the elites, which are constantly bailed out by the governments, the rest of the society lives under market rules and austerity. This will sink the so-called west if not addressed now, we are nearing the point of no return.
Thank you both for the great interview. I've to say I enjoyed every second of it and discovered how great an economist is Mr Varoufakis, who I knew nothing of except his name and governmental function for a few years. He'll never win the Nobel prize, but I'll bet my last penny it doesn't bother him at all, given the intellectual value the prize, if ever it had any, has retained...
Thousands stolen I've had thousands of dollars stolen from my bank account, direct deposits made by the i.r.s. I did my homework and had a zoom meeting with an agent. After this meeting concluded he said, "this (tracer) could take at least 120 day's. Please examine the (roman fasces) on USA Senate walls. Then please read Daniel chp 2-9? We were decived by our government to inflict mass casualties upon a already very oppressed people's who did nothing to U.S. Please read (Twin Towers NYC was a mossad operation) What happen nexted, Afghanistan, numerous overthrow of various Middle Eastern States. Why, under pretense to destroy an enemy created by USA intelligence community for invasion, where we left billion's in military hardware too the very people we were hunting. Bagram airbase is now a chinese military advanced airbase. george w. bush jr. buy's 300k hectares in (Paraguay) centered on the world's quite probable last and largest (aquifer) covering at least three S.American countries. Who was in charge of the Twin Towers security, (MARVIN BUSH), the the president's brother, oh yeah! The USA has been positioned by a (beast system) for exploitation to manuver nation's into a ten-toe global economic union prison camps? What's coming, a strong delusion that people will embrace. Revelation 6:2 And I looked, and behold, a white horse! And its rider had a bow, and a crown was given to him, and he came out conquering, and to conquer
Yanks Varoufakis is a fake leftist with old fashioned rubbish ideas that have been rejected by modern mathematicians. He called Germany Nazis for bailing Greece out of debt incurred by a bloated lazy civil service. He is soo yesterday.
Yanis is a Trekkie!!!! The Star Trek world helped me imagine a better future for humanity. We always have our flaws, but I remember that very episode Yanis reference and that very scene stuck with me as well. Once we can get pass the need to survive, essentially we can expand our horizons by utilizing and developing our talents to become better people. Thank you Yanis for all your work!
Great communicator, this gentleman succeeded to giving the opportunity of having an idea understanding of this important complexity of the power of the worlds. Thanks to the show!!!!
I’ve been listening to Yanis for several years now thanks to The Joe Rogan Experience. His analyses are so precise and he’s such a wonderful communicator. We all really do need to take heed of his warnings 👍
Thousands stolen I've had thousands of dollars stolen from my bank account, direct deposits made by the i.r.s. I did my homework and had a zoom meeting with an agent. After this meeting concluded he said, "this (tracer) could take at least 120 day's. Please examine the (roman fasces) on USA Senate walls. Then please read Daniel chp 2-9? We were decived by our government to inflict mass casualties upon a already very oppressed people's who did nothing to U.S. Please read (Twin Towers NYC was a mossad operation) What happen nexted, Afghanistan, numerous overthrow of various Middle Eastern States. Why, under pretense to destroy an enemy created by USA intelligence community for invasion, where we left billion's in military hardware too the very people we were hunting. Bagram airbase is now a chinese military advanced airbase. george w. bush jr. buy's 300k hectares in (Paraguay) centered on the world's quite probable last and largest (aquifer) covering at least three S.American countries. Who was in charge of the Twin Towers security, (MARVIN BUSH), the the president's brother, oh yeah! The USA has been positioned by a (beast system) for exploitation to manuver nation's into a ten-toe global economic union prison camps? What's coming, a strong delusion that people will embrace. Revelation 6:2 And I looked, and behold, a white horse! And its rider had a bow, and a crown was given to him, and he came out conquering, and to conquer
He is a gentleman and he has great analytican abilities, BUT, at 52,00-55,20 , He DIDNT SAID A WORD for the 7th and 4th generation bankers, rothchilds, rockfelers, (correspondingly), ... and others, and that reveals him as a stooge of them, that was groomed by them, to replace the current puppets, supposed - leaders of the nations of europe, with the new breed of lapdog like governors......... He just talked about vague financial technical creachers that obliged their owners to work and work and beeing ....unhappy !! That kind of BS he is talked about .......
Yanis is one of the smartest European! He is absolutely correct about his estimate of van der Leyen and all the crime carried out by the European comission.
YV is great - what he didn’t explain was how “money printing” by definition devalues a currency and creates inflation. Conservatives emphasize that government handouts create inflation (furlough in the UK and Trump’s cheques), it does, but the money printing for the banks far exceeds any such handouts and is the key driver of inflation of assets.
The last step in the lifecycle of money is taxation. Money printing must be offset by "burning" the money at the end of its journey from the Fed, the central banks, commercial banks, smaller banks, employer, wage earners, consumer goods producers, service providers, etc. If the money is not intelligently taxed back out of the system you will see inflation everywhere there is "too much money chasing too few goods." New housing and rent prices are high because hedge funds and wealthy individuals literally have too much money to spend on cash purchases, and workers are left with record debt, 30 year high interest rates, and historically depressed wages. Fiat currency has led to massive corruption where, as you said, the gains are privatized, the losses are socialized, and the tax system is rigged against the majority for the benefit of the few. It's unsustainable.
@1999g...... 💯💯👌👍 You Totally NAILED it. Money creation of FIAT currencies creates Inflation. More currency chasing basically same amount goods - INFLATION. Not all the economic babble/bullshit, they try to blind us with 💯
Very enjoyable ! Thanks ! Kept me brain active enough that coffee was not needed and any episode that concludes with Star Trek wisdom is something to be savored ! Nick , NavyBlueSmoke , LST-1195 , doppleganger of original TV Star Trek member Jimm Rugg , Creative Artist , Special Effects . Very fortunate to have met Jim , about 2 weeks before his transistion. Nick , NavyBlueSmoke , LST-1195. William Richard James Nicholson , going where no man has gone before .........
The questions themselves were quite excellent and thought provoking, congratulations on that. At times I thought Yanis would have trouble answering them but no, he had the answer and his view at the tip of his tonge. Quite a powerful thinker.
@@Showmetheevidence- yes but he cesurs himself a lot. You got to read in btwn the lines, then go to Michael Hudson & beyond to get the full picture. Yanis still wants to have one foot in "the club"...
Thousands stolen I've had thousands of dollars stolen from my bank account, direct deposits made by the i.r.s. I did my homework and had a zoom meeting with an agent. After this meeting concluded he said, "this (tracer) could take at least 120 day's. Please examine the (roman fasces) on USA Senate walls. Then please read Daniel chp 2-9? We were decived by our government to inflict mass casualties upon a already very oppressed people's who did nothing to U.S. Please read (Twin Towers NYC was a mossad operation) What happen nexted, Afghanistan, numerous overthrow of various Middle Eastern States. Why, under pretense to destroy an enemy created by USA intelligence community for invasion, where we left billion's in military hardware too the very people we were hunting. Bagram airbase is now a chinese military advanced airbase. george w. bush jr. buy's 300k hectares in (Paraguay) centered on the world's quite probable last and largest (aquifer) covering at least three S.American countries. Who was in charge of the Twin Towers security, (MARVIN BUSH), the the president's brother, oh yeah! The USA has been positioned by a (beast system) for exploitation to manuver nation's into a ten-toe global economic union prison camps? What's coming, a strong delusion that people will embrace. Revelation 6:2 And I looked, and behold, a white horse! And its rider had a bow, and a crown was given to him, and he came out conquering, and to conquer
I've listened to Varoufakis in a number of videos - TY, the 'news', other channels. He's often dealing with complex questions on a complex subject! But i must hand it to you Escaped Sapiens for good questions and managing to hold Varoufakis (who i like very much) to neat compartmented questions. He is someone I would love to meet, but equally I am new to your channel, now a subscriber . As for his ref to Star Trek, wow, i do this all the time in conversations and it is at that moment people are convinced I'm a looney 😄🙈
@@duncansteedman9986 look at his career. He was in government way before the crisis hit and he advocated then exactly the policies that brought about that crisis. He is also married to thr heiress of the richest textile manufacturer in Greece and he talks about capitalism failed. He is just a self promoter and a demagogue
Thank you for this really awesome interview. He combines ideals with pragmatism and open minded look at the world at the level of perfection beyond ideology. Even thou it leaves me a bit depressed especially as the Eu citizen, it also leaves some hope that ppl like him are still here and may get to power at some point. Thank you once again, very nice talk.
Thousands stolen I've had thousands of dollars stolen from my bank account, direct deposits made by the i.r.s. I did my homework and had a zoom meeting with an agent. After this meeting concluded he said, "this (tracer) could take at least 120 day's. Please examine the (roman fasces) on USA Senate walls. Then please read Daniel chp 2-9? We were decived by our government to inflict mass casualties upon a already very oppressed people's who did nothing to U.S. Please read (Twin Towers NYC was a mossad operation) What happen nexted, Afghanistan, numerous overthrow of various Middle Eastern States. Why, under pretense to destroy an enemy created by USA intelligence community for invasion, where we left billion's in military hardware too the very people we were hunting. Bagram airbase is now a chinese military advanced airbase. george w. bush jr. buy's 300k hectares in (Paraguay) centered on the world's quite probable last and largest (aquifer) covering at least three S.American countries. Who was in charge of the Twin Towers security, (MARVIN BUSH), the the president's brother, oh yeah! The USA has been positioned by a (beast system) for exploitation to manuver nation's into a ten-toe global economic union prison camps? What's coming, a strong delusion that people will embrace. Revelation 6:2 And I looked, and behold, a white horse! And its rider had a bow, and a crown was given to him, and he came out conquering, and to conquer
52,00-55,20 , He DIDNT SAID A WORD for the 7th and 4th generation bankers, rothchilds, rockfelers, (correspondingly), ... and others, and that reveals him as a stooge of them, that was groomed by them, to replace the current puppets, supposed - leaders of the nations of europe, with the new breed of lapdog like governors......... He just talked about vague financial technical creachers that obliged their owners to work and work and beeing ....unhappy !! That kind of BS he is talked about .......
THANKS for the great interview, you are a good interviewer, one that asks the good question and let the the person speaks. The person doing the segment just poses a question and lets Varoufakis respond. A refreshing change from the usual interview where the person tries to focus the interview to himself and NOT the person you WANT to listen to this great lecturer, great.
52,00-55,20 , He DIDNT SAID A WORD for the 7th and 4th generation bankers, rothchilds, rockfelers, (correspondingly), ... and others, and that reveals him as a stooge of them, that was groomed by them, to replace the current puppets, supposed - leaders of the nations of europe, with the new breed of lapdog like governors......... He just talked about vague financial technical creachers that obliged their owners to work and work and beeing ....unhappy !! That kind of BS he is talked about .......
Who rule the world Polish men says BIS-IMF-FED triangle currencies monopoly. Their goal is CBDC programable token of nothingness follows by Neurolink microchip brain implant AI humanoid SLAVERY death holocaust. There is nothing in betwen those parasites goal is rule entire world and cut population. So all shit talk about demografii is BS , they sent to Europy usless ,unskillled forced bustards. In Poland we need those go get visa and it is limited not for sale all those corrupted goverment could done so Shortly. So the Global Goverment want distroy our values mix us make us losse identity and give up. They don't care about demografii becasue they kill you all this argument is down invalid crap.
Would be interesting to hear Varoufakis' take on times where money becomes pointless. During the Nazi occupation for instance, when in Holland food was rationed or simply hardly available, people traded in goods for goods: say potatoes or bread for jewelry.
What a brilliant teacher Yanis V is. The idea of the production-distribution-financialisation process being overturned with the end of feudalism in the 18th c so that it became financialisation-distribution-production. I've seen a couple dozen of his talks, and he is always enthused about describing economical processes in a way that we students can grasp. A paradigmatic, generous imparter of that knowledge and understanding which is vital to a dignified, worthwhile life. One of my favorite humans. Many thanks.
Hi @@TheBlueskyson Certainly an insightful and knowledgable perspective on capitalism at this time. And now concerns about a return of Trump. Best regards.
Great interview, thanks for that. A great man, Yanis. Despite the great "lecture" as a whole, for me the most important message was the last, I agree with him 110%..
Mr. Varoufakis sticks to a thinking process most of us continue to have; which is thinking in nation states or countries. In reality the financial system and economies are being controlled and destructed by private (central) banks, at least since WW1, being solidified at the end of WW2 through Breton Woods and the establishment of its controlling mechanism IMF, Worldbank, but also the Federal Reserve. The resulting debt-based banking system, being the biggest crime of the century, has enslaved all IMF-member states, thus nearly the planet as a whole. If anyone refused to comply, they just start to sanction them, inflict a regime change or induce a war. So, it doesn't make sense to point fingers at German or English banks, because they're owned by the same shareholders. There are 3 investment conglomerates controlling at least 2 times the global GDP. This is what we're dealing with, concentration and centralization of wealth, power and control. However, their system of enslavement came to an end in 2008 and saw its final collapse in September 2019 (repo-crash). That's why they came up with crisis after crisis, to be able to direct taxpayers' dollars to their pockets. "Climate" is the same story, funneling public money to their multi-nationals - socializing debt and capitalizing profits. The digitalization or digital concentration camps as I tend to call them, including digital IDs, QR-codes and CBDCs is their final goal to remain in power. The EU is a spin off of Wall Street and Washington and is doomed to fail, as long as they don't separate from the global banking mob. Russia, among others understood and took action. The solution is to build up decentralized, local banking systems, controlled by the people, to be able to hold people accountable. And that's exactly what's already happening. Because power corrupts and absolute power corrupts absolutely.
GIVEN The solution is to build up decentralized, local banking systems, controlled by the people, to be able to hold people accountable.---- What prevents ''''''the people"'''' from '''''building up decentralized banking systems''''''' ?
The prices for many consumer goods in Russia have doubled since last year, what a shining example. Maybe they'll end up like Zimbabwe with trillion rouble banknotes. The hegemony of the IMF is not fair, but there has to be a better example than Russia for an alternative.
@SkateSka prices in Russia have doubled? What country do you live in? Prices in UK are way above headline figures. And we're shafted big style for energy.
We really need Yanis Varoufakis to lead the EU if not the world! Perfect common sense cutting through all the bankers / right wing BS & lies. What an intellect. What a man!
Hello Shane, Hello Yanis, thank you for this impressive lecture. That was a model for an interview, that would really deliver deep insight and a lot of things to chew on for quite a time! Greetings from a German, living in France and missing such kind of interviews on french and german "supreme" channels.
Many thanks for your kind words. If there is anyone else you would love to hear from, please feel free to let me know here, by email, or here: docs.google.com/forms/d/e/1FAIpQLSdMjEDRe5qck8BluVfFUS05iCMeAeG1F6Htng31a9qPD8w8nw/viewform
Thousands stolen I've had thousands of dollars stolen from my bank account, direct deposits made by the i.r.s. I did my homework and had a zoom meeting with an agent. After this meeting concluded he said, "this (tracer) could take at least 120 day's. Please examine the (roman fasces) on USA Senate walls. Then please read Daniel chp 2-9? We were decived by our government to inflict mass casualties upon a already very oppressed people's who did nothing to U.S. Please read (Twin Towers NYC was a mossad operation) What happen nexted, Afghanistan, numerous overthrow of various Middle Eastern States. Why under pretense to destroy an enemy created by USA intelligence community for invasion, where we left billion's in military hardware too the very people we were hunting. Bagram airbase is now a chinese military advanced airbase. george w. bush jr. buy's 300k hectares in (Paraguay) centered on the world's quite probable last and largest (aquifer) covering at least three S.American countries. Who was in charge of the Twin Towers security, (MARVIN BUSH), the the president's brother, oh yeah! The USA has been positioned by a (beast system) for exploitation to manuver nation's into a ten-toe global economic union prison camps? What's coming, a strong delusion that people will embrace. Revelation 6:2 And I looked, and behold, a white horse! And its rider had a bow, and a crown was given to him, and he came out conquering, and to conquer
Thousands stolen I've had thousands of dollars stolen from my bank account, direct deposits made by the i.r.s. I did my homework and had a zoom meeting with an agent. After this meeting concluded he said, "this (tracer) could take at least 120 day's. Please examine the (roman fasces) on USA Senate walls. Then please read Daniel chp 2-9? We were decived by our government to inflict mass casualties upon a already very oppressed people's who did nothing to U.S. Please read (Twin Towers NYC was a mossad operation) What happen nexted, Afghanistan, numerous overthrow of various Middle Eastern States. Why, under pretense to destroy an enemy created by USA intelligence community for invasion, where we left billion's in military hardware too the very people we were hunting. Bagram airbase is now a chinese military advanced airbase. george w. bush jr. buy's 300k hectares in (Paraguay) centered on the world's quite probable last and largest (aquifer) covering at least three S.American countries. Who was in charge of the Twin Towers security, (MARVIN BUSH), the the president's brother, oh yeah! The USA has been positioned by a (beast system) for exploitation to manuver nation's into a ten-toe global economic union prison camps? What's coming, a strong delusion that people will embrace. Revelation 6:2 And I looked, and behold, a white horse! And its rider had a bow, and a crown was given to him, and he came out conquering, and to conquer
Really the question that NEEDS to be asked at this point in history: "what is money?". I dont think there is anyone alive that can answer that better than Yanis. All the other big name economists love to talk in circles and never come to a point about anything.
I really like Varoufakis he’s an amazing human being. I can listen to him hours and hours. He’s honest want a better world for everyone. Great economist. I wish I could be his neighbor and he’ll give a lecture and thousands like in old Anthen period could sit and listen to his teaching. Thank You 🙏🏼
Great truth Yanis speaks out about Europe. It´s fascinating how clearly he presents the situation Europe is in. Thanks for this informative conversation.
52,00-55,20 , He DIDNT SAID A WORD for the 7th and 4th generation bankers, rothchilds, rockfelers, (correspondingly), ... and others, and that reveals him as a stooge of them, that was groomed by them, to replace the current puppets, supposed - leaders of the nations of europe, with the new breed of lapdog like governors......... He just talked about vague financial technical creachers that obliged their owners to work and work and beeing ....unhappy !! That kind of BS he is talked about .......
He is the worst Finance Minister in Greece's history. You don't live in Greece and obviously you don't know the results of the implementation of his economic policy in 2015. Six months were enough to prove how incompetent the man is. He is good for writing books and for interviews. That's all 👎
Thank you for taking swings and being willing to miss by a little. I think this really slowed Varoufakis down and forced him to explain his interpretation of political economics more clearly than I’ve ever seen him do. Great interview!
Wonderful interview. I love varoufakis' way of using comparisons and metaphors. Some of the facts weren't 100 percent correct, but good enough for "everyone gets it" and probably only pedantic People like me notice in the first place. Anyway, i love it! :)
Great conversation. Answered some of the questions I have been asking. This Yanis Varoufakis is astounding. His last statement is in total sync with me. Thankyou for all the effort and for putting it up.
Wow, what an interesting talk from start to end. Mr Varoufakis you are one of my favourite thinkers. Good health and safe travels to you sir. And thank you for resonating with me on Star Trek; I recall that episode well. Gene Roddenberry had a vision of a world that was more just. Maybe idealistic to border on utopianism, but the stories were not about the future in outer space; they were about the present, us, and the state we find ourselves now. Thank you again.
That Yanis is smart I sit here struggling to learn and can barely put the pieces together I hang in there and do a lot of rewinding yet I always listen to him when I find him having his chats
beside beeing smart and deeply analytical, at 52,00-55,20 , He DIDNT SAID A WORD for the 7th and 4th generation bankers, rothchilds, rockfelers, (correspondingly), ... and others, and that reveals him as a stooge of them, that was groomed by them, to replace the current puppets, supposed - leaders of the nations of europe, with the new breed of lapdog like governors......... He just talked about vague financial technical creachers that obliged their owners to work and work and beeing ....unhappy !! That kind of BS he is talked about .......
As you wrote it...philosopher. Just theory and nothing more. Totally incompetent. We Greeks, we experienced the implementation of his economic policy in 2015. After six months the banks closed and Greece was one step away from being kicked out from the Eurozone and from the EU. 👎
@@zhaw4821 Of course it wasn't his fault. In Greece politicians are never responsible and accountable for their actions. 😂 They wanted hin to fail. Who are "they"? The freemasons, the illuminati, George Soros...who? Be specific, don't write in vague manner.
Indeed Yanis is right! The real stuff of life is to improve yourself, HUMANISM! Find out our limits our deep humanity and feel that we are all part of 1 universe unified.
money is also like water, necessary but only works when its correctly distributed, too much is harmful like a flood, too little the same like a drought so the main thing is correct even distribution
Beautifully said at the end there. Couldn't even imagine a world where people lived side by side with no money ruling any of them, just the betterment of the them and the other. Hope is good.
It's concerning to see a growing sense of unease, of disenfranchisement, particularly amongst younger people developing across the world, mostly in 'the West. There are obvious indicators but perhaps the core issue exists at an existential level. Perhaps Yanis recognises this.
I'm writing this around 10 am Monday 11/20/23. I don't know if Yanis Varoufakis reads these posts, but if he does I'd like him to address this matter: We all know that the very existence of finance -- lending money for interest -- requires ever expanding the money supply, therefore ever expanding the economy. But the WORLD cannot ex- pand, so this affair cannot go on w/out ending--obviously. Yet no economist has addressed this. Varoufakis is the smartest of the lot. Speak to this, please!
Yanis is a briliant man, but unwilling to draw real conclusions. Of course governments should take control of the banks, of course they should stop creating debt and start writing it off, of course capital should be redistributed toward the masses - but none of these things will be done. Therefore the question I would like to hear someone answer is what can we do to avoid anarchy, war, civil war, revolution and bodies hanging from lamp posts? Because that seems to be the default trajectory.
@@La-vc6nt True value is created by honest creative labour, and in their ability to do that all men are equal. They will die before they allow it. This is the problem with Yanis (as it was with Corbyn), he thinks we just politely vote for reform and the rich just meekly hand it over.
@@kubhlaikhan2015 💯 Agree totally, it won't be easy & the Criminal Elite won't just give it up, easily. As you said originally sadly probably means anarchy & civil war. One advantage we do have is there are many more of us than 1/2% controlling it all, but unless there is revolt they have armies & police forces, under their control. It won't be easy, unfortunately 💯
Excellent! The deceptively simple questions elicited fascinating answers - direct and beautifully illustrated. Funny too: “the European Union? I wish we had one…. How did the South Koreans manage to save their banks and get rid of their bankers? Those are powerful men! Answer from the president - ‘Easy. We called in the Marines!’” Noted!
Loved this!!!❤ There is a new paradox I wish Yanis could discuss. Renewable energy solutions with seaweed batteries and new nano materials graphene can reinstall indigenous culture. Village prosperity Solar, sea water hydrogen. 20000 people colonize coastal desert territory with just $10000 could kick start this new economy. How humanity needs to move for climate emergency this great new frontier. Lithium from the seawater, sulfur from composted fish waste, carrageenan from seaweed makes lithium sulfur battery. A new micro grid circular economy. One village at a time bridges humanity
Great podcast! Yanis is a gem. I would expand on the "Debt is a claim on future wealth " point by exploring what underpins all human wealth which is I suggest extraction of resources from the earth. Ultimately debt is a claim on future extraction. On a planet with finite resources, infinite debts can not be repaid by the earth system. When the earth system fails there will be no rolling it over. Any economic system which does not recognize its dependency on the eco-system that provides all the outputs and absorbs all it's waste is doomed to fail. Failure to live sustainably on your home planet is I suspect the true Great Filter.
cow on grass field creates a non zero sum game you fertilise soil, you produce better milk and meat with time, then you can use fertile soil for farming if you must producing high quality feed for animals the same as river that brings minerals with water and dirt actual model is to eat up all grass not letting it regenerate and push roots deeper, modify cow genetically to feed it equally modified unnatural feed producing with a few minerals on completely sterile land, and push chemical crap from factories to the river murdering fishes and sending toxic crap to fields human stated this madness with modification of plants that are inherently uneatable for humans this revolution competed with next one of inventing herding until today you can classify all human myths into three groups - original African stories including the lion man people from deep or born in a tree plus bad snake, next stories about flood and serpents, gods of water, and lastly myths of Eurasian steppe herders where cow in the main topic or stag eagle sometimes, each compounded on the earlier ones. herders were winning when graineaters got sick and got decimated by plagues because of deficient diet but we're losing when overcrowded cities organised and sent big dense armies often on ships it's always city vs desert, shore vs interior, meat vs grain and both affected by climatic cycles
Didnt easter island population do the same , eat and use the whole island and resort to canibalism at the end since where is the food for the population now . Men cant help themselves and women are thier support team , kids growing up to young adults try new things but it wont matter in the long run. Same now , computers ( ai ) wont help -they just enhance what some already have until they might take over with programmed with the same "code" as those who created the catastrofic situation and i guess a lesser program will be deleted (us) . Thats male men for you- I dont see a functioning brain in most men.
It is very understandable that somebody who governed an over indepted country advocates for debt withdrawal. This is called facilism. But if you check the greek case, austerity was very virtuous, since today Greece ceased to produce additional debt while its economy keeps growing and greeks gaining wealth while other countries that didnt go thru those reforms, like France, are sinking into debt.
Great interview. Politically I’m right wing but always appreciated Varoufakis - he’s an intelligent man with fair perspectives and clear communication. Very good!
It's not too late to come over to the light side. Right wing economics has simply been a failure for the US and UK, where you have the most right wing economics. Social democracies of Northern and western Europe are simply superior societies based on nearly all obvectivr measures like life expectancy, violence, etc.
I am lucky not to be an economist. So I can think about economics with great freedom by piecing together seemingly unconnected fragments of historical events. In their book, the great explorers of the jungles of central Brazil refer to the humanitarian nature of the indigenous economy: “… moitará is an important practice in the Xingu culture. It's a whole trade based on exchange. And the value of the objects negotiated is calculated by the time spent working on each one. Each tribe has its specialization in a certain activity.” ( THE MARCH TO THE WEST, Orlando Villas Bôas and Cláudio Villas Bôas, Companhia das Letras, 2012, p. 332) A little further on, after detailing what each tribe manufactured and traded in the moitará, the Villas Bôas recount an impressive example of “solidarity economy” and civilization. The example is so good, beautiful and fair, that it should serve as an example for us, who call ourselves civilized and who, however, practice increasingly irrational and destructive varieties of a capitalism described by the left as “savage” (although the expression “savage capitalism” is a contradiction in terms if we take into account the example of a “solidarity economy” and highly civilized given by savages). The Villas Boas report that: “Yesterday we witnessed a symbolic exchange between two villages - Kamaiurá and Trumai. The trumai were in a serious feeding crisis. In their fields, still young, there wasn't a single cassava root. In the exchange-trade, the two groups were placed in front of each other, and between them there was a small plot of one to two square meters, previously swept away. Chief Trumai, on that occasion, explained to those present the situation in his village with regard to food. Having said that, he placed a small ball of pequi dough (the size of a grain of corn) in the center of the small yard, and asked for cassava dough in exchange. Tamacu, the Kamaiurá chief, incontinently picked it up, took a minuscule particle from it and put it in his mouth, offering it afterwards to those of his village. Several heads of house came forward and imitated the cacique. Moments later, the wives of those who had tasted the pequi placed huge baskets of dry cassava bread in the same place. A few hundred pounds. Without waiting, we witnessed a beautiful demonstration of solidarity, and it is also necessary to take into account that these Indians were bitter enemies for years.” (A MARCHA PARA OESTE, Orlando Villas Bôas and Cláudio Villas Bôas, Companhia das Letras, 2012, p. 333/334). I cited this episode in detail because it makes us think. Little of this indigenous civility and solidarity characterized the first Workers' Party governments in Brazil. Under the command of the Lula/Dilma governments, the Brazilian State tried to recreate and modernize experiences such as those reported by the Villas Bôas brothers with the Bolsa Família (income for those who do not have) and Prouni (public university education for those who do not) programs. The two programs suffered intense opposition from some sectors that consider themselves “more civilized” in Brazilian society. The result of the reaction of the owners of the big money was a coup d'état in 2016 and the pandemic genocide commanded by Bolsonaro. Now I jump back in time and mention two episodes that I consider relevant. “Most of the coins lost their value. Doctor Heinrich Roos would recall seeing a soldier from Württemberg sitting by the roadside outside Orsha with a silver bar in his lap, begging someone to exchange it for any scraps of food. No one, however, was prepared to give up rations that could save their lives in exchange for a silver bar that would only have value when they returned home. The only reaction he managed to elicit from the men who shuffled past him was a torrent of cruel jokes. Even women’s last resort - prostitution - had become worthless under the circumstances.” (1812 - Napoleon's fatal march towards Moscow, Adam Zamoyski, Editora Record, Rio de Janeiro-São Paulo, 2013, p. 433) “Colonel Seruzier of the light artillery of the 2nd Montbrun Cavalry Division was luckier than most. He was captured by Cossacks just as he was about to cross the Niemen back. He was wounded, as well as stripped and robbed, and forced to march barefoot through the snow in bitter cold. He complained about the treatment he was receiving when he was brought before Platov, but received a dismissive rebuke. Fortunately for Seruzier, Platov's son took pity on him, and, after bandaging his wounds, gave him some rags to wear. It would have made little difference when he was dispatched under the charge of Cossack guards had it not been for a stroke of extraordinary good fortune that presented itself to him when he encountered a Russian colonel whom he had imprisoned at Austerlitz seven years before and whom he had treated with courtesy. The colonel gave him clothes and money, and personally recommended him, with threats, to the commander of the convoy.” (1812 - Napoleon's fatal march towards Moscow, Adam Zamoyski, Editora Record, Rio de Janeiro-São Paulo, 2013, p. 513) Everything the French plundered in Smolensk and Moscow had to be abandoned on the way back. Not even the carts with the treasure plundered by Napoleon reached France. Gold and silver objects ceased to be valuable, as the only things that really had value were the tattered clothes, improvised warm clothes and extremely scarce food. The compassion of an enemy treated kindly in the past, on the other hand, has turned into an extremely valuable currency. What unites the experience of the Brazilian Indians reported by Villas Boas brothers and the significant episode of the painful withdrawal of Napoleon's troops from Russia narrated by Adam Zamoyski is the marginal uselessness of money (and things normally considered valuable) in crisis situations. Yanis Varoufakis compared money to light to say that it has a dual nature. The immense value that the compassion of one human being for another in a situation of extreme need can have is a kind of Event Horizon in a Black Hole from which not even light can escape.
I guess the value of money collapses if it can't lubricate transactions (if there are no transactions to be had in crisis). The brazilian example interests me as a window into another way of doing things. Having grown up in our current system, it's easy to lose imagination for different possibilities of organizing our monetary systems.
My definition of Money is that its Human Potential Energy (so can be stored). When you Spend the money its converted to Human Kinetic Energy (people exert energy as a consequence of the Money being converted from Potential to Kinetic).
The question of who rules the world is undeniably linked to those who control the flow of money. Unfortunately, in many cases, it is a small, select group of powerful individuals, corporations, and financial institutions that hold disproportionate influence over global economic systems. These elites are often able to shape policies, influence governments, and secure their own interests at the expense of the majority. The concentration of wealth and power among a few individuals or organizations creates an unjust system where the needs and rights of the many are subordinated to the desires of the few. From a rights-based and justice perspective, this unequal distribution of wealth and power is a fundamental injustice. True justice requires that wealth and resources be distributed in a way that promotes equality, access to opportunity, and human dignity for all people, not just those at the top. Economic systems should be designed to serve the common good, ensuring that everyone has access to basic needs such as healthcare, education, and a decent standard of living. The rights to fair wages, economic participation, and a life free from exploitation are fundamental to a just society. When a small group controls the wealth, they often impose systems that prioritize profit over people, perpetuating inequality and undermining the rights of individuals. In such a system, the majority may work hard, but they are left with little to show for it, while the few continue to amass wealth through mechanisms that often exploit both workers and the environment. For true justice, we must challenge the systems that allow money and power to be concentrated in the hands of a few. Economic policies must prioritize fairness, sustainability, and the protection of human rights. Everyone should have the opportunity to thrive, not just those who are fortunate enough to be born into privilege or power. Only by reimagining the way money is used and distributed can we hope to build a world where justice is a reality for all.
Varoufakis is one of these people that I agree in 90% of the stuff he says, my disagreements are not that strong in the rest 10%, he is a Marxist/socialist and I am a believer in free markets. Not sure how this happens. In any case, I always enjoy listening to him because he sees things from a different perspective than me, for just about everything - and that's refreshing.
Money is social relations of any kind, but mostly represents exploitative relations. Thanks Yanis for the poetic representation of money, yet realistic.
Money is a legal system for dividing up, storing and exchanging access to wealth. It is not wealth. Wealth is people making the goods and delivering the services that we need and want.
It is a by definition anti wealth, because it needs to be swapped to create wealth. The illusion is that we confuse it with wealth. Raffle tickets vs The prize
@@williamjmccartan8879 The only point that I am trying to make is that money is not wealth. The people that want to tell you that money is wealth are those who either have a lot of money or make their living by manipulating money - banks, hedge funds, venture capitalists et cetera. They want us to believe that the money system is like the law of gravity whereas it is a purely man-made legal system that can be changed to suit our needs. The money system is like a Frankenstein’s monster which we have created and has now taken over us. We have the obscene situation of people dying in poverty in a world of huge over productive capacity because we cannot put willing hands to much needed work - without money.
Thank you, Yanis Varoufakis . I always enjoy those who have dialogs with you. Yes, when the banks fell in 2008, that was socialism for the elites(bankers) and capitalism for the poor. How about that pen, Adam Smith, was writing about and how it was made? How many people can buy a Cartier pen today? Why does Tawain have the best tech with TSMG, lithium batteries. Why is there such a problem? The Taiwanese are really intelligent tech people! Your experience, knowledge, and expertise I appreciate. What an extraordinary mind you have, and I thank you for your part of waking our world up. Greed is the power. Greece and Puerto Rico are correct. Karl Marx, books 1,2,3. It is not taught in most universities, at least not in America. "A general definition of civilization: a civilized society exhibiting the fine qualities of truth, beauty, adventure, art, peace." Alfred North Whitehead
Spot on. 52,00-55,20 , He DIDNT SAID A WORD for the 7th and 4th generation bankers, rothchilds, rockfelers, (correspondingly), ... and others, and that reveals him as a stooge of them, that was groomed by them, to replace the current puppets, supposed - leaders of the nations of europe, with the new breed of lapdog like governors......... He just talked about vague financial technical creachers that obliged their owners to work and work and beeing ....unhappy !! That kind of BS he is talked about .......
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Yanis Varoufakis is a fountain of knowledge and wisdom. It's wonderful how he frames everything in terms of incentives and human psychology. It makes his thinking very clear and consistent.
I'm tired of most modern economists who pretend that incentives and human psychology don't matter and who talk about everything in terms of cherry-picked models, manipulated formulas and statistics.
Too many economists today are all smoke and mirrors; they never even try to explain why things are the way they are.
Άντε Γιάννη πήγαινε!!!
Είσαι τόσο απίστευτα έξυπνος!
what who says phchology dont matter? name one economist?
N8
If anyone 'thinks' that this shameless opportunistic champagne socialist with delusions of adequacy really knows or means what he regurgitates, then humanity is in deep kaka!
Just ask his "left wing" comrades who dropped kicked him out of their treasonous stooge government - if you can find what's left of it... (pun intended)
Great Story tELLER economists R Type of Performers & He S Teacher too. But 4 Things Of That He Said R Unenforceble Secretly Tyraniccal . & Capitalism WORKS GREAT if you priest like enforce Extermination of crapbags and worthless Byllshitters. He Dont Want that Because He S The Latter. NOT OPPOSING the Other Ministers WERE WORSE THAN HIM
This is foundational information for people trying to gain an understanding of modern finance. Well done ES. I look forward to more fantastic work from you.
Much appreciated! :)
What a breath of fresh air. History, Economy, Philosophy... Hope.
Would be fantastic if it wasn't only air but some basic knowledge too.
Hot air isn't that scarce actually.
BS...unfortunatelly you're not Greek and you don't live in Greece. If you were, you would know what an idiot is Varoufakis. The worst Finance Minister we ever had. Just theory and nothing more. Six months were enough to prove his incompetence.
Who rule the world Polish men says BIS-IMF-FED triangle currencies monopoly.
Their goal is CBDC programable token of nothingness follows by Neurolink microchip brain implant AI humanoid SLAVERY death holocaust.
There is nothing in betwen those parasites goal is rule entire world and cut population. So all shit talk about demografii is BS , they sent to Europy usless ,unskillled forced bustards. In Poland we need those go get visa and it is limited not for sale all those corrupted goverment could done so Shortly. So the Global Goverment want distroy our values mix us make us losse identity and give up.
They don't care about demografii becasue they kill you all this argument is down invalid crap.
If you view the world through a Marxist lens
@@hans-joachimbierwirth4727recommend some resources that has basic knowledge and not hot air
I live the way Yanis always manages to make me not just understand economics, but take an interest in it!
Yanis is a strong communicator, gets the message across eloquently, using allegorical language. It's quite captivating for a listener.
Thank you, enjoyed your chat.
very glad you enjoyed!
Only to listeners who listen rather uncritical to his musings and have a very limited knowledge of Economics.
Precisely!
@@martinpetersen3187 Does one detect an air of ridiculous superiority in your old-fashioned tone with your dismissive assumption that other listeners, who you know nothing of, have no critical quality or knowledge of what is being discussed apart from you? In any case, are we always to spoil the pleasures of listening to sages with suspicions, negativity and with judgmental hearts? Yanis Varoufakis, a recognised Greek sage, could comfortably sit and muse with his renowned forebears Aristotle and Plato. And, what about you? Perhaps, your negatively judgemental answer to Yanis will be presented in a podcast of your own very soon from which we might equally sigh and swoon over for its poetic delivery of ideas and truths ~ aye?
@@JoseighBlogs He might be recognised by some as a Greek "sage". But believe me there are others who have a far more critical view of him, his arguments and his policy as a former Minister of Finance. But I have to admit that as a Minister of Finance he succeeded in one effort most others would have failed: he united 18 Eurozone Finance minister against the then Greek government and alienated in no time politicians who sympathised at the beginning with the government he was a part of.
Ive listebed to yanis for a few years now. Think hes more truthful than most. Hes great!
Without much previous knowledge about the interlocutors, did not expect anything. At the end, must say, one of the best talks I have watched. Bravo, both to the host and, especially, of course, to the guest, Mr. Varoufakis.
I like Yanis' power of reason and humanity. The world needs more people like him. For me this is not a matter of left or right - it is a matter of right and wrong, a morals-based position.
Tell that to the bully and the slave masters of capitalism
I always loved listening to Varoufakis debates, he had the balls to try and stand up to the IMF
If anyone 'thinks' that this shameless opportunistic champagne socialist with delusions of adequacy really knows or means what he regurgitates, then humanity is in deep kaka!
Just ask his "left wing" comrades who dropped kicked him out of their treasonous stooge government - if you can find what's left of it... (pun intended)
Yanis is a great academic and as a great academic has the talent of being able to rationalize complex topics with clear communication. Great interview!
The biggest drama of all this is that currently socialism exists for the elites, which are constantly bailed out by the governments, the rest of the society lives under market rules and austerity. This will sink the so-called west if not addressed now, we are nearing the point of no return.
Thank you both for the great interview. I've to say I enjoyed every second of it and discovered how great an economist is Mr Varoufakis, who I knew nothing of except his name and governmental function for a few years. He'll never win the Nobel prize, but I'll bet my last penny it doesn't bother him at all, given the intellectual value the prize, if ever it had any, has retained...
Thousands stolen
I've had thousands of dollars stolen from my bank account, direct deposits made by the i.r.s. I did my homework and had a zoom meeting with an agent.
After this meeting concluded he said, "this (tracer) could take at least 120 day's.
Please examine the (roman fasces) on USA Senate walls. Then please read Daniel chp 2-9?
We were decived by our government to inflict mass casualties upon a already very oppressed people's who did nothing to U.S.
Please read (Twin Towers NYC was a mossad operation)
What happen nexted, Afghanistan, numerous overthrow of various Middle Eastern States.
Why, under pretense to destroy an enemy created by USA intelligence community for invasion, where we left billion's in military hardware too the very people we were hunting.
Bagram airbase is now a chinese military advanced airbase.
george w. bush jr. buy's 300k hectares in (Paraguay) centered on the world's quite probable last and largest (aquifer) covering at least three S.American countries.
Who was in charge of the Twin Towers security, (MARVIN BUSH), the the president's brother, oh yeah!
The USA has been positioned by a (beast system) for exploitation to manuver nation's into a ten-toe global economic union prison camps?
What's coming, a strong delusion that people will embrace.
Revelation 6:2
And I looked, and behold, a white horse! And its rider had a bow, and a crown was given to him, and he came out conquering, and to conquer
Yanis is a great human being. An example to us all. I was moved when he explained his reasons for helping his countrymen as finance minister.
He ist Soros creature in Case you don't know.
Yanks Varoufakis is a fake leftist with old fashioned rubbish ideas that have been rejected by modern mathematicians. He called Germany Nazis for bailing Greece out of debt incurred by a bloated lazy civil service.
He is soo yesterday.
LOVE HIM
Mr. Varoufakis is kindred spirit to me. In a world that has stopped playing the music of life his every insight inspires a new tune.
A bit of harmony in this world would be a nice surprise
@@cavegirl3712 it’s almost like our leaders are suicidal maniacs.
@@cavegirl3712It's our job to start playing the song again.
Airy fairy hyperbole much
@@simonheaney8721 I have criticisms of the man but he just got the fuck beaten out-of him by right wing thugs.
Yanis is a Trekkie!!!! The Star Trek world helped me imagine a better future for humanity. We always have our flaws, but I remember that very episode Yanis reference and that very scene stuck with me as well. Once we can get pass the need to survive, essentially we can expand our horizons by utilizing and developing our talents to become better people. Thank you Yanis for all your work!
Great communicator, this gentleman succeeded to giving the opportunity of having an idea understanding of this important complexity of the power of the worlds.
Thanks to the show!!!!
I’ve been listening to Yanis for several years now thanks to The Joe Rogan Experience. His analyses are so precise and he’s such a wonderful communicator. We all really do need to take heed of his warnings 👍
Yanis, a true gentleman. Pleasure to learn of his mindful experience and heart held ideals. Thank you.
Thanks Tony - our pleasure. Glad you enjoyed. Welcome to the podcast.
Thousands stolen
I've had thousands of dollars stolen from my bank account, direct deposits made by the i.r.s. I did my homework and had a zoom meeting with an agent.
After this meeting concluded he said, "this (tracer) could take at least 120 day's.
Please examine the (roman fasces) on USA Senate walls. Then please read Daniel chp 2-9?
We were decived by our government to inflict mass casualties upon a already very oppressed people's who did nothing to U.S.
Please read (Twin Towers NYC was a mossad operation)
What happen nexted, Afghanistan, numerous overthrow of various Middle Eastern States.
Why, under pretense to destroy an enemy created by USA intelligence community for invasion, where we left billion's in military hardware too the very people we were hunting.
Bagram airbase is now a chinese military advanced airbase.
george w. bush jr. buy's 300k hectares in (Paraguay) centered on the world's quite probable last and largest (aquifer) covering at least three S.American countries.
Who was in charge of the Twin Towers security, (MARVIN BUSH), the the president's brother, oh yeah!
The USA has been positioned by a (beast system) for exploitation to manuver nation's into a ten-toe global economic union prison camps?
What's coming, a strong delusion that people will embrace.
Revelation 6:2
And I looked, and behold, a white horse! And its rider had a bow, and a crown was given to him, and he came out conquering, and to conquer
He is a gentleman and he has great analytican abilities, BUT,
at 52,00-55,20 , He DIDNT SAID A WORD for the 7th and 4th generation bankers, rothchilds, rockfelers, (correspondingly), ... and others,
and that reveals him as a stooge of them, that was groomed by them,
to replace the current puppets, supposed - leaders of the nations of europe, with the new breed of
lapdog like governors.........
He just talked about vague financial technical creachers that obliged their owners to work and work and beeing ....unhappy !!
That kind of BS he is talked about .......
I can’t believe that his favorite captain it’s also my favorite captain. This guy is a brother from an other mother :) made my day.
Yanis is one of the smartest European! He is absolutely correct about his estimate of van der Leyen and all the crime carried out by the European comission.
YV is great - what he didn’t explain was how “money printing” by definition devalues a currency and creates inflation.
Conservatives emphasize that government handouts create inflation (furlough in the UK and Trump’s cheques), it does, but the money printing for the banks far exceeds any such handouts and is the key driver of inflation of assets.
That's exactly how the scam FIAT fractional reserve banking system was designed, as the world's largest ponzi pyramid.
The last step in the lifecycle of money is taxation. Money printing must be offset by "burning" the money at the end of its journey from the Fed, the central banks, commercial banks, smaller banks, employer, wage earners, consumer goods producers, service providers, etc. If the money is not intelligently taxed back out of the system you will see inflation everywhere there is "too much money chasing too few goods."
New housing and rent prices are high because hedge funds and wealthy individuals literally have too much money to spend on cash purchases, and workers are left with record debt, 30 year high interest rates, and historically depressed wages.
Fiat currency has led to massive corruption where, as you said, the gains are privatized, the losses are socialized, and the tax system is rigged against the majority for the benefit of the few. It's unsustainable.
More fiat currency more promises(IOUs) until promises can't be fulfilled.
@1999g...... 💯💯👌👍 You Totally NAILED it. Money creation of FIAT currencies creates Inflation. More currency chasing basically same amount goods - INFLATION. Not all the economic babble/bullshit, they try to blind us with 💯
Very enjoyable ! Thanks ! Kept me brain active enough that coffee was not needed and any episode that concludes with Star Trek wisdom is something to be savored ! Nick , NavyBlueSmoke , LST-1195 , doppleganger of original TV Star Trek member Jimm Rugg , Creative Artist , Special Effects . Very fortunate to have met Jim , about 2 weeks before his transistion. Nick , NavyBlueSmoke , LST-1195. William Richard James Nicholson , going where no man has gone before .........
The questions themselves were quite excellent and thought provoking, congratulations on that. At times I thought Yanis would have trouble answering them but no, he had the answer and his view at the tip of his tonge. Quite a powerful thinker.
One has to read btwn the lines to get the full picture though.
He’s super well educated in his field.
@@Showmetheevidence- yes but he cesurs himself a lot. You got to read in btwn the lines, then go to Michael Hudson & beyond to get the full picture. Yanis still wants to have one foot in "the club"...
Thousands stolen
I've had thousands of dollars stolen from my bank account, direct deposits made by the i.r.s. I did my homework and had a zoom meeting with an agent.
After this meeting concluded he said, "this (tracer) could take at least 120 day's.
Please examine the (roman fasces) on USA Senate walls. Then please read Daniel chp 2-9?
We were decived by our government to inflict mass casualties upon a already very oppressed people's who did nothing to U.S.
Please read (Twin Towers NYC was a mossad operation)
What happen nexted, Afghanistan, numerous overthrow of various Middle Eastern States.
Why, under pretense to destroy an enemy created by USA intelligence community for invasion, where we left billion's in military hardware too the very people we were hunting.
Bagram airbase is now a chinese military advanced airbase.
george w. bush jr. buy's 300k hectares in (Paraguay) centered on the world's quite probable last and largest (aquifer) covering at least three S.American countries.
Who was in charge of the Twin Towers security, (MARVIN BUSH), the the president's brother, oh yeah!
The USA has been positioned by a (beast system) for exploitation to manuver nation's into a ten-toe global economic union prison camps?
What's coming, a strong delusion that people will embrace.
Revelation 6:2
And I looked, and behold, a white horse! And its rider had a bow, and a crown was given to him, and he came out conquering, and to conquer
Yanus speaks like a well written book. His books sound the way he speaks. A great communicator.
I've listened to Varoufakis in a number of videos - TY, the 'news', other channels. He's often dealing with complex questions on a complex subject! But i must hand it to you Escaped Sapiens for good questions and managing to hold Varoufakis (who i like very much) to neat compartmented questions. He is someone I would love to meet, but equally I am new to your channel, now a subscriber . As for his ref to Star Trek, wow, i do this all the time in conversations and it is at that moment people are convinced I'm a looney 😄🙈
Many thanks for your kind comment.
This was great conversation really appreciate Yanis Varoufakis and his work. He is adding value to humanity and instilling HOPE.
Beautiful comparison of light and money👍
I need to find a money switch. 😊
You may also be interested in David Harvey's view of money as the different stages of water.
@@kennethhancock2433 realisation* is the switch, that's the moment the idea is realised as capital. When it becomes tangible to borrow a term.
Yanis, respect for you and for what you are working on. Our world would be much better if there would be some more men like you.
He was one of the people who brought the crisis onto greece...
@@zarni000 Hi. Would you mind telling me more?
@@duncansteedman9986 look at his career. He was in government way before the crisis hit and he advocated then exactly the policies that brought about that crisis. He is also married to thr heiress of the richest textile manufacturer in Greece and he talks about capitalism failed. He is just a self promoter and a demagogue
Greece got duped yannis is a good man
@@geniemarie7977 he was part of the government that created the problem. he duped greece :)
Thank you for this really awesome interview. He combines ideals with pragmatism and open minded look at the world at the level of perfection beyond ideology. Even thou it leaves me a bit depressed especially as the Eu citizen, it also leaves some hope that ppl like him are still here and may get to power at some point. Thank you once again, very nice talk.
Thousands stolen
I've had thousands of dollars stolen from my bank account, direct deposits made by the i.r.s. I did my homework and had a zoom meeting with an agent.
After this meeting concluded he said, "this (tracer) could take at least 120 day's.
Please examine the (roman fasces) on USA Senate walls. Then please read Daniel chp 2-9?
We were decived by our government to inflict mass casualties upon a already very oppressed people's who did nothing to U.S.
Please read (Twin Towers NYC was a mossad operation)
What happen nexted, Afghanistan, numerous overthrow of various Middle Eastern States.
Why, under pretense to destroy an enemy created by USA intelligence community for invasion, where we left billion's in military hardware too the very people we were hunting.
Bagram airbase is now a chinese military advanced airbase.
george w. bush jr. buy's 300k hectares in (Paraguay) centered on the world's quite probable last and largest (aquifer) covering at least three S.American countries.
Who was in charge of the Twin Towers security, (MARVIN BUSH), the the president's brother, oh yeah!
The USA has been positioned by a (beast system) for exploitation to manuver nation's into a ten-toe global economic union prison camps?
What's coming, a strong delusion that people will embrace.
Revelation 6:2
And I looked, and behold, a white horse! And its rider had a bow, and a crown was given to him, and he came out conquering, and to conquer
52,00-55,20 , He DIDNT SAID A WORD for the 7th and 4th generation bankers, rothchilds, rockfelers, (correspondingly), ... and others,
and that reveals him as a stooge of them, that was groomed by them,
to replace the current puppets, supposed - leaders of the nations of europe, with the new breed of
lapdog like governors.........
He just talked about vague financial technical creachers that obliged their owners to work and work and beeing ....unhappy !!
That kind of BS he is talked about .......
THANKS for the great interview, you are a good interviewer, one that asks the good question and let the the person speaks. The person doing the segment just poses a question and lets Varoufakis respond. A refreshing change from the usual interview where the person tries to focus the interview to himself and NOT the person you WANT to listen to this great lecturer, great.
My pleasure - thanks for the kind words.
@@EscapedSapiensGreat job, perfect questions, then listen. Great work, SUBSCRIBED!
Dude, thank you for this video. Your channel is highly underrated!
Cheers! I appreciate that.
@@EscapedSapiensYour channel will soon explode, great work! 💯👌👍
Love Varoufakis way to explain things and enjoyed this respectful great interview. Thank you, both!
he is one of the few foreign dignitaries I enjoy listening to.
52,00-55,20 , He DIDNT SAID A WORD for the 7th and 4th generation bankers, rothchilds, rockfelers, (correspondingly), ... and others,
and that reveals him as a stooge of them, that was groomed by them,
to replace the current puppets, supposed - leaders of the nations of europe, with the new breed of
lapdog like governors.........
He just talked about vague financial technical creachers that obliged their owners to work and work and beeing ....unhappy !!
That kind of BS he is talked about .......
Who rule the world Polish men says BIS-IMF-FED triangle currencies monopoly.
Their goal is CBDC programable token of nothingness follows by Neurolink microchip brain implant AI humanoid SLAVERY death holocaust.
There is nothing in betwen those parasites goal is rule entire world and cut population. So all shit talk about demografii is BS , they sent to Europy usless ,unskillled forced bustards. In Poland we need those go get visa and it is limited not for sale all those corrupted goverment could done so Shortly. So the Global Goverment want distroy our values mix us make us losse identity and give up.
They don't care about demografii becasue they kill you all this argument is down invalid crap.
All class no bull crap that’s Yanis. Love his responses when getting interviewed by smart aleck journalists with their own agendas.
What a great man, I could listen to him every day. Thanks for that interview 😊
Oh how we would all benefit from having this wonderful guy and his like in charge of our governments and institutions.
Had bean something else yes agreement here 😉
Would be interesting to hear Varoufakis' take on times where money becomes pointless. During the Nazi occupation for instance, when in Holland food was rationed or simply hardly available, people traded in goods for goods: say potatoes or bread for jewelry.
What a brilliant teacher Yanis V is. The idea of the production-distribution-financialisation process being overturned with the end of feudalism in the 18th c so that it became financialisation-distribution-production. I've seen a couple dozen of his talks, and he is always enthused about describing economical processes in a way that we students can grasp. A paradigmatic, generous imparter of that knowledge and understanding which is vital to a dignified, worthwhile life. One of my favorite humans. Many thanks.
Koko, imma new to Mr Yani, but big fan now. ty
Hi @@TheBlueskyson Certainly an insightful and knowledgable perspective on capitalism at this time. And now concerns about a return of Trump. Best regards.
@@kokolanza7543thanks friend. Go well out there bro
This was great. Yanis is very Conscious.
Great talk - and some great questions too. Yanis - thanks for all you do!
Great interview, thanks for that. A great man, Yanis. Despite the great "lecture" as a whole, for me the most important message was the last, I agree with him 110%..
Yanis is a hero. Respect for speaking the truth.
Mr. Varoufakis sticks to a thinking process most of us continue to have; which is thinking in nation states or countries.
In reality the financial system and economies are being controlled and destructed by private (central) banks, at least since WW1, being solidified at the end of WW2 through Breton Woods and the establishment of its controlling mechanism IMF, Worldbank, but also the Federal Reserve. The resulting debt-based banking system, being the biggest crime of the century, has enslaved all IMF-member states, thus nearly the planet as a whole. If anyone refused to comply, they just start to sanction them, inflict a regime change or induce a war.
So, it doesn't make sense to point fingers at German or English banks, because they're owned by the same shareholders. There are 3 investment conglomerates controlling at least 2 times the global GDP. This is what we're dealing with, concentration and centralization of wealth, power and control.
However, their system of enslavement came to an end in 2008 and saw its final collapse in September 2019 (repo-crash). That's why they came up with crisis after crisis, to be able to direct taxpayers' dollars to their pockets. "Climate" is the same story, funneling public money to their multi-nationals - socializing debt and capitalizing profits. The digitalization or digital concentration camps as I tend to call them, including digital IDs, QR-codes and CBDCs is their final goal to remain in power.
The EU is a spin off of Wall Street and Washington and is doomed to fail, as long as they don't separate from the global banking mob. Russia, among others understood and took action.
The solution is to build up decentralized, local banking systems, controlled by the people, to be able to hold people accountable. And that's exactly what's already happening. Because power corrupts and absolute power corrupts absolutely.
What are their names and where do they live
GIVEN The solution is to build up decentralized, local banking systems, controlled by the people, to be able to hold people accountable.----
What prevents ''''''the people"'''' from '''''building up decentralized banking systems''''''' ?
You tell me
The prices for many consumer goods in Russia have doubled since last year, what a shining example. Maybe they'll end up like Zimbabwe with trillion rouble banknotes. The hegemony of the IMF is not fair, but there has to be a better example than Russia for an alternative.
@SkateSka prices in Russia have doubled? What country do you live in? Prices in UK are way above headline figures. And we're shafted big style for energy.
We really need Yanis Varoufakis to lead the EU if not the world! Perfect common sense cutting through all the bankers / right wing BS & lies. What an intellect. What a man!
That was one of the most delightful and interesting hour I have had for a very long time. Thank you Shane and Yanis.
Our pleasure. Welcome to the channel Ian. Glad you enjoyed.
Hello Shane, Hello Yanis, thank you for this impressive lecture. That was a model for an interview, that would really deliver deep insight and a lot of things to chew on for quite a time!
Greetings from a German, living in France and missing such kind of interviews on french and german "supreme" channels.
Many thanks for your kind words. If there is anyone else you would love to hear from, please feel free to let me know here, by email, or here: docs.google.com/forms/d/e/1FAIpQLSdMjEDRe5qck8BluVfFUS05iCMeAeG1F6Htng31a9qPD8w8nw/viewform
Thousands stolen
I've had thousands of dollars stolen from my bank account, direct deposits made by the i.r.s. I did my homework and had a zoom meeting with an agent.
After this meeting concluded he said, "this (tracer) could take at least 120 day's.
Please examine the (roman fasces) on USA Senate walls. Then please read Daniel chp 2-9?
We were decived by our government to inflict mass casualties upon a already very oppressed people's who did nothing to U.S.
Please read (Twin Towers NYC was a mossad operation)
What happen nexted, Afghanistan, numerous overthrow of various Middle Eastern States.
Why under pretense to destroy an enemy created by USA intelligence community for invasion, where we left billion's in military hardware too the very people we were hunting.
Bagram airbase is now a chinese military advanced airbase.
george w. bush jr. buy's 300k hectares in (Paraguay) centered on the world's quite probable last and largest (aquifer) covering at least three S.American countries.
Who was in charge of the Twin Towers security, (MARVIN BUSH), the the president's brother, oh yeah!
The USA has been positioned by a (beast system) for exploitation to manuver nation's into a ten-toe global economic union prison camps?
What's coming, a strong delusion that people will embrace.
Revelation 6:2
And I looked, and behold, a white horse! And its rider had a bow, and a crown was given to him, and he came out conquering, and to conquer
Thousands stolen
I've had thousands of dollars stolen from my bank account, direct deposits made by the i.r.s. I did my homework and had a zoom meeting with an agent.
After this meeting concluded he said, "this (tracer) could take at least 120 day's.
Please examine the (roman fasces) on USA Senate walls. Then please read Daniel chp 2-9?
We were decived by our government to inflict mass casualties upon a already very oppressed people's who did nothing to U.S.
Please read (Twin Towers NYC was a mossad operation)
What happen nexted, Afghanistan, numerous overthrow of various Middle Eastern States.
Why, under pretense to destroy an enemy created by USA intelligence community for invasion, where we left billion's in military hardware too the very people we were hunting.
Bagram airbase is now a chinese military advanced airbase.
george w. bush jr. buy's 300k hectares in (Paraguay) centered on the world's quite probable last and largest (aquifer) covering at least three S.American countries.
Who was in charge of the Twin Towers security, (MARVIN BUSH), the the president's brother, oh yeah!
The USA has been positioned by a (beast system) for exploitation to manuver nation's into a ten-toe global economic union prison camps?
What's coming, a strong delusion that people will embrace.
Revelation 6:2
And I looked, and behold, a white horse! And its rider had a bow, and a crown was given to him, and he came out conquering, and to conquer
If you read the fine print of The Forbes 'Richest' list, it says right in the fine print they don't count bankers or royalty.
Really the question that NEEDS to be asked at this point in history: "what is money?". I dont think there is anyone alive that can answer that better than Yanis. All the other big name economists love to talk in circles and never come to a point about anything.
I really like Varoufakis he’s an amazing human being. I can listen to him hours and hours. He’s honest want a better world for everyone. Great economist. I wish I could be his neighbor and he’ll give a lecture and thousands like in old Anthen period could sit and listen to his teaching.
Thank You 🙏🏼
Great truth Yanis speaks out about Europe. It´s fascinating how clearly he presents the situation Europe is in. Thanks for this informative conversation.
Für alle. I never seen Varoufakis sharper. Excellent podcast.
Welcome :).
He is about as sharp as a bowling ball.
Simple , basic and straight to the points interview !! Great work both of you ! Thank you !
Making others waste their time on that idiot by letting him ramble on without ever questioning his bullshit is a shame.
Best place to swim...?
Really?
Stupid questions and look at Shane's face. He is totally lost.
Shane is a fool.
So clear and concise. Bail out the banks, not the bankers, shareholders, BOD’s! Thank you!
52,00-55,20 , He DIDNT SAID A WORD for the 7th and 4th generation bankers, rothchilds, rockfelers, (correspondingly), ... and others,
and that reveals him as a stooge of them, that was groomed by them,
to replace the current puppets, supposed - leaders of the nations of europe, with the new breed of
lapdog like governors.........
He just talked about vague financial technical creachers that obliged their owners to work and work and beeing ....unhappy !!
That kind of BS he is talked about .......
Great chat, thank you, Yanis is a treasure.
He is the worst Finance Minister in Greece's history. You don't live in Greece and obviously you don't know the results of the implementation of his economic policy in 2015. Six months were enough to prove how incompetent the man is. He is good for writing books and for interviews. That's all 👎
Thank you for taking swings and being willing to miss by a little. I think this really slowed Varoufakis down and forced him to explain his interpretation of political economics more clearly than I’ve ever seen him do. Great interview!
Thanks! And thanks for listening.
This video captures Yanis at his best. Thank you!
It's a nice introduction to his extreme incompetence.
Wonderful interview.
I love varoufakis' way of using comparisons and metaphors.
Some of the facts weren't 100 percent correct, but good enough for "everyone gets it" and probably only pedantic People like me notice in the first place.
Anyway, i love it! :)
If you are going to make pedantic comments, atleast provide some minimal elaboration.
Excellent video! Such an in-depth discussion about a serious topic. Thank you!
Great conversation. Answered some of the questions I have been asking. This Yanis Varoufakis is astounding. His last statement is in total sync with me. Thankyou for all the effort and for putting it up.
Yanis - keeps the hope alive that not everything is lost. There are still a few humans around.
Keep the hope alive 😂😂😂 Do you know that Neo-Nazis are on the rise in Greece again? You know why? Thanx to Varoufakis and people like him.
Mr Varoufakis you are a well read intelligent man. Thus it is interesting to listen to your arguments
Wow, what an interesting talk from start to end. Mr Varoufakis you are one of my favourite thinkers. Good health and safe travels to you sir. And thank you for resonating with me on Star Trek; I recall that episode well. Gene Roddenberry had a vision of a world that was more just. Maybe idealistic to border on utopianism, but the stories were not about the future in outer space; they were about the present, us, and the state we find ourselves now. Thank you again.
Enlightening .... worth every minute of an older person's valuable time....
That Yanis is smart I sit here struggling to learn and can barely put the pieces together I hang in there and do a lot of rewinding yet I always listen to him when I find him having his chats
If you are interested in this sort of stuff, we can talk more...
There's an audio book here on RUclips of the book he wrote on economics "Talking to my daughter about the economy". Really good and simple
beside beeing smart and deeply analytical,
at 52,00-55,20 , He DIDNT SAID A WORD for the 7th and 4th generation bankers, rothchilds, rockfelers, (correspondingly), ... and others,
and that reveals him as a stooge of them, that was groomed by them,
to replace the current puppets, supposed - leaders of the nations of europe, with the new breed of
lapdog like governors.........
He just talked about vague financial technical creachers that obliged their owners to work and work and beeing ....unhappy !!
That kind of BS he is talked about .......
True philosopher. Great talk, I am happy for this recommendation.
Glad you enjoyed it!
As you wrote it...philosopher. Just theory and nothing more. Totally incompetent. We Greeks, we experienced the implementation of his economic policy in 2015. After six months the banks closed and Greece was one step away from being kicked out from the Eurozone and from the EU. 👎
@@FreeMind...
It was not varoufakis fault. They wanted him to fail
@@zhaw4821 Of course it wasn't his fault. In Greece politicians are never responsible and accountable for their actions. 😂
They wanted hin to fail. Who are "they"? The freemasons, the illuminati, George Soros...who? Be specific, don't write in vague manner.
@@FreeMind... You blame him for standing up for the víctims i doubt your a banker so id have to Say your just ignorant .
Indeed Yanis is right! The real stuff of life is to improve yourself, HUMANISM! Find out our limits our deep humanity and feel that we are all part of 1 universe unified.
Coherent and Genuine analysis of the structural trap of this modern economic dystopia.
money is also like water, necessary but only works when its correctly distributed, too much is harmful like a flood, too little the same like a drought so the main thing is correct even distribution
feel free to join the russia and china new world order, comrade
Not without reason it's called... currency...
Beautifully said at the end there. Couldn't even imagine a world where people lived side by side with no money ruling any of them, just the betterment of the them and the other. Hope is good.
It's concerning to see a growing sense of unease, of disenfranchisement, particularly amongst younger people developing across the world,
mostly in 'the West. There are obvious indicators but perhaps the core issue exists at an existential level. Perhaps Yanis recognises this.
Dude I grew up with Margaret Thatcher... I'm 42. Not exactly a child.
I'm writing this around 10 am Monday 11/20/23. I don't know if Yanis Varoufakis reads these posts, but if he does I'd like him to address this matter: We all know that the very existence of finance -- lending money for interest -- requires ever expanding the money supply, therefore ever expanding the economy. But the WORLD cannot ex- pand, so this affair cannot go on w/out ending--obviously. Yet no economist has addressed this. Varoufakis is the smartest of the lot. Speak to this, please!
@kenneth...... All FIAT CURRENCIES & Debit Based Monetary Systems have always eventually collapsed, throughout history, this one is very close! 💯
Great interview! As we make money a more sophisticated instrument the more complex problems it creates… thank you.
A very necessary lecture, thank you Yanis for you knowledge; and thank you Shane for your hosting; keep doing what you are doing keeping us informed.
Yanis is a briliant man, but unwilling to draw real conclusions. Of course governments should take control of the banks, of course they should stop creating debt and start writing it off, of course capital should be redistributed toward the masses - but none of these things will be done. Therefore the question I would like to hear someone answer is what can we do to avoid anarchy, war, civil war, revolution and bodies hanging from lamp posts? Because that seems to be the default trajectory.
@kubh...... Hard/True Value Money, NOT - "FIAT CURRENCIES", but I don't pretend that will be easy, unfortunately!
@@La-vc6nt True value is created by honest creative labour, and in their ability to do that all men are equal. They will die before they allow it. This is the problem with Yanis (as it was with Corbyn), he thinks we just politely vote for reform and the rich just meekly hand it over.
@@kubhlaikhan2015 💯 Agree totally, it won't be easy & the Criminal Elite won't just give it up, easily. As you said originally sadly probably means anarchy & civil war. One advantage we do have is there are many more of us than 1/2% controlling it all, but unless there is revolt they have armies & police forces, under their control. It won't be easy, unfortunately 💯
I wish this man is the prime minister of my country. He should able to handle these big powers as they are playing their geopolitical games.
Excellent! The deceptively simple questions elicited fascinating answers - direct and beautifully illustrated. Funny too: “the European Union? I wish we had one…. How did the South Koreans manage to save their banks and get rid of their bankers? Those are powerful men! Answer from the president - ‘Easy. We called in the Marines!’” Noted!
Excellent so forth right so honest so much integrity this world need more men like him he has my respect
This is wonderful. Thank you for posting this.
You are very welcome :)
Brilliant interview!!
Thank you for having Yanis on!!
Splendid selection for a guest. One may not entirely agree with Mr. Varoufakis. He is however undoubtedly interesting and well versed in economics.👍
My first taste of Greek intellect.
Phenomenal speaker.
Yanis, I got so happy to know that you live with such quality! Blessings.
Loved this!!!❤
There is a new paradox I wish Yanis could discuss. Renewable energy solutions with seaweed batteries and new nano materials graphene can reinstall indigenous culture. Village prosperity
Solar, sea water hydrogen. 20000 people colonize coastal desert territory with just $10000 could kick start this new economy. How humanity needs to move for climate emergency this great new frontier. Lithium from the seawater, sulfur from composted fish waste, carrageenan from seaweed makes lithium sulfur battery. A new micro grid circular economy. One village at a time bridges humanity
Love the first question and answer, wow... I'll have to come back to this and listen to the rest later but for now, that's perfect.
Thanks Mark! Welcome.
Great podcast! Yanis is a gem. I would expand on the "Debt is a claim on future wealth " point by exploring what underpins all human wealth which is I suggest extraction of resources from the earth. Ultimately debt is a claim on future extraction. On a planet with finite resources, infinite debts can not be repaid by the earth system. When the earth system fails there will be no rolling it over. Any economic system which does not recognize its dependency on the eco-system that provides all the outputs and absorbs all it's waste is doomed to fail. Failure to live sustainably on your home planet is I suspect the true Great Filter.
cow on grass field creates a non zero sum game
you fertilise soil, you produce better milk and meat with time, then you can use fertile soil for farming if you must producing high quality feed for animals
the same as river that brings minerals with water and dirt
actual model is to eat up all grass not letting it regenerate and push roots deeper, modify cow genetically to feed it equally modified unnatural feed producing with a few minerals on completely sterile land, and push chemical crap from factories to the river murdering fishes and sending toxic crap to fields
human stated this madness with modification of plants that are inherently uneatable for humans
this revolution competed with next one of inventing herding
until today you can classify all human myths into three groups - original African stories including the lion man people from deep or born in a tree plus bad snake, next stories about flood and serpents, gods of water, and lastly myths of Eurasian steppe herders where cow in the main topic or stag eagle sometimes, each compounded on the earlier ones.
herders were winning when graineaters got sick and got decimated by plagues because of deficient diet
but we're losing when overcrowded cities organised and sent big dense armies often on ships
it's always city vs desert, shore vs interior, meat vs grain and both affected by climatic cycles
Didnt easter island population do the same , eat and use the whole island and resort to canibalism at the end since where is the food for the population now . Men cant help themselves and women are thier support team , kids growing up to young adults try new things but it wont matter in the long run. Same now , computers ( ai ) wont help -they just enhance what some already have until they might take over with programmed with the same "code" as those who created the catastrofic situation and i guess a lesser program will be deleted (us) . Thats male men for you- I dont see a functioning brain in most men.
It is very understandable that somebody who governed an over indepted country advocates for debt withdrawal. This is called facilism. But if you check the greek case, austerity was very virtuous, since today Greece ceased to produce additional debt while its economy keeps growing and greeks gaining wealth while other countries that didnt go thru those reforms, like France, are sinking into debt.
Great interview. Politically I’m right wing but always appreciated Varoufakis - he’s an intelligent man with fair perspectives and clear communication. Very good!
It's not too late to come over to the light side. Right wing economics has simply been a failure for the US and UK, where you have the most right wing economics. Social democracies of Northern and western Europe are simply superior societies based on nearly all obvectivr measures like life expectancy, violence, etc.
cant we be beoth?
I just love this man’s philosophy and ideas ,his mind sees a bigger picture than mine ..
I am lucky not to be an economist. So I can think about economics with great freedom by piecing together seemingly unconnected fragments of historical events. In their book, the great explorers of the jungles of central Brazil refer to the humanitarian nature of the indigenous economy:
“… moitará is an important practice in the Xingu culture. It's a whole trade based on exchange. And the value of the objects negotiated is calculated by the time spent working on each one. Each tribe has its specialization in a certain activity.” ( THE MARCH TO THE WEST, Orlando Villas Bôas and Cláudio Villas Bôas, Companhia das Letras, 2012, p. 332)
A little further on, after detailing what each tribe manufactured and traded in the moitará, the Villas Bôas recount an impressive example of “solidarity economy” and civilization. The example is so good, beautiful and fair, that it should serve as an example for us, who call ourselves civilized and who, however, practice increasingly irrational and destructive varieties of a capitalism described by the left as “savage” (although the expression “savage capitalism” is a contradiction in terms if we take into account the example of a “solidarity economy” and highly civilized given by savages). The Villas Boas report that:
“Yesterday we witnessed a symbolic exchange between two villages - Kamaiurá and Trumai.
The trumai were in a serious feeding crisis. In their fields, still young, there wasn't a single cassava root.
In the exchange-trade, the two groups were placed in front of each other, and between them there was a small plot of one to two square meters, previously swept away.
Chief Trumai, on that occasion, explained to those present the situation in his village with regard to food. Having said that, he placed a small ball of pequi dough (the size of a grain of corn) in the center of the small yard, and asked for cassava dough in exchange. Tamacu, the Kamaiurá chief, incontinently picked it up, took a minuscule particle from it and put it in his mouth, offering it afterwards to those of his village. Several heads of house came forward and imitated the cacique. Moments later, the wives of those who had tasted the pequi placed huge baskets of dry cassava bread in the same place. A few hundred pounds.
Without waiting, we witnessed a beautiful demonstration of solidarity, and it is also necessary to take into account that these Indians were bitter enemies for years.” (A MARCHA PARA OESTE, Orlando Villas Bôas and Cláudio Villas Bôas, Companhia das Letras, 2012, p. 333/334).
I cited this episode in detail because it makes us think. Little of this indigenous civility and solidarity characterized the first Workers' Party governments in Brazil. Under the command of the Lula/Dilma governments, the Brazilian State tried to recreate and modernize experiences such as those reported by the Villas Bôas brothers with the Bolsa Família (income for those who do not have) and Prouni (public university education for those who do not) programs. The two programs suffered intense opposition from some sectors that consider themselves “more civilized” in Brazilian society. The result of the reaction of the owners of the big money was a coup d'état in 2016 and the pandemic genocide commanded by Bolsonaro.
Now I jump back in time and mention two episodes that I consider relevant.
“Most of the coins lost their value. Doctor Heinrich Roos would recall seeing a soldier from Württemberg sitting by the roadside outside Orsha with a silver bar in his lap, begging someone to exchange it for any scraps of food. No one, however, was prepared to give up rations that could save their lives in exchange for a silver bar that would only have value when they returned home. The only reaction he managed to elicit from the men who shuffled past him was a torrent of cruel jokes. Even women’s last resort - prostitution - had become worthless under the circumstances.” (1812 - Napoleon's fatal march towards Moscow, Adam Zamoyski, Editora Record, Rio de Janeiro-São Paulo, 2013, p. 433)
“Colonel Seruzier of the light artillery of the 2nd Montbrun Cavalry Division was luckier than most. He was captured by Cossacks just as he was about to cross the Niemen back. He was wounded, as well as stripped and robbed, and forced to march barefoot through the snow in bitter cold. He complained about the treatment he was receiving when he was brought before Platov, but received a dismissive rebuke. Fortunately for Seruzier, Platov's son took pity on him, and, after bandaging his wounds, gave him some rags to wear. It would have made little difference when he was dispatched under the charge of Cossack guards had it not been for a stroke of extraordinary good fortune that presented itself to him when he encountered a Russian colonel whom he had imprisoned at Austerlitz seven years before and whom he had treated with courtesy. The colonel gave him clothes and money, and personally recommended him, with threats, to the commander of the convoy.” (1812 - Napoleon's fatal march towards Moscow, Adam Zamoyski, Editora Record, Rio de Janeiro-São Paulo, 2013, p. 513)
Everything the French plundered in Smolensk and Moscow had to be abandoned on the way back. Not even the carts with the treasure plundered by Napoleon reached France. Gold and silver objects ceased to be valuable, as the only things that really had value were the tattered clothes, improvised warm clothes and extremely scarce food. The compassion of an enemy treated kindly in the past, on the other hand, has turned into an extremely valuable currency.
What unites the experience of the Brazilian Indians reported by Villas Boas brothers and the significant episode of the painful withdrawal of Napoleon's troops from Russia narrated by Adam Zamoyski is the marginal uselessness of money (and things normally considered valuable) in crisis situations. Yanis Varoufakis compared money to light to say that it has a dual nature. The immense value that the compassion of one human being for another in a situation of extreme need can have is a kind of Event Horizon in a Black Hole from which not even light can escape.
I guess the value of money collapses if it can't lubricate transactions (if there are no transactions to be had in crisis). The brazilian example interests me as a window into another way of doing things. Having grown up in our current system, it's easy to lose imagination for different possibilities of organizing our monetary systems.
Fantastic read thank you so much! You have read 'the dawn everything' by Graeber and Wengrow? If not, get it!
Is the black hole a fixed asset? 🤔
@@DJWESG1 No. Far from it. The Black Hole in this case is the negation of the intrinsic value of greed as a structuring element of an economic system.
I own nothing! I really do not care about money I just proudly wear a mask to protect pregnant ukrainian men from global warming 😊
"Promises have been made that can't be kept"
Poignant.
My definition of Money is that its Human Potential Energy (so can be stored). When you Spend the money its converted to Human Kinetic Energy (people exert energy as a consequence of the Money being converted from Potential to Kinetic).
I love this.
The question of who rules the world is undeniably linked to those who control the flow of money. Unfortunately, in many cases, it is a small, select group of powerful individuals, corporations, and financial institutions that hold disproportionate influence over global economic systems. These elites are often able to shape policies, influence governments, and secure their own interests at the expense of the majority. The concentration of wealth and power among a few individuals or organizations creates an unjust system where the needs and rights of the many are subordinated to the desires of the few.
From a rights-based and justice perspective, this unequal distribution of wealth and power is a fundamental injustice. True justice requires that wealth and resources be distributed in a way that promotes equality, access to opportunity, and human dignity for all people, not just those at the top. Economic systems should be designed to serve the common good, ensuring that everyone has access to basic needs such as healthcare, education, and a decent standard of living.
The rights to fair wages, economic participation, and a life free from exploitation are fundamental to a just society. When a small group controls the wealth, they often impose systems that prioritize profit over people, perpetuating inequality and undermining the rights of individuals. In such a system, the majority may work hard, but they are left with little to show for it, while the few continue to amass wealth through mechanisms that often exploit both workers and the environment.
For true justice, we must challenge the systems that allow money and power to be concentrated in the hands of a few. Economic policies must prioritize fairness, sustainability, and the protection of human rights. Everyone should have the opportunity to thrive, not just those who are fortunate enough to be born into privilege or power. Only by reimagining the way money is used and distributed can we hope to build a world where justice is a reality for all.
Poly Ourea,,, Yanis is a clever man!!!!! 🤝🤝👍👍👍
Varoufakis is one of these people that I agree in 90% of the stuff he says, my disagreements are not that strong in the rest 10%, he is a Marxist/socialist and I am a believer in free markets. Not sure how this happens. In any case, I always enjoy listening to him because he sees things from a different perspective than me, for just about everything - and that's refreshing.
@ctsi...... We need True/Sound Money & NOT - FIAT Currencies & Debt Based Monetary Systems & TRUE!! Capitalism, Not Marxism
Informative discussion. I improved myself watching it.
Love Sir. Yanis Varoufakis. He captures his listeners and expands their understandings’.
🙏❤️🙏
Thank you both for sharing this intresting conversation.
Our pleasure Robert.
Money is social relations of any kind, but mostly represents exploitative relations. Thanks Yanis for the poetic representation of money, yet realistic.
Excellent Yanis. Tells it straight.
Thank you , Mr.Yanis! You’re the best financial mind, that We come across!🇬🇷
Money is a legal system for dividing up, storing and exchanging access to wealth. It is not wealth. Wealth is people making the goods and delivering the services that we need and want.
It is a by definition anti wealth, because it needs to be swapped to create wealth. The illusion is that we confuse it with wealth. Raffle tickets vs The prize
Explaining the nature of our current financial situation globally in one paragraph isn't going to cut it.
Very true. It is the vehicle to assets which is wealth
@@williamjmccartan8879 The only point that I am trying to make is that money is not wealth.
The people that want to tell you that money is wealth are those who either have a lot of money or make their living by manipulating money - banks, hedge funds, venture capitalists et cetera.
They want us to believe that the money system is like the law of gravity whereas it is a purely man-made legal system that can be changed to suit our needs.
The money system is like a Frankenstein’s monster which we have created and has now taken over us.
We have the obscene situation of people dying in poverty in a world of huge over productive capacity because we cannot put willing hands to much needed work - without money.
@@kennethmarshall306 fair enough Kenneth
Thank you, Yanis Varoufakis . I always enjoy those who have dialogs with you.
Yes, when the banks fell in 2008, that was socialism for the elites(bankers) and capitalism for the poor.
How about that pen, Adam Smith, was writing about and how it was made?
How many people can buy a Cartier pen today?
Why does Tawain have the best tech with TSMG, lithium batteries. Why is there such a problem? The Taiwanese are really intelligent tech people!
Your experience, knowledge, and expertise I appreciate.
What an extraordinary mind you have, and I thank you for your part of waking our world up.
Greed is the power. Greece and Puerto Rico are correct.
Karl Marx, books 1,2,3. It is not taught in most universities, at least not in America.
"A general definition of civilization: a civilized society exhibiting the fine qualities of truth, beauty, adventure, art, peace."
Alfred North Whitehead
I'm shocked to learn that someone rules the world! What fantastic news. I never would have quessed it based on what I've seen of the world.
Spot on.
52,00-55,20 , He DIDNT SAID A WORD for the 7th and 4th generation bankers, rothchilds, rockfelers, (correspondingly), ... and others,
and that reveals him as a stooge of them, that was groomed by them,
to replace the current puppets, supposed - leaders of the nations of europe, with the new breed of
lapdog like governors.........
He just talked about vague financial technical creachers that obliged their owners to work and work and beeing ....unhappy !!
That kind of BS he is talked about .......
lovely superb interview. i never knew about this channel. but i got hooked on the first interview . very good content sir.
Thanks for the kind words. You are very welcome.