The New Cold War & What's After Capitalism | Yanis Varoufakis National Press Club Address
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- Опубликовано: 12 мар 2024
- Yanis Varoufakis, Academic Economist, Parliamentarian, Political Leader and Greece’s former Finance Minister, addressed the National Press Club of Australia on 13 March, 2024.
"Europe and Australia are facing a common existential threat: a creeping irrelevance caused, on the one hand, by our failure properly to invest and, on the other hand, by our ill-considered slide from a strategic dependence on the United States to a non-strategic, self-defeating servility to Washington’s policy agenda."
An academic economist who served as Greece’s Finance Minister in 2015, Varoufakis is the author of best-selling books including Technofeudalism: What Killed Capitalism (Penguin 2023), Another Now (Penguin 2020), Adults in the Room (Penguin 2017), Talking to My Daughter (Penguin 2017), And the Wake Suffer What They Must? (Penguin 2016), The Global Minotaur (Zed Books 2011)
Yanis Varoufakis currently leads MeRA25 in Greece and is co-founder of the pan-European movement DiEM25 and Progressive International.
Yanis Varoufakis is speaking at the National Press Club courtesy of the Australia Institute and its 30-year anniversary celebrations in 2024.
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Yanis is Not only an Economist, but also more important he is a great thinker and great Spirit, a man who longs for freedom and Justice. 👏👏👏👏👍👍👍☀️☀️☀️🙏🙏
I red his book, no doubt he is well educated, well red, multi lingual, didn't shut up and take the money as instructed by Larry Summers, all of it. So why is he on the dead fucking wrong side of climate, riddle me that???
That he is and much more .
@@tomkarnes69 Why is Yanis on the wrong side of climate? He's pro-environmental.
First he said surplus and then deficit and both works in Americas favor. I think the guy is trying to get it both ways and lost. Currently among all industrial nations only USA is growing. I think the reason America is doing good is the dynamics of free capital in response to emerging technology. He was right all that capital is moving to USA is not because it is coerce but due to the fact that capital turnover makes profit
Again I red his book(s), 1945 - 1971 America had a surplus, check. 1971 -present we are in deficit, check. We spent the surplus rebuilding Europe and Japan, once spent, we spent everyone else's surpluses. 100% correct.
I would of loved to also listened to John Pilger and Julian Assange, all in the same room, indeed.
Australia is so lucky to have great people like Yanis Varoufakis.
‘It is with great sadness the family of John Pilger announce he died yesterday 30 December 2023 in London aged 84.
His journalism and documentaries were celebrated around the world, but to his family he was simply the most amazing and loved Dad, Grandad and partner. Rest In Peace.’
JOHN PILGER: Australia, the ultimate betrayer of Julian Assange.
If Australia wants to preserve its sovereignty, it must do the right thing and advocate for Julian Assange's immediate release, declares John Pilger.
“If Wars Can Be Started By Lies, Peace Can Be Started By Truth.”
- Julian Assange
"Free the Truth" - Free Julian Assange.
Love from Greece, Cyprus.🐬⚓🐬🏛🏛🔱
we will certainly miss Mr. Pilger, especially in this increasingly violent world
Australia won't even protect its own citizen, Assange. He's held in the highest regard by journalists all over the world, except those supported by the greatest military industrial media complex in history.
If sent to the US, he will not have the legal right given to Americans. Nor Australians.
I watched Pilger's 'War on Democracy'. I hope Chavez paid him for that propaganda piece.
Julian Assange is a criminal :)
"....would have" not "...would of".
Thank you for sharing. Very powerful words and a man of integrity, I congratulate you sir for your courage.
lol! what courage? yanis is a failed economist who is through and through leftist. while he make some good points, none of them are profound, they are clear and have been for a long time. His solution for australia is stupid, i would like to see the math behind it. he talks about children in gaza, as fake compassion and only out of his political ideology. i have never heard him talk about other war ravaged places where child victims are 10x worst ion condition and numbers.
i think it's a wonderful thing when someone as well educated as yanis has the courage to say what he says - think about it, his academic work with his books + all of the history and statistics he refers to... this information is of such a high quality, australia especially needs this atm, most of our media is abysmal with using high quality sources to communicate anything, meanwhile here's yanis referencing literal centuries of information and research and sources and statistics... I really hope we listen to him, and anyone else like him who is able to communicate purely empiric data like this... I really feel lucky to be able to learn from him, I hope everyone is listening
We all have to learn and follow his recommendations
lol! what courage? yanis is a failed economist who is through and through leftist. while he make some good points, none of them are profound, they are clear and have been for a long time. His solution for australia is stupid, i would like to see the math behind it. he talks about children in gaza, as fake compassion and only out of his political ideology. i have never heard him talk about other war ravaged places where child victims are 10x worst ion condition and numbers.
He warned us about the failure of EU and the dangerous of following the US.
Every countries should only focus on their own country and people.
Sadly that's no longer possible.
thanks hypebeaststreet6308, focusing on only yourself is obviously the best way to build a community :)
The only ones that die not warm about the EU were those in power
They try to frame the 21st century as Left vs. Right or Democracy vs. Authoritarianism, but the real battle will be Nationalism vs. Globalism. The globalists have already painted themselves as the good guys too.
He should have warned us about his own failure and the damage he did to Greece and its people.
Yanis Varoufakis you are a hero for speaking the truth.
He’s a complete one eyed propagandist. And a bore.
@@OtherSideAus reading your comment….time I’ll never get back.
Dimwittedness runs in your family, doesn’t it?
Assange is the hero, but Australia did nothing for him.
@@ferideneziri8831 correct
@@ferideneziri8831 well he wouldn't BE in trouble if he wasn't formed by the Australian context! Ideas like we're not up for externalised ownership after empire.
Always find his insight and experience of great value. His comments and knowledge make our economic and political ' leaders' look timid.
Timid.....more like mental lightweights
Keep in mind that he was the failed finance minister of a failed state
@@salomonquijada7144 so what....some the best people are often persecuted during their life time, like Nelson Mandela or Jesus Christ, whom the world remembers, but not the predators.
You cannot imagine the dirty war that Greek oligarchs with their media and shipowners accused of drug trafficking wage against Yanis
I probably can. I’m surprised that Westpac actually sponsored this event and the Rupert Murdoch media showed up, though probably for the take-down smear pieces.
when someone like John he can't not survive in Greece be cause their is 200 oligarchs plus 160 around politicians which they run Greece like private property so when they see someone like Varoufakis they eliminate him they have many ways of doing that in another word run's like Cosa the nostra mafia style if you not with them you have no change to succeed unfortunately this is the reality of Greece
Dear Yanis Varoufakis You are the Super Star of the Economy .And as long people like you exist and act so ,there is hope and ways to change to the better.God bless you and your life dear!
Do you want to know what ΕΝΦΙΑ stands for ???
Well, it's feudal rent to Dear Yanis' cronies. ενταξει ;;;;
Apparently, not many europeans listen to him. His party has minor political impact.
you said it, __His party__ that's one more branch of the same elite class that inherently ''know'' what is best for you and thereof define who you should be and what aspire for. @@Wilson24678
@@Wilson24678 yes and to Jesus as well
@@Wilson24678 You can be right and at the same time not have a major political impact. One doesn't exclude the other.
If voters, in the western world, knew and voted towards their interest the world wouldn't be on a highway to WW3.
Keep him in Australia. We need him
his daughter is in Australia
Can we have him in the UK please? We need him more 😂😂
@@chrisc2412 ,,
You don't need him ,
You don't like him ,
You will not accept him ,
Please keep this communist there!
Yeah keep him there, we dont want him back!
Yanis what a great speaker!!
Yanis' take on Israel is SPOT on! It's refreshing to hear world-renowned individuals speaking about the truth regarding Israel's GAZA devastation without fear of being labeled antisemitic, the now-overused word that lost its etymological importance because of Israel's irresponsible use!
He is fearless.
he is a jew himself
@@nextinstitute7824 What does he have to fear?
Thank you for sharing this video. Mr. Varoufakis is brilliant man and many of his ideas are very interesting. It is a pity no polititian would ever come close to enacting any of them.
Our politicians, wearing their most-favored U.S. blinkers, live in their own self-denial bubble of delusion as they would respond in typical politician-speak, "that's Yanis's opinion", implying that it has no political substance nor weight here in Australia.
Judging from the depth and quality of the questions asked, there arent too many journalists in the main stream media who has the intelligence or mental alertness like those I saw and met in the 1990's. In fact it would not be impolite or incorrect for me to label them as mental lightweights. Some were even so low in self awareness to ask questions or attempt takedowns at the super heavyweight standing at the altar.
What a shame that some even digressed to his lunch, swimming pools and the pride of those Greeks living in Australia, as if he has been living in some dark caves somewhere on Aegean island.
48:43 Like this 😐
Journalists working in the mainstream have a low bar to work from...independant journalists have exposed them for the frauds they are.
@@NathanCroucher lol
That’s the whole point of mainstream journalism
Paul Keating demonstrated how Australian journalists are bereft of any intellectual qualities when he told them that he "reads" implying that they don't and seeing how many mainstream journalists and reporters ask questions that appear to be formulated by 5-year olds, I cringe every time they interview people of substance.
its wonderful that Australian institute gave Yanis a platform to put forth his ideas. Such ideas are suppressed in many parts of the world
If Australians stop being irreverent, we might as well cease being a nation or become a nation without a spine, or a soul
look at all those sphincters tightening when he started talking about CGT, Negative gearing and social housing for the youth. 🤣
Yes. I think I did hear a collective 'squeak.'
Ah ha ha 👏 well said.
?......do you have a special telescope?
@@attilajuhasz2526 _"Yes. I think I did hear a collective 'squeak.'"_
Sounded more like a 'squelch' to me 😂
Back to the Future : Kruschev and Kennedy believed in mutual existence and disarming.
It's time again. Push back against the Military Industrial Global Intelligence anti democratic mafia.
The same revolutionary feeling i had watching talks by Noam Chomsky, i find with Yanis. This was a marvelous conversation.
Yup they've figured it out but alas nothing changes. Why?
Re these suggestions @ 25:00 why hasn't it been done before?
@@briaf3370 Because most of the population is hooked on Big Tech's products. And it isn't like most people are getting this recommended in their RUclips algorithm.
very powerful and convincing speech!!
Green Deal my ass
That was a fantastic talk from start to finish, thank you.
I love me some Yanis. It does not matter what and where he is speaking. I am listening and learning from this man.
And he's a Trekkie 😊
Why are the troops/warships, etc...of US/West (who are more than 8000 miles away) in IndoChina at rhe doorstep of China and East Asia ???? Do China or other neighbouring countries not have the right to defend themselves????
Agree! China has every right and need to defend itself from hegemonic bully US!
according to these westerners, no. Even people like Yanis still advocate of "freeing" chinese against their government like as if the Chinese needs their help. The concept of sovereignty in the view of westerners are only applied to western countries or countries that adopt western systems and is closely aligned or the west. They are still lecturing others even when their own country is going bankrupt....e.g. Yanis. They can be clear minded about their own problems, but they are still blind when it comes to other non western countries.
Exactly, small countries close to China aren't all happy with China policy and fishing in their territorial waters by the Chinese, so they prefer allying with the West and want protection
@@RomanGolubev_A the day the "west" and "protection" have the same sense of trustworthiness, would be the day my father, a vietnam vet, turns over in his grave. He fought and died by a western manufactured war, a war based on lies, just like every wars waged nowaday in Yugoslavia, Afghanistan, Iraq, Syria, etc. All asia would rather go with China than lived by the western lies, aggressions, and wars. Asia will be far more stable and peaceful if the west, particularly UAssA, gtfo of Asia.
@@chuekaothao6329 Lol. Fake Vietnamese spotted.
Straightforward analysis, wasted on the press.
A truly inspiring human being. Thanks for sharing @australiainstitute.
Cloud capital should be termed "Clapital" and you all know it.
Such an amazing speech. So much knowledge.
I've never felt prouder to be a fellow alumnus of the University of Essex, though I was there quite a few years after him.
Spellbound by Yanis Varoufakus's visionary insight. Thank you for an interesting perspective of finance and economics.
Corporates need to offer more progressive and flexible work places and homes need to be affordable and for the masses. If Australia doesn't do something about this soon, we're going to need to make MPs scared. Very scared. Until they fix it.
The communism proposed in this video ain't gonna do it
Good luck with that.
What an outspoken person (on Israel). Bravo!
Thanks for this video & thanks to Yanis for speaking the truth about Australia, blindly following the US. Since the Labor government of Hawke & Keating, which ended in 1996, successive Australian governments had become US puppets/lapdogs.
As an Australian I’m ashamed of this. We are a sovereign nation. We make our own decision & decide our further. We should not be doing things to please the US.
What has our government done to bring Julian Assange back to Australia??? Done nothing!! Penny Wong ought to be ashamed of herself. We should use the threat of closing the US military bases in Australia, as leverage for the release of Julian Assange.
Paul Keating was right in criticising the government for committing $360 billion on submarine. This amount of money could be used to improve infrastructure, building homes for the low income earners etc
We must not be fooled by the US, to go to war against China, regarding Taiwan. This little island is a province of China for centuries. We must keep out of China’s internal affairs. We don’t want to be fighting a proxy war against China on behalf of the US. Look at what the US has done to Ukraine!!
Once again, I want to stress that Australia is a sovereign nation. We decide our future- not influenced or dictated to by the US!!
F… the US, it’s the most evil & warmongering nation on earth.
We must, as true Australians, NOT simply accept "Americanisms" into our society and culture. "Americanisms" like - using their mangled spellings of the English language ("aluminum" instead of aluminium, "gas' instead of petrol, "colors" instead of colours, etc, their "Yankee drawl" in pronunciations (which some of our TV talking heads are disgustingly trying to imitate these days) ), Halloween and Thanksgiving celebrations - which has nothing to do with our history and cultural traditions and so on.
The virtual worshipping of the U.S. by some of our politicians borders on treachery against this country that they are suppose to serve. Our young should be brought up to be PROUD Australians - not influenced to be starry-eyed over the United States which many of our youths (pre-teens) tend to have when American movie stars appear on our shores. Sure, they can be respected for the work they do but to have our television reporters virtually fall on their knees and prostrate before them is sickening to see. Those Hollywooders are just movie actors, human beings from another country, for goodness's sakes! I'd rather pay more homage to our own stars like Nicole Kidman, Huge Jackman, Margot Robbie, and many other fine Aussie actors here and overseas.
Our modern Australian history (since the first landing) is short - less than 300 years - and is not as chaotic and violent as the United States. However, it is still full of events in which stories can be created to make movies out of that are interestingly imaginative - if only we have story writers with the imagination to do so. For instance, why couldn't something more be made of the times around "The Eureka Stockade", of the families living and working in that period? Or of the many attempts in rebellion by the Native Australians? Or the racial riots against the Chinese miners who came in the 1800s (the U.S. made a TV series of a wandering half-Chinese shaolin monk based upon their gold rush period and called it, "Kung Fu" - out of virtually nothing but using the period as a back drop to some imaginative writing). Are our own writers so empty of any imagination of their own? Are we still stuck in our own "cultural cringe", ashamed of being true blue Aussies? Are outback Queensland or the opal mines in West Australia or the wetlands in the north so empty that stories cannot be crafted from them?
Unless we swing back into our ourselves, we stand to lose all that we have as Australians and will indeed as some have said, become the 51st state of the U.S. as we lose our own identities and we may as well surrender our much vaunted claims to "sovereignty" that our pollies love to banter about but only when using it against other countries that are NOT the U.S. - which gets a free pass from our sycophantic weak-kneed political leaders from both camps.
Note too, what actually happened to the Whitlam Government that went AGAINST the U.S. and was the first to recognize China and went to meet with Mao and Chou En-lai BEFORE Nixon. The U.S. cannot bear to see it being usurped by a minnow in Oceania and there are lots of proof of the existence of "the Blackhand" of the U.S. CIA that plotted with the Liberals to replace the Whitlam Labor Government.
Every time when there is an Australian government that shows any sign of moving away from the hegemonic controls of the U.S., you'll find it being removed pretty quickly and one has to ask the question, was there some conspiracy involving the U.S. in this? It just appears to be too coincidental - and when you have any Australian government - even the Labor Party - that shows obeyance to Uncle Sam, they mysteriously stay in power for extraordinarily long terms. Weird, isn't it?
I beg to differ your part of the commonwealth. And like it or not partially by 23 per cent owned by the UK.
Thank you for speaking out so clearly about our country, my thought was for years….America calls jump and we echo back …how high, what’s wrong with Australiens!
@@NadiaSawicki-lt1uf Easily changed
A man like no other!! I love him
Yanis is trying to convene is a nice way, US says jump Australia say how high.
Not just Australia, many other countries. Norway included.
whole so called global west. our leaders are lapdogs to US
@@sakariaskoivisto1471 Of course - when the "Big Mafioso Godfather" appears with his entourage of machine gun carrying "capos", what do you expect of those that he is demanding "protection money" from expected to react?
Lol..basically stating Australia as a sufficatingly insular conservative little white Anglo outpost tied by umbilical to 'Mummy England' and 'Big Daddy USA' hasn't made a indepedant in 200 years.. Why start now.. Lol
My friends dont buy this narrative. They buy into the narrative that NATO Is a peacemaking process, with intentions of keeping and maintaining peace. Putins invasion of Ukraine doesnt help here. Many more people bought into this narrative of NATO as a peaceprocess after Russias invasion. I suppose you could argue that some of the underlying reasons for the russian invasion has to do with western geopolitics in general. @@user-sf1nq9uj7p
Yanis was in Canberra and I’m only just finding out about it now? At least we have this speech - thanks NPCA!
The best public speech I have heard since Kennedy's in the 1960s. Bravo Yanis!!!!
Dear Yanis, please create a new party in Australia so the Labor/Liberal monopoly can finally stop…… I’ll be voting for you mate 👍
Bravo freedom to Mr Julian Assange 👍😢
One of the most important speeches given by a new Australian citizen in Australia. It's a message that many thinking Australians want but won't dare to say out loud!
He has delivered amazing insight into world financial systems, I personally loved his ideas. I hope Australia government is listening.
A brilliant speech by the enlightened Yanis. This gives me hope for the future of our children. Albanese, take leadership!
Absolutely brilliant Yanis. Telling it like it is. My respects.
The 'Arsenal of Democracy' produces 40 percent of the world's weapons. It is a very profitable business model in which other countries buy these weapons to fight each other. The key is maximizing profits without shedding US blood by inducing conflicts between and within countries outside the USA. One client is very eager to spend AUD 368 billion to buy a few high-quality used nuclear-powered submarines.
Imagine..what Australia.. can do..with that money...build High speed rail...North ..South water Irrigation Systems....
@@ganboonmeng5370imagine what Australia can sell if the Chinese command the market
This was so interesting. Imagine sitting next to Yanis on a long haul flight and having this chat with him 🎉
I love listening to someone who thinks about the global economies like an engineer - what happens is the result of a machine - undersihow the machine works allows seeing what doesnt work, unintended consequence, and potential improvements. Global economics does not exist "by itself" - it needs to be understood in the context of its use. He does a great job of clarifying
That was brilliant
Learned more about economy and finance from this talk than 4 years in school
Brilliant contribution! I fully agree with his prognosis and remedies!
This brother is a gift from Christ, what a blessing to have him in this tough time.
Yanis Varoufakis is an excellent speaker. I could listen to him for hours. How disgraceful is it that it’s legal for a massively successful company like Amazon to pay zero tax?
Is there anyone that can somehow convince Yanis to take over the Labor party and become pm?
The Labor Party is rotten. He isn’t god
For my views , very briefly , I feel that a highlight that would bring me one of the brightest memorable meaningful highlights that I could witness in my lifetime would be for you to have a conversation with Martin North on his independent broadcasting programmes /channels at Walk The World , IOTP , DFA , which I truly believe would result in one of the most viewed programmes in the current affairs of problems facing ALL Australians . With the greatest of respect and admiration , from Robert of Australia 🇦🇺.
I'm from PNG and I agree 💯 percent
Australia has this dependency complex. It trusts US but forgets that nations pursue their own interests. US corporations are motivated by profit, not by Australia's interests.
Like UK, Australia has to suck up to the big bully and have a stool at the table for the crumbs of relevance. No more than a pug lap dog showing its bum hole and bollocks, i.e. the Yanks see everything that you have to offer and laugh at it, with a pretense that they need you. US in reality needs nobody, only uses UK,Aus etc... as a moral figleaf. 😢
"except Westpac" 🤣🤣🤣❤
Thanks Yanis it's always good to hear from you.
Yanis is so spot on. a great thinker. so many great ideas for a far better world.
10:40 Such an alarming point
Magnificent 7 (Mag7) = Microsoft, Facebook, Apple, Amazon, NVidia, Tesla and Google
Well said and thank you
Yanis! Loved the way you break it down. What an Econ and a Great Thinker!
Probably thanks to Rogan’s podcasts I’ve been listening to Yanis for about 9 years. He’s never egotistical and has a brain the size of a planet.
Appreciate a lot of Yanis’ perspective, but my one question to him would be around how he thinks about dealing with kleptocracy and financial secrecy as part of his green new deal proposals?
It is not clear to me how prof. Varoufakis and Australia will buy the solar panels to start with producing solar energy if not from china, and will that fly with the Australian public and the US overlords?
My admiration to a great honest person and thinker!!!
Thank you for this intelligent and sensible speech.
Just Love Yanis …Yanis for world president💪🏽🍉
Listen to the man, he speaks the truth!
My utmost respect to Yanis! So good to see this content. The other perspective that the mainstream media doesnt share with the citizens. Well done!
I just hope that our Federal government will listen to this presentation!
what a great man
Incorrect
As an experimental medicine, anyone taking it should have been given the choice as to if they would be part of a medical trial after being allowed to read all the side effects and paid to take part of the medical trial. As the pharmaceutical companies lied and said the medication was safe and effective and prevented transmission, exception from any legal accountability should be withdrawn and all the proceeds of the sale of the jabs should be used to compensate all families that lost family members and all those that had side effects. In addition, a fee and compensation for illegally tricking those that took the trial medication should be paid to all those that took part in the trial. In addition, a fund should be set up to compensate anyone that has a reaction to the medication in the future.
Very interesting listening to Yanis
Very informative, direct, open, fearless, with a sense of purpose, in these turbulent times we are experiencing, a breath of fresh air, Mr Yanis touched all the subjects that are tormenting the world,
Thank you for all your hard work it brings clarity and peace of mind 😊❤
Yanis is thoroughly brilliant, sharp as well and morally brilliant, courageous leader/thinker. I am so thrilled to be living through these turbulent times where he is a stabling force for humanity and voice of reasoning. 😃😃😊😊
AUSTRALIA SHOULD LISTEN TO THIS MAN
THE ENTIRE GLOBE SHOULD LISTEN TO THIS MAN*
Yanis fantastic speech.
what a great speaker!!
Agree with everything Yanis said, especially about China and Australia relation. It is defying logic that China would invoke any war in South China Sea given its heavy dependence in trade and energy needs. There is nothing that China wants more than maritime safety and good trading relationship with Australia. It is a win-win for both sides, probably more so for the Chinese. Regarding Xi broke his promise of not to militarize the South China Sea. The sequence of events matters. Right after Obama and Xi met and agreed to demilitarize the South China Sea, it is at least viewed by China that the US immediately instigated and supported the Philippines to push the South China Sea islands disputes to the International Court, which was a poke in the eye to the Chinese. The trust was lost. Similarly, after Biden and Xi met in SFO and agreed to stabilize relationship and reduce tension, Biden immediately turned around raising more sanctions against the Chinese tech sector. It is difficult for the Chinese to believe the US would honor its words in this ongoing exchange.
and yet yanis still saying the chinese need the west help to free themselves from the Chinese gov. SO arrogant, so racist, as if the Chinese wants or need their help to live. You cannot take anything seriously when a person thinks 1.4 billion people who are free to leave the country and immigrate anywhere else in the world are oppressed by their gov. If the the definition of oppression is what the chinese gov do to their people then every gov in this world is oppressing their people. Can we live without gov?
Per the records of the US Ambassador to China at the time who was present at the Obama-Xi meeting when Xi made the offer (reciprocal) for both China n US to demilitarise the South China Sea ....it was Obama that did not accept this offer which also necessitated the US to do the same....
Therefore there was no obligation on Xi as it was explicitly not an unilateral , one sided offer. It was subsequently misrepresented as Xi being deceitful when it was the US that took offensive military actions in the South China Sea.
Can anyone tell me, was Breton Woods conceived as a way of genuinely stabilising currency around the world, thereby promoting harmony, or as a means of manipulating currency by the USA with imperialist intentions?
America wanted to replace the position of the British Stirling with USD. It was most definitely a power play to undermine the British empire.
It was done by a group of politicians that has experienced the terrifying effects of '28 (direct result of decades of laissez-faire capitalism). Surely they wanted to stabilize the economy. Also in order to implement socialist measures (Welfare State). No wonder that the father of this system proclaimed himself as a socialist (Keynes).
If the price of a currency is based on a piece of gold, how can one manipulate it? One can perhaps fudge the amount of gold produced but I don't think that was the goal of BW
I think it was a legitimate attempt to stabilise a wrecked world economy. US dominance of the system was pretty much inevitable.
Currency not only backed by gold but mainly oil and perhaps more so by big tech.
Best grow your own food.
Yanis Varoufakis, a leader of human species.......
❤👍 Thanks your support.
How does it happens that a political trends happens at the same time all across the world?
Yanis wants to ban cash? That is a huge red flag.
As is, is reality. Thank you for the enlightenment 🙏🏿♥️
One of my fav European thanks for been on the right side of history
Australia should act on its own interest. In no way, it should join in the big ideological fight between east n west blindly. Today, AU trades more with Asia than America
American, European and Asian conglomerates own and or back most of Aus business that sell to Asia.
Australia is acting in its own interests.
Australia is braver and more critical by having Yanis as a citizen! Hopefully, the world will become safer with Yanis' contribution too.
Australia is lucky to have such an innovative economist in it's orbit...some excellent points made.
Yanis is one of the few principled politicians and thinkers.
The lady on Yanis right hand side has an agenda in her every questions.
Woo hoo. More Yanis 🤩
Refreshing, thank you sir
magneficent viualizatiıon of 21 century Yanis thank you from turkey
I am commencing to listen, following watching some disturbing reports regarding Australian bank branch closures, which is hard hitting on everyday Australians.
If not covered here.
Request, please address.......
What, exactly, does the banking industry provide?
Why are we paying, anything at all, to this unscrupulous bunch of characters?
Human beings form relationships with other human beings .
Not with technology.
Does the banking sector not comprehend?
Fed up with being taken for a ride.
40% of all 4 banks owned by the vamps of Wall Street.
I think you would be satisfied reading Karl and Freddy.
Thank you for speaking out
.....wonderful straight forward reporting. Thank you Canada!
Yanis is a good egg. Excellent speaker and an adult among deficits of consciounce. For future generations smash Capitalism.
Says the peasant
@@nickbaff354 Better to be a peasant with spirit than a king with no soul.
BRILYANT AS ALWAYS. THANK YOU MR. Y. VARUFAKIS. EFCHARISTO POLI.
Super good speech. Respect!
Absolutely amazing man, so insightful, I really hope our leaders are listening, otherwise we are going down a worrying path
You are absolutely right on everything
Green New Deal what BS is this?
With my limited understanding the actions of Chinese leadership is that most of it makes sense and had a clear logic to it if one also consider that they would be the target of ww3. Considering NATO in Asia, US beating wardrums fast every day it makes sadly even more sense, they seem to react for what could come and they will always be wise to prepare and then double down on mitigation. But no one can say that US green barret on Kinmen Islands or warships or soldiers in a Chinese province is not extreme hostility? Why? Because just flip it, if China's PLA was on any US Island or even close to it, it will be war. If the logic inverted is not equal then you know it's bullshit.
Ask people of Hong Kong and Taiwan what they think about Chinese policy on their islands, ask Vietnamese or fishermen how they like Chinese trawlers in their territorial waters. China's growing need for fish-based feed, not just fish for human consumption, is a key driver of overfishing in the East China Sea and the South China Sea, according to the report. “Fishery is one of the reasons China's entangled in disputes with its neighbors in the South China Sea,”
@@RomanGolubev_A Exactly! Ask any neighbours of China, who's feeling safe at all (except Russia)? Even if not bodering like UK, Australia and Europe, the infiltration has spead far and away to all western countries. Haven't people learnt anything from the pandemic and its origin?
@@RomanGolubev_AAustralia was not exactly happy when the Solomon Islands developed close relationship with China. So i call bullshit when you talk what the people of Taiwan and Hongkong think.
@@skydragon23101979 it's not me, read the surveys from the islands. Don't you know how to google?
@@RomanGolubev_A Like I said if Australia had no complains about Solomon Islands having closer ties and maybe building an army base then I got no issue. If not what you say is bullshit because the opinions of the people on the island don’t matter in great power politics.