Yanis Varoufakis and Brian Eno on Money, Power and a Call to Radical Change
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- Опубликовано: 24 ноя 2024
- From the surveillance state to Julian Assange, nuclear power to Obama, Greece's former finance minister Yanis Varoufakis and Grammy Award winning musician Brian Eno had a wide ranging discussion on the Intelligence Squared stage.
This conversation took place in London, on November 4th 2019.
What part of the conversation did you find the most compelling?
@ 52:00 Where he eloquently makes the case that Andrew Yang was trying to make with his presidential candidacy. It's one of the reasons I am voting for Andrew Yang anyway.
the one about germany the greens and nuclear power😊
Drixidamus Yang would be unable to defeat Trump, plus he’s out. If you honestly care about challenging entrenched neoliberal establishment politics consider a vote for Bernie please-both Yanis and Zizek consider his movement a living miracle. Plus Yanis and Sanders started the Progressive International together in a joint effort to stop the rising global wave of nationalist authoritarianism that has emerged from the cess pool of financial (rentier) capitalism. Your support of Yang still makes you a friend in my book, but we need to change the system and a bandaid of welfare over a gushing wound won’t do.
I am going to watch this video - but if I see one single hint of globalist NWO shilling by either of these two gentlemen then it will be switched off so fast you won't see it for disappearing vaporized electrons quantumly disentangling from my computer screen - you have been warned.
The part of Canada where eskimos live: Nunavut.
Eno’s opening remarks are spot on. We credit individuals for work that is done by entire communities.
David Carlyon For the primitive the act of sharing appears to lead to a loss, but for any knowledgeable and intelligent human the act of sharing is the basis for growth. The way society works right now is on par with a body who’s cells are each for itself, holding cancer as their ultimate aim. What we fail to see is that this situation is prejudicing all individuals including those who are in the top 1%.
"You might say that there are exceptions, as a wealthy individual has the best possible of lives under any social surroundings. This is true, granting that it’s a very ignorant individual, having more to do with an animal psyche than human. But if we take the bigger picture, we see that it’s not quite true after all! If people across the last thousand of years had been free, having access to a decent life and education, we would’ve had the computer, virtual reality or medical revolutions (and who knows what else) maybe 100 or 200 years earlier. This is true also for everything else, from making art to garbage disposal. The “blissful” life of any of today’s billionaires would seem a pale and short life, in comparison. And there would be a place and means for everybody because scientists say the laws of physics allow for unbelievable degrees of freedom in devising greater computing power per volume of matter, energy capturing technology, as well as energy efficient and nonpolluting technologies. Just think how much technology has changed in the last century. Another, more accelerated century of technological advance, and we’ll be nowhere close to “extract” the maximum out of the laws of nature! *So, any individual that thinks it has it all, is just like any nobleman from centuries ago that thought the same, without ever suspecting jet-skis, Ferraris, snowboarding, airplanes, internet, Oculus Rift, LSD, painkillers, antibiotics, kidney transplant or MRI machines."*
Economics are driven by John mashes discoveries, gravity by Newton. The strong and weak nuclear force is magnatism, Gravity is the weak force and electro magnatism the strong
Reference Michael Bloomberg at 2/20/20 Democratic debate. Discussed making 60B because he worked hard. Immediately called on the carpet by Bernie Sanders, who wondered if anyone may have helped him accomplish that...like his employees.
David Carlyon I’ve never quite agreed with this sentiment. Why should others get credit for some personal achievement?
Yes of course my life was affected by countless others. My mother drove me to school, the road crews built those roads, etc. Does that mean they have a claim to my success? Were they not doing things they saw as value enough for themselves at the time?
I wonder, when a great composer writes a masterpiece, is it really true the baker that provided his bread is somehow responsible for the great composition? I mean without his meals the composer would starve, right? I can’t get this connection. Why must the baker get credit for something he had nothing to do with?
It’s the same for a business leader or inventor. You bet it took thousands working together to achieve the final product and change the world, the iPhone. But are we really saying this would have occurred without the direction of a Steve Jobs? Are we really to believe that he’s not to accept some acknowledgement that without his individuality Apple wouldn’t be what it is today?
I guess I really struggle to think we shouldn’t celebrate individual ability and achievement but have to strip that away and say no, it’s not what you did but what everyone else allowed you to do, that but for us you’d be nothing. There’s something so ... so .... wrong about this.
Yes Apple was a group effort, but come on without Jobs it wouldn’t have existed. Yes Chicago Bulls were any amazing team but come on without Michael Jordan it wouldn’t have been the team it was. And yes Gordon Ramsay had amazing opportunities and connections leading to his success, but come on do we think just any chef could have created the celebrity chef empire Ramsay did? At some point community be damned, these people deserve unilateral and total recognition for there extraordinary abilities and successes.
@@bcshu2 Agree.The source of creativity is within each and every individual.Whatever way they project themselves ultimately contributes to society as whole.Conscious or unconsciously.
Varoufakis & Eno... what a delight!
Thank you I2 for this discussion.
Thank you for watching! Subscribe to see more of our terrific conversations and debates.
Free julian Assange..
Always...
Done!
Telling the truth about bankers and the City of London!
Michael Hudson, similar point of view about neoliberal economics, mainstream Neoclassical economics jargon, high-tech Feudalism, toll booth economy designed to extract unearned wealth, by increasing total private debt, transfer payments, no longer even about credit creation to create new real wealth (new industry and sales, thereby increasing financial wealth) via ingenuity and Labor, as Karl Marx and Adam Smith saw it.
Even a guy like Zbignew Brzezinski called 2000-2008 a huge TRANSFER of wealth from the middle class & lower classes to the ultra wealthy few.
Michael Hudson called this debt-driven Financial Asset Bubble/Crash period "the biggest transfer of wealth since the Norman Invasion and takeover of England in 1066".
Barraq Ali bankers are wankers 🙂
In my opinion it's men and women's Duty to share their creativity with each other. Creativity is a gift from the Kosmos and needs to be spread on Earth.
Eno is not a metallurgist.
5:14 "If you take iron, 100% iron you have iron, brittle heavy and so on. If you add 4% of carbon you get something called steel , and that is a quite different material" 4% carbon would be quite a brittle cast iron. Steel contains less than 2.1% carbon: some steels much less than that. Steel is made by removing carbon. 100% would have excellent mechanical properties, but is expensive to make.
It is a minor point, but it makes it difficult to take him seriously, if he starts with such a muddled and wrong statement. (Did he mean take pig iron and reduce the amount of carbon in it?)
A marvelous video, a great contribution to my understanding of a world I know so little about. Cheers!
42:00 "Happiness stems from creativity, from doing something creative, something worthy. And if you get some money for that as well, then you're the happiest person on earth. The trouble is that the connection between _getting out of poverty and hard work_ has been broken and the connection between doing something creative and making lots of money has been broken-this is the problem with capitalism."
That was a great framing.
Thanks for transcribing it and posting. The simple act of doing so dovetails into Eno’s opening statement about the old world power of the salon, and how communities in discussion together drive the ideas for a better society, which are then perhaps clarified by one person’s articulated vision. Point is it takes all of us commenting and communing, if you will, about the best way forward.
mmarone333 Always nice to hear from another voice. It can be difficult to see through the avatar here and appreciate a real person on the other end (assuming no bots..) I wonder if we can really ever restructure the economy toward a more salon type of creativity again? It seems that corporations/venture capitalist collectives are the entities vying for that recognition now (and privately/aggressively so).. not necessarily the coffee and cigarette communal dream. Thanks for the comment friend.
"Everything is easy to resolve as like an human experience,
but humans likes to make it always complicated for the ground reason of turning into an individualistic profit." Ivan Klass
52:04 “The only solution I can see to this in order to turn the robots into humanities slaves rather than allowing them to turn most humans into the slaves of the robots and of the owners of the robots-is to have a situation where a percentage of the shares (we can start with 10% of the shares of corporations with more than 500 employees) go to a sovereign wealth fund. I would like it to be a global one and all the dividends accumulate in there and that becomes the fund from which you disperse (a small initially) universal basic dividend, not income.“
That would make billionaires cry 😢
1:23:38 _Assange’s heroism_ “Use big brothers technology to turn it into a digital mirror and turn it towards big brother so the rest of us can see what big brother is doing.”
I agree with both comments.
that is called Sousveillance.
Always refreshing to hear Yanis & Brian share their cognitive interpretations.
Two great minds and generous spirits.
For capitalists, it's easy to take other people's money, then stash it in tax havens.
@Accelerationist I'm not attacking you personally, and of course you're free to offer your thoughts in more detail. Capitalists get huge portions--sometimes the total portion--of their wealth through ownership rather than labour, then stash it in offshore tax havens, so I'm pretty critical of the slogan that taxing them to help pay for programs for people who work for a living is stealing "other people's money." With that said, YV has always focused more on worker democracy than just redistributed wealth. I think that's a fair topic in keeping with the liberal tradition and pretty far removed from Stalinism.
@Accelerationist that can certainly be debated. Back in the age of classical economics for instance, almost all the taxes were levied on the super rich. During the first world war, the top 1% of the US paid 8-% of the taxes. Generally the public is ok with taxes as long as they're progressive and transparent--very high approval ratings in Scandinavian countries for instance, and while Adam Smith was in favour of "easy taxes" he wasn't against taxes whole scale--but there's more than one way to approach them to be sure.
80%*
@Accelerationist That's a bit of a non-sequitur. Most of the top progressive candidates at the present moment are talking about reducing the tax burden on the working class. YV goes the furthest; he would like us to move towards a land tax, Henry George style, which would not just reduce taxes on the working class, but for huge portions remove them altogether.
I am 100% with Varufakis in this interview!!
I am happy that the internet and this form of social media exists, so that we're able to enjoy such a wonderful exposition of ideas and opinions from such accomplished people. My one disappointment was the outmoded understanding regarding nuclear power. High pressure, water cooled, plutonium reactors (what people associate with _nuclear_) are not safe or efficient but in wide use mainly due to political reasons. Options such as molten salt thorium reactors are safe by design and could satisfy the power needs of the planet into the foreseeable future with costs so low an economic revolution would be inevitable. That's a radical change I'd love to hear these two discuss: the social, economic and political impact of basically free, clean, unlimited power worldwide. The mind boggles...
The road to good intentions is paved with hell.
My vision of a hell is having a collective mass incarcerated & walked & stomped on by a few so they live a life of luxury. No choice if hell is life lived because of. Only way is up & onwards.
@@lorrainewest7408 Great that what you said isn't happening then, aye?
Two of my favourite people!
Right... steel production does not need to be privatized and can operate at a loss forever without hurting anything
Robinson Crusoe does recognize the uselessness of money.
Very interesting hearing Yanis mention Citizens Assemblys many times. The last time there was a financial crash, Irish version 2008/12, I joined a small civil society org called the 2nd Republic and one the key successes was our drafting of our document 'Citizens Assembly for Political Reform in Ireland'.
This was shared with the then Irish government in 2012 and while I would not say that it was because of us that the Constitutional Convention came into being from 2013 onwards but we definitely played a small part in guiding the new government at that time to do something.
Repealing the 8th Referendum (female reproductive rights restrictions) and the Equal Marriage Rights referendum (LGBTI marriage rights) came from that journey.
So all I'm saying is that Citizens Assemblies as a model can and does work. A copy of our document is available on request.
Right now I am in Iraq in complete lockdown because of the COVID19 thing so I have probably more time on my hands than planned and thats why I was watching this video and here we are today.
Stay safe and stay healthy folks.
Very interesting! I was very impressed by that story when I heard of it via a Dutch podcast.
Could you point me towards the document you mentioned?
Hope you have been doing great since COVID and the lockdown.
The only point I cannot swallow as made by Mr. Varoufakis, as I have personally lived it, is that of "standing in the shoes" of those who voted for Trump. I am still "wearing the same shoes" as those disenfranchised folks, because I'm one of them. Blue-collar, Midwestern America is where I reside and work. I detested the Idiot Boy when he was flaunting his garish/glutinous lifestyle on any surface or screen which would project it, since I was in high school and beyond. Placing him in the White House was not only the most destructive idea on the planet, to me, yet the most irresponsible and lazy. Those still white-knuckling it as they hang on . . . certainly deserve pity, but not compassion. It is each of our responsibility to put forth the effort we feel necessary to shape our personal and public lives. There is an undercurrent which few bring to light on this topic of displacement, and it is indeed the elephant in the room. Myself and many of my (still) close friends have witnessed the absolute panic which arose when Barack Obama was elected--twice. If nothing else (as I did not vote for him either; full disclosure), he was an excellent filter for what was to come. The only positive thing I will ever have to say about the Trump "reign" is that it slapped me in the face and shoved me into action. Thanks--I needed that. Overall, I appreciate this discussion and will avidly continue to follow both of these outspoken gentleman in the future, ironically using the platform of FB and/or the origin of RUclips videos (among others) to help discount and erode any capitalistic monopolies to the best of my persistent, if not limited ability. #videoshared
Sorry but i have no idea what you are talking about. I bet you could have said much more with less words
Anastasie, the comment is pretty clear to me and the expression of feelings/personal experiences do not need to be confined to any particular length... so if you having nothing to ask or to disagree upon please shut your arrogant non-contributing mouth and let us do the talking...
@@turtlep.9782 Wait. Why am i arrogant? I read the whole thing cause i wanted to understand. But when i finished reading, i had no idea what the point was. He is against Trump i guess but i didn't get the reasons etc
Ann Ford. The road to progress is often filled with terror. Trump is that part. I hope Bernie Sanders will be allowed to progress your nation
@@drunkensailor112 Bernie Sanders is an illiterate lazy communist. He is so useless that even his fellow communists didn't want to live with him: thelibertarianrepublic.com/lazy-bernie-was-once-kicked-out-of-hippie-commune/
What’s the use of voting for a person and then hope they will do the right things??? Citizens should vote for each policy change like a jury system that represents the citizens of the area
Some things you can vote for locally, some require national and international agreements.
Many things require specialized expertise. I have some knowledge about the difference between bullshit economics vs real economics from people like Yanis, like Warren Mosler, like Stephanie Kelton (one of Bernie's advisors), Steve Keen, many other post-Keynesians, reformers of economic theory as well as policy.
Yet I DON'T HAVE ENOUGH KNOWLEDGE TO REALLY MAKE SOUND POLICY.
William A. Black has written and spoken and testified to Congress about CEO-driven corporate fraud that was an epidemic in the 2000s. He had the knowledge & insight & skills to regulate/prosecute white collar crime, put 1000 of the worst in prison on the Savings & Loan collapse.
Same for internet. Average people think Al Gore lied about "creating the internet" when he told the truth about creating the commercial internet by privatizing the tech developments of the military, of the Cold War, hardened communication channels.
So people argued that Net Neutrally was a "communist" govt takeover of the internet.
Ordinary people don't have a lot of insight or understanding, even basic online security. People don't understand IP addresses or subnetting for security via isolation, or routers or other basics.
People don't understand that nuclear isn't Hiroshima, nuclear isn't Chernobyl, safe designs, breeders reactors that devour all the radioactive fuel instead of calling it waste, safer history than coal, etc.
Most people are uncurious and emotional/irrational.
@@gg_rider the fact I'm the first to give you an upvote after one year is an absolute travesty.
Brilliant points and insights
Great guests, thanks.
Thanks for watching!
I found Brian Eno after devouring David Bowie's "Low" when I was 14. I Knew someone else had to be responsible for that other worldy sound. Eno should have shared the header with Bowie on the front of the Album but I bought plenty of Eno's albums after that. Eno is the sexiest man alive at any age. Adore Eno. what a mind, what a talent.
i regard the tax havens as Legal Theft. why dont yo call it by its proper name tell yanis
@@leeoconnor7341 I'm glad this has occurred to you. Tell the world all about it. Good luck..
strange overtones
Whether you agree with the two of them fully, almost fully, or not, it's clear that humanity needs to get its shit together and do a lot better for the both the welfare of the species and the planet as a whole. Global capitalism is for the benefit of the few at the expense of the many.
Labor is prior to, and independent of, capital. Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration. Abraham Lincoln
Ah, I see now why he was shot.
Yanis is an absolute beast.
Well I have invented energy hardware and a business plan to restore our depleted soils and though that our food will once again be full of minerals. The community of Universities Swedish institutions and individuals steal and work against this. Evrybody are not bad. One older engineer, PhD, said that this energy system would be installed in every building. If this would happen we would have a world hardened against a Solar storm and have restored food to its full mineral content. For Greeks, among others, it would mean you could start to restore your country back to be covered by trees. Having energy driving this change ......But what can one man do? Why do we allow what Richard Werner describes in banking?
tells us what it actually is and post some links otherwise you are just another bullshit artist
GREAT MODERATOR! OMG! The Best Intro ❤❤❤
Yanis Varoufakis warning about ''inverted nationalism" as a kind of left wing national self loathing is absolute on point. Hating your own country is as flawed as believing in the superiority of your own country. When Eno later says "WE are the real criminals in this", Varoufakis corrects him. WE should not be engaging in collective guilt.
Hatred will balance out whatever the heck Texans are doing.
Also: take your money out of the bank and put it in a credit union, don't shop at Walmart, don't order from Amazon, shop at local, independent bookstores, record stores and coffee shops, support your local farmer's market, support alternative media that's actually in touch with your community to start.
Of 'course we should "own our own data". Google and other tech companies should be paying us for our activity.
Modern thought is too much in love with itself. We need to become simpler and have reverence for God, Nature and our humanity.
A Hannabou You haven’t heard? There is only one , he / she goes by different names in the different religions
@@xqt39a like david bowie?
seumas Broderick I know he is very much about alternative consciousness but I have never been a fan. Ironically I am fascinated by Lady Gaga
All is needed is a reform of Democracy. The reform is being studied and will soon be implemented. It will be the new Renaissance.
Two of the most interesting people
Yanis has just explained to me why a hot water bottle at BOOTS CHEMIST Swiss Cottage cost four times as much as an equally good one at a general store a few yards further down the parade. 🤔 (Green Fire UK) 🌈🦉
I.e. Boots is now owned by Feedy Cucking Grunts. 😎
only 8000 views ? needs to be 80 million at least !
Agreed!
Rainy City Music pfffft who wants tolhera the same thing again and again and again-- these guys haven’t said anything new in the last five years.
And I like both (for what they are) but another round of trump bashing and prognostications about climate.... noooooo thanks
RUclips doesn't allow leftist ideology to grow at an accelerated rate.
fight to free julian assange
We are talking about the absolute criticality of the situation.
The system will face a "revolution" in which everyone will have the same "weapons" in an "unabridged" conflict of interests.
This is the current major problem for the "establishment".
We are no longer talking about a "Swiss" Democracy, which in its regularity solves its problems with harmless referendums.
Here we are talking about an instant "revolution" where the masses will " compete" with referendums.
We are talking about masses, which are led to conflict and are legally "armed" by the establishment itself.
Not even the security forces won't be able to be used by the ones in power in the event of their overthrow. They will find them in front of them if they won't respect the outcome of the "revolution".
A global referendum is now within reach. World War III may not be possible, but a World Referendum - "conflict" can happen at any time.
The conflict of cultures is inevitable. The clash of their cultural models in particular.
Mankind has to decide its course ... Will we become human beings or remain consumer animals? ... Will we become citizens or remain customers? ... Will we live in a free society or insist on a free market? Sooner or later, the question that terrifies the usurpers will soon be brought to mankind.
New World Order ... or ... Age of Aquarius?
Bankers ... or ... Greek Philosophers?
Ποιος είναι ο εχθρός τής μονεταριστικής Νέας Τάξης; ...Ο ελληνισμός ...Ο αυτοκρατορικός ελληνισμός. Ο εχθρός των τοκογλυφικών ΚΤΗΝΩΝ είναι οι φιλόσοφοι ΑΝΘΡΩΠΟΙ. Ο εχθρός τής "βραχυκυκλωμένης" αγγλοσαξονικής Democracy είναι η ελληνική Δημοκρατία. Ο εχθρός τής σταλινοναζιστικής "συμμορίας" των ανίκανων είναι η ελληνική ατομική Αριστεία, όπως την έχει "δώσει" ο Όμηρος σε όλες τις γενιές των Ελλήνων
...Από το Αιέν κλέβειν να πάμε στο Αιέν ΑΡΙΣΤΕΥΕΙΝ.
Η σύγκρουση των Κόσμων είναι αναπόφευκτη. Η σύγκρουση των πολιτισμικών μοντέλων τους συγκεκριμένα. Η ανθρωπότητα θα πρέπει να αποφασίσει για την πορεία της ...Θα γίνουμε άνθρωποι ή θα παραμείνουμε καταναλωτικά ζώα; ...Θα γίνουμε πολίτες ή θα παραμείνουμε πελάτες; ...Θα ζούμε σε μια ελεύθερη κοινωνία ή θα επιμείνουμε στην ελεύθερη αγορά; Αργά ή γρήγορα θα τεθεί στην ανθρωπότητα το ερώτημα εκείνο, το οποίο τρομοκρατεί τους τοκογλύφους της Νέας Τάξης.
Νέα Τάξη ...ή... Εποχή του Υδροχόου; Τραπεζίτες ...ή ...Έλληνες Φιλόσοφοι;
facebook.com/%CE%9A%CE%AF%CE%BD%CE%B7%CE%BC%CE%B1-%CE%B3%CE%B9%CE%B1-%CF%84%CE%B7%CE%BD-%CF%80%CF%81%CE%B1%CE%B3%CE%BC%CE%B1%CF%84%CE%B9%CE%BA%CE%AE-%CE%B4%CE%B7%CE%BC%CE%BF%CE%BA%CF%81%CE%B1%CF%84%CE%AF%CE%B1-577906699087361/?hc_location=ufi
Love ur channel
Let's free the world of the egotists.
It will only get worse for most people.
The rich are not listening to reason.
We must start setting up the guillotines.
Vive la Révolution!
Vive l’ Égalité!
Vive la Liberté!
Vive la Qualité de vie!
Yanis, please, research THORIUM reactors. Non high pressure built to scale reactors that could be financed by regional states and cities. Cleaner and safer that can use current waste and produces manageable amounts
If thorium was as good as its advocates claim, it would have been implemented
Thorium is most likely a popularized pipe dream
The House of Lords everywhere
Apartheid is as neutral as the air we breath as far as culture is concerned but evil as far as access to economy is concerned. Very important to see the difference ; everybody has the innate right to choose who they want to socialize with or not. This is an inalienable right that does not need to be defended.
But that's not apartheid. Apartheid is forcing it. Constraining people.
@@antediluvianatheist5262 Your reply is very skimpy... not sure you understand what I mean. Wanting an all white school or university is considered apartheid in South Africa. Elsewhere I'm not sure but probably too...
The semantics really matter in this case. If apartheid is taken to mean segregation imposed by the state - which has a monopoly on the initiation of violence - upon involuntary 'subjects', viz. the citizenry composed of individuals whose liberties are being curtailed in the name of 'the common good' or some bullshit, then it's an obvious smash-dunk moral evil. If, however, apartheid is taken to mean segregation brought about through the voluntary, non-coërsive free association of willing men and women of any given race, sex, ethnicity, culture or religion into homogeneous neighbourhoods, sports clubs, enterprises or other aggregations of people, then it's a blatant moral good.
5:15 "If you take 100% iron, that's something that's brittle, heavy and so on. If you add 4% of carbon to it, you get something called steel."
This makes me cringe. Pure iron is soft and formable, not at all brittle. Carbon steel contains 0.005% to 2.14% carbon and is generally harder and more brittle the more carbon it contains (heat treatment also plays a crucial role). Adding 4% will not result in steel, but in white cast iron, which is very hard and brittle. 4% is much more carbon than is soluble in the iron during solidification, leading to precipitation of coarse iron-carbide.
They're not socratically structured therefore first lost me at an uncritical acceptance of climate change. While the interactions of creative parties may result in interestng ideas most of them are not necessarily useful.
Also the refresher on iron/steel metallurgy was great from the standpoint of a manufacturer of tactical rifles.
@@geraldoarnoldo6440 Happy to assist hehe.
Does he mean pig iron?
@@michaelpagan3914 His statement still wouldn't make sense, because you'd have to remove carbon from Pig iron to get steel.
BRian Eno makes a good argument for copyright reform. The COMMUNITY is a part owner of art and ideas because they are necessarily part creators, as Eno suspects.
Great idea, I'm looking forward to Brian sending me my share of his royalties. 😎
@@SirAntoniousBlock yuk yuk.
He would, through higher taxation of his income. That's how it's achieved. Geez, catch up.
The evolution of society is always dependent on the intuition and discoveries of mature individuals.
Then there is the chunk off Assets on balance sheets in USA and Europe which is only R&D expenses entered in balance sheet for developing and registering a patent
Interesting point. So are you saying the patent itself is worthless but the money spent getting there is the asset ? You known that in real terms all patents are dead weight on progress ?
Wished they had fixed the microphone on Yanis.
Wound them around his vocal chords, yeah.
Great discussion, poor mic placement.😉
ironic really, considering who is on stage.
Great discussion! At 32.55 Varoufakis mentions loans on the asset books of the city London standing at 5 times the country's GDP. Does anyone know what these loans are specifically?
Money is created privately, but value is created by the community. Printig money to fight inflation is a devestating situation that harm people horribly. Use your brain and understand that creating money has no sense, only haveing a dynamic structure currency we will realise the harm done to the values we all should try to protect.
All and all not so radical....Timid justification for UBI, no mention of what money is how its created, nothing about localization and permaculture, public banks...Eno’s strange attraction for nuclear energy?
What's wrong with nuclear energy? Fossil fuels are going to run out someday, aren't they?
I agree with your point about fractional reserve lending, if that's what you're talking about, and printing money out of thin air, giving up the gold-standard, the all-out attack upon crypto-currencies, inflation, etc., these are all obviously horrific things.
Also, UBI requires taxation, and taxation is theft - the act of involuntarily ceasing someone's justly acquired private property -, and theft is immoral, since it violates universality and therefore Aristotle's axiom of Non-Contradiction, hence UBI is incompatible with UPB, so that I'd beg to differ with these two plonkers on UBI.
you have done some thinking.
Did you listen?
KKR owns Arnott's biscuits. The iconic Aussie brand is actually American.
As far as economics are concerned, just don't accept the law of the holy sea
Brilliant!!
"Keep it short"....goes on for 15 mins before getting to their question
Do you know the definition of the word apartheid it’s a Afrikaans word for separate development the same as what Europe have of different cultures with different languages and history
I like your posts !
Minus the 30 year oppression with two basically incomparable cultures where a minority controls the majority population.Nothing like Europe and it's centuries old history.
I would love to see a 'Forum of future Economics', doing a roadshow around Europe....
with Yanis Varoufakis,
Charles Eisenstein ~ (Sacred Economics),
Ben Dyson ~ (Positive Money)
Bernd Hückstädt ~ ( Gradido)
Anand Giridharadas ~ .....
Using the inspired vision of these (and others), could we create a truly abundant and sustainable economy.
* Certainly, a form of Direct Democracy is the key to solving the impossible-to-solve problems that are part and parcel of Representative Democracy (which is way past its sell-by date) along with the over-administered EU...and the banking industry.
I have no doubt that Direct Democracy is the next step in our political evolution.
Brian Eno Great!!
Democracy in Athens was started largely thanks to the philosopher and politician Pericles. He dominated Athenian politics and ruled by wise influence and negotiation. Pericles believed that all citizens should partake in government and was the first to offer a stipend to men in office. This action allowed any citizen to be involved, regardless of their economic standing.
Democracy in Athens was a direct democracy. In a direct democracy the people decide on the policy initiatives directly. The major decisions of the state were made by general assemblies in which all citizens could participate. To call today’s democratic system democracies is silly. No participation by citizens in decisions just by business and rich people and organisations so it should be renamed to reflect what a system should be called that’s for business the rich people and organisations that buy politicians. I think it’s what was in place before democracy was proposed by philosophers. Think of the jury system. Citizens can make decisions on criminals’ charges but not on policies and legislation that effects their lives and futures?????
Democracy in ancient Greece was only for Rich Male Landowners........no vote for women.......no vote for slaves.......nothing but a word.
There was more democracy on a Pirate ship than in ancient Greece.
It's a representative democracy with taxes being both the engagement by and the tacit permission of the citizen.
right before Pericles athens went through a financial transformation as well were Solon redistrubited wealth and land and putted and end to the previous era of Draconial law(austerity) instituting debt forgivness..his programme was called Seisaxthia and went on to be a celebrated day( 4th of july type) for the years to follow..Seisaxthia translates as lifting the burdens..Solon him self is viewed as the wisest Athenian Lawmaker from history..then eventually Athens evolved from Tyranny to Democracy..my question to everyone is..can extreme financial inequality and democracy coexist or is this type of inequality synonumous to an oligarchy at best or a straight forward tyranny?
In order to fix the world, we must buy the world..
Well, I got 20 minutes in before I lost the will to live. What exactly is radical here ?? Though I have to say Toby Young and Vinnie Jones have changed.
They've acquired intelligence.
I got to the point when YV said he was a fan of Corbin! He wants a Marxist Europe?
@@colinosborne3877 Yanis is a marxists dude. A Libertarian marxists
math is hard too when you spend your time reading 'graphic' novels, lol
I disagree with Varoufakis that Brexit has re-invigorated politics and got the youth involved. What Brexit managed, in reality, is to bring back hideous nationalism, racism, hate for the 'other' and isolation, along with new exaggerated delusion of grandeur sprinkled with lots of colonialist spirit. Nothing good of what Varoufakis wishes will come out of Brexit. That was not the intention and it'll never be.
Well maybe the youth should have got off their lazy arses and voted Corbyn.
Lex772 Apathy is the enemy of Democracy.
most poor people (who dont speak any english) will never get to watch this, less even understand it or worse agree with these folks who take dozens and dozens of flights every year... What part of the conversation was actually useful .. highly debatable itself...
A million years ago no ape would have understood any of this.
Relax, this stuff matters and is highly influential. It helps. It has an effect.
Demurrage currencies will not work. Low earners already spend all their income, so no gain there. Rich people will just transfer their wealth into physical assets, and won't sit in cash, so no gain there. Demurrage currencies will just squeeze the hell out of whatever is left of the middle class - those that earn enough to have some savings, but can't afford to buy bars of gold, overpriced art, or property portfolios.
The only I hear in this..is a lot of symptoms on the problem that most countries don´t have a real democratic system ( like the one they have in Switzerland) were elit, politic and administration are forced to follow and protect the individuals choise´s, right´s and asset´s...instead of be a corrupt superior cancer on them….
When people use analogies like “sloshing around” to describe money were all being mislead as to what money is, does and its very nature. Money is numbers. Numbers dont slosh like water, they dont pile up like stuff or things, numbers are concepts or ideas (like our names) which exist as mental categories but not in physical reality. Numbers dont weigh anything, they dont take up space, they are not subject to the laws of physics only the laws of mathematics. Therefore physical analogies mislead us as to what money is and where it ‘exists’.
You clearly haven't watched the movie 'Blow' . . . it sloshes around, piles up like stuff and takes up space!
I did watch that. Good movie!
@@summondadrummin2868 Certainly is!
Money incorporates numbers, as does art, music, science, architecture, carpentry, basically pretty much anything you care to name.
I would suggest that, essentially, money, finance and economics is just an idea that has been adopted as a structure which was originally used as a means of exchange. Unfortunately, the concept lost it's way into a reality where people view money in terms of personal success and failure within a social system that flogs competition as it's raison d'etre.
It always astonishes me how aggressively some folk react when told money isn't real, it's just an idea that was thought up and adopted. To put it in it's place, I would suggest that to have an idea is an act of creativity, to be an idea is an act of insanity.
I think people have a hard time accepting that they work hard to earn something which has no tangible existence...Money doesnt just incorporate numbers it is numbers, Banking is accounting. The elites pulled off a trick on the public by convincing people money was a scarce commodity...its only reltively scarce because of the systems design.
Money does slosh, because traders change their behavior on whether to buy or sell based on previous bids and ask prices.
These "numbers" don't exist in a purely fixed state and position. There's unrealized pressures and then tipping points. That's as sloshy as it gets.
The EU socks and it is impossible to change from within, because it follows a fixed agenda; a fixed plan. It is not possible to change the route of a train, if you are only a passenger on the train.
Hmm. There are two 'Through The Keyhole' Television programs worth mentioning here. One has a British host and the other has an American host, neither of which are Canadian citizens. So, that 'strangled accent' was American or British!
as greek i am ashamed of this person. greece is in a decline for the last 700 years and he continuous the "tradition", but then again hellenism has survived much worse for much longer , so i am pretty confident for the greek future...
Big government destroyed the middle class not capitalism in Greece
Paraphrase Brian, "...Credit & reward the individual, rather than the many..."
I agree Brian, society loves using the individual as a meta tag, both positive & negative... Look at the Noble prize allocation these last 20 years, they no longer go to individuals, times... they are changing.
I’m closer to Brian than Yanis, I favour Data over Human instinct, Democracy is not our saviour, I am though onboard with the engagement of the people & the socialist concept of ‘commons’, I would favour fact (data) over belief (instinct).
Data before Democracy.
Responsibility before Freedom.
Yanis you still have humanity at the centre of your maths, the universe lives there, we come in at a higher subservient level..
You may want to start by relabelling your ‘Green Initiative’, ‘Universal Initiative’ is in more appropriate, greater understanding of the universe is the real driver, the climate change element to this restructuring is a subset & at best 30% of the driving force.
If Brian's theory is only meaning about the alchemistic fusion of dualism and entangiblement of opressional apparatus of State, I no suprised that he doing it actually with own brother, Roger.
The market has created "the law of increase" the law of increase has become the necessary greed to accommodate the environment to which a business is subjected to. The monetary system and the way that it is rigged forces man to think that greed, arrogance, selfishness, and a dispassionate attitude are the parameters in which he is taught to operate in. What then is achieved by blaming anyone for acting under the influence of such a corrupt and despicable environment if he is being taught that that is the essence of his nature.
Eno is spot on about nuclear energy.
Make the wages paid to the employees assets then through proper cost accounting transfer the value of the output of the employee to the cost of products or service provided. A variation of Activity Based costing can be used and with technology of today can be done
Genuinely curious, could you elaborate on this slightly? Like is a worker "paid" through shares that equals the value they created? And is it a form of A.I that calculates this value? And how does someone "spend" what they have earned to purchase goods they want?
So the worker gets paid according to a comparison to the value of his/her output in direct relation to the amount of goods or services provided ? Sounds fair.
@@endaohalloran6649 Time store maybe. The value comes from the worker actually wanting to do the work, meaning the creative process is enhanced. External control could be manifested as a peer administered online rating system, as in the diy community. This would move away from hierarchical structures and class distinctions.
the national football league .... no joke . What is going on here with the Taylor Swift phenomenon , the actor is taller and blonder than Trump , and will have more influence over the vote - As always , truly enjoy listening in to the thinking of this man's mind . Date Feb 3 2024
Unfortunately, when checking Diem’s movement, found that ultimately there was a power structure which did not match its ideology... to keeps this simple. As a result I could not or at least deferred lending my name to Yanis Varoufakis’s movement.
"but only found when searched on the midside"
what does it mean >_> ???
Father Brian Eno!
1:10 onwards. The NFL example was something to think about.
Yes we newed change especially Political change and dull on investigations in to all MPs.
Yanis makes a terrible point about BDS. Its like calling oppressed blacks racist because they oppose Apartheid and white supremacy.
Brian Eno has written some nice music, for sure. I do not know what he is doing in this conversation, but anyway. Varoufakis however was the finance minister of a government that worsened Greece's debt by tenths of billions of Euros. If you do not speak Greek and have not followed his statements and overall public presence in the year 2015, you really cannot appreciate what a destructive force this man and his government colleagues were in 2015. You have no idea.
? Explain
I prefer to make caricatutures of todays english politicians with the pre revolutionary germanized french nobility...
Knowing most of the ideas of Yanis, I wonder how he resists to manifest determinism.
The road to hell was paved with good intentions.
The roads in hell are all fully paved.
There is no hell and no gods or demons though, so that argument is invalid.
The highway to hell was paved with dirty deeds
@@FixxxerZ7sometimes Something's are interestingt to think about. Which is why skeptics and atheists are early the life of the party.
@@FixxxerZ7 You hope !
Eno- Music: Right Right Right
Eno- Politics: Wrong Wrong Wrong
Our Marshall Hydrothermal Recovery System could provide base-load sustainable electricity to the world and this could support wind, solar, and other renewables.
Yanis Varoufakis is good ....of getting people to feel good .. but is he ... its a Class thing!
He is just a talking dude.
54:07 Varoufakis seems to want to bring "market communism" about first and then start the green transition... I fear this is far too late for the green transition, that should happen asap.
I think he wants to bring the new global era of machine learning under control and help all of us losers secure economic security through a universal _dividend_ which would be distributed from a global sovereign wealth fund filled by corporate productivity from companies with 500+ employees.. the "market communism" is a corporate power check which goes hand in hand with the green transition.
Bryan Ferry was right to kick Eno out. Brian Eno like Yanis is a self-important half-intellectual.
It's still an impressive half
Yeah, that accent change was quite peculiar. Why? American accent becoming Aussie-English accent....why? WHY?
Whose accent? Sincere question.
there are way's to fix the current mayhem however one thing is the know how & another is the doctor that will put the medicine into practice 🍾🍾 find the doctor & the medicine is already here🎨🖼 even since the 1900 century.🤔🤗 the path of realty is a 🎡🎠 a wheel that turns & stays fix 🤔
We need to elect Yanis as as the UK PM. He's wonderful!
Mr. Varoufakis
Not being american you may not know the level of racism that resides in the minority that got Trump elected, to say it's a question of economics may be true to a small degree, but I know many trump voters, and without exception they are racist, and they were racist before Trump came along.
Go away antifa talking points bot
@Accelerationist haha, you're very sad
She is 'sitting' not 'sat'. Let's just get that straight.
At 1 :12 37. Yanis wants to stop individual from indulging in self helps. So we just listen to Eno and his ideas only ?😱