Yanis Varoufakis | Cambridge Union

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Cambridge Union

Cambridge Union

3 ай бұрын

February 7th 2023 at 18:00 in the Chamber.
Thumbnail Photographer: Reva Croft
Finance Minister during the debt crisis in 2015, facing off against the IMF, ECB and European Commission. In 2019, Varoufakis was re-elected to the Hellenic Parliament with his new party MeRA25. Varoufakis s both loved and hated by Greeks today, his recent electoral comeback contrasted against traumatic memories of 2015.
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Пікірлер: 667
deltasquared7777 2 ай бұрын
It is a total breath of fresh air to hear from someone who really understands economics on a heuristic basis
Eelco Sterringa
Eelco Sterringa 2 ай бұрын
He has seen the dealing of the EU from the inside
юдита 2 ай бұрын
yanis is a great speaker. always makes ideas people may otherwise consider too radical easily understandable and digestible. definitely underrated.
PLSMT 2 ай бұрын
I've been following Varouvakis on and off since he was minister of finance for Greece. He's such an important voice for people who believe in the EU but aren't really happy with the way things are going.
Pseudonayme 77
Pseudonayme 77 2 ай бұрын
He doesn't believe in the EU in it's current form, just to be clear. "Party politics cannot be allowed to change monetary policy" This was Yanis quoting a conversation he had with an EU finance minister, and the extremely Orwellian nature of the statement should make every EU citizen very suspicious of how it (the EU) works.
Pure Tone
Pure Tone 2 ай бұрын
@Pseudonayme 77 That problem is not specific to the EU and the solution is not to get rid of the EU. As banks, corporation and even individuals get richer and more powerful, we need large democratic institutes, like the EU, to counter and reduce those non democratic power centers. The only way to do that is to increase the taxes on the rich and on large corporations and reinvest that money into infrastructure, education, health care and people at the bottom of the economic pyramid. Right wing economic policies create inequality which in turn drives discontent and disillusionment which in turn drives people to populists and the far right. It is a huge risk to democracy as we see all over the west.
red rev67
red rev67 2 ай бұрын
@Pure Tone lol. The EU is not a democratic institution. It is in hoc to big business who like the regulations as they help preserve their monopolies and profits, and keep new entrants and competitors out.
Pure Tone
Pure Tone 2 ай бұрын
@red rev67 It seems you have zero understanding of how the EU works. Conspiracy theories don't help.
Jimbob Robob
Jimbob Robob 2 ай бұрын
Awesome Yanis... Don't let the recent personal violent attacks by political thugs stop you! Speedy recovery...👍🖖✊️
Cheri 2 ай бұрын
Thank you, Cambridge Union for having Mr. Yanis Varoufakis expertise and knowledge to be heard.
Jasper Cato
Jasper Cato 2 ай бұрын
Thank You Yanis Varoufakis for this magnificent lecture. Please just keep going.
Joy Love
Joy Love 2 ай бұрын
I am so grateful to have an awesome and smart man like Yanis
David Chung
David Chung 2 ай бұрын
Whenever I listened to Yanis lecture or whatever, it always enlightened my senses and inspiration! Thank you!
Karl D. Marx
Karl D. Marx 2 ай бұрын
Always great to listen to Yanis. He is a true believer.
Faber Bettarini
Faber Bettarini 2 ай бұрын
Solidarity for Yanis .... Violence will not win .... Ideas are stronger than brutality.... Forza Yanis from Italy
Gabriel Constantinides
Gabriel Constantinides 23 күн бұрын
well here is some food for thought; ideas are stronger but what if brutality results in the death of humanity? the idea has won, but the humans haven't
Hamid Rehman
Hamid Rehman Ай бұрын
Yanis never disappoints!
homayoun Shirazi
homayoun Shirazi 2 ай бұрын
One always learns something valuable from Minister Varufacos and this was just one of those that even a psychiatrist like me enjoyed for its clarity and commonality. Thank you for inviting him for this talk.
JohnKontos10 2 ай бұрын
He isn't currently a minister, although he was greek minister of finance from 27 January 2015 - 6 July 2015.
Mazyar Arashnia
Mazyar Arashnia 2 ай бұрын
They should kick out that guy who was coughing during the entire speech. So disturbing and disgusting while others want to focus and have concentration on important words.
Cheri 2 ай бұрын
We are all walking in seas of madness, all societies are being affected all over our world because of greed of great powers and wealth. Hopefully, as people are striking in many countries, our world wakes up with humanity and social reforms with new ideas for peace. How much wealth does one man need at the cost of human life and wars for profits as families and the poor are running in fear in all directions?
dubchile 2 ай бұрын
...yes, I concur absolutely Homayoun. Although evidently, correct spelling of names can't one of them. 😉 A small detail perhaps? But I believe it is an important and fundamental one. In fairness, his is not the easiest of names to get one's head around, but his explanations of complex economic history for instance are simplified to perfection for the layman to understand. No boubt adout it Janis is a master of his craft.
Alex Goslar
Alex Goslar 2 ай бұрын
Always great to listen to Yanis Varoufakis, economic analysis.
David C. Drake
David C. Drake 2 ай бұрын
Varoufakis is a good man and great intellectual. Please invite him to speak as often as possible!
Alter Ego
Alter Ego 2 ай бұрын
Ok, I'll think about it
Sharp Lettuce
Sharp Lettuce 2 ай бұрын
Thought it was impossible to have goosebumps from an economy lecture
Asad Ashraf
Asad Ashraf 2 ай бұрын
I’ve never been a fan of psychological thrillers, but I love listening to Yanis scare the living sh out of me.
Mariette Stabel
Mariette Stabel 2 ай бұрын
This Man is a Gift For the Young Generation.
Steve Lam
Steve Lam 2 ай бұрын
yeye, he is the Chosen One
mano a mano
mano a mano 2 ай бұрын
Must be German. In English, you don't capitalize nouns.
eleni f. Vlachou
eleni f. Vlachou Ай бұрын
@Steve Lam chosen who??
Steve Lam
Steve Lam Ай бұрын
@eleni f. Vlachou ΑΥΤΟΣ!! 1-0.
Julien Mehiri
Julien Mehiri 2 ай бұрын
Pretty clear and direct conversation, i like Varoufakis point on Socialism and how he broke down the Situation of EU and the Situation of their politics today .
Yasiel Romero
Yasiel Romero 2 ай бұрын
Brilliant, I need to start reading this man's books
Gabriel Constantinides
Gabriel Constantinides Ай бұрын
his talk about the idea of cloud capital is extremely forward thinking. potentially a lot to learn from this man if you have strong enough prerequisites (not sure I do)
David Gray
David Gray 2 ай бұрын
I always enjoy listening to this true gentleman, wonderful, it is a shame man is mortal, since one day he will be silent , verbally that is, I hope he continues to write so that young people will hear him forever.
Pearl Tan
Pearl Tan 2 ай бұрын
Always enlightening because we get the truth from him. Thank you.
[][] 2 ай бұрын
Excellent breakdown of the systemic problems with the financial establishment in the modern era.
Roger Hudson
Roger Hudson 2 ай бұрын
One has to watch this at least twice, it's full of so many ideas and needs deep analysis.
Thomas Duggan
Thomas Duggan Ай бұрын
Best wishes from Manchester Old England great show everybody keep up the good work ❤️☺️ Amen
riva2003 2 ай бұрын
It is the same in Maldives. Foreign capitals own almost everything in private sector, meanwhile the locals live under harsh conditions.
Pseudonayme 77
Pseudonayme 77 2 ай бұрын
And that is the EU in a nutshell.
Joseph J
Joseph J 2 ай бұрын
@Pseudonayme 77 how is it? I don’t see it that way at all.
Rick Fool
Rick Fool 2 ай бұрын
this is Singapore.
Ahmed Masud
Ahmed Masud 2 ай бұрын
It’s the capitalism in a nutshell… as he mentioned, it’s beginning of end of capitalism unless a major adjustment been done in due time, unfortunate things is people only realize when it explode 😢
John Vatistas
John Vatistas Күн бұрын
Truly fantastic information. Such deep insight.
James Gains
James Gains 2 ай бұрын
Varoufakis is superb. Supported Corbyn in the UK against baseless smears
Brian Bozo
Brian Bozo Ай бұрын
But was completely ineffectual given that Corbyn was still expelled.
Gabriel Constantinides
Gabriel Constantinides Ай бұрын
@Brian Bozo doesn't matter, fight for what is right
Sydney Morey
Sydney Morey 2 ай бұрын
Absolutely brilliant, YANIS, explains everything! LIVE & LEAN PEOPLE! I love you YANIS. This will change your life people if you listen and understand. And understanding is your key to the future. At 82, a bit late for me. If you’re starting out, this is your chance! YANIS HAS EXPLAINED IT. Understand and benefit, you owe it to yourself, young people. Cheers SBM.
Incandescence 2 ай бұрын
Heya thanks buddy. Bit younger here - how do you move through life when you feel hopeless/despite youth, good health and a good mind? How do you dilute the pains of life to stay on course?
ng keam
ng keam 2 ай бұрын
@Sydney- tell me what is his message, his speech is very blurry/fuzzy to me!
ng keam
ng keam 2 ай бұрын
@soofri -so enthralled by this character, enumerate your merits!!!
Barry Young
Barry Young 2 ай бұрын
That was a truly fascinating lecture / q&a…..
Nigel Cowie
Nigel Cowie 2 ай бұрын
Excellent stuff, as always
Jonathan Fox
Jonathan Fox 2 ай бұрын
The dictionary definition of time well spent.
DimitriMcLas Ай бұрын
Yanis! You are truly UNIQUE! ALL THE BEST!
Muhammad Asad
Muhammad Asad Ай бұрын
It is great to hear intellectuals such as Yanis - whether I agree with him or not, I will always value his views!
Pedro Ferreira
Pedro Ferreira 2 ай бұрын
This is Varoufakis at his best: eloquent, to the point, and pedagogical, but also showing humbleness and pointing out the Messiah complex that often arises on the left. Great discussion!
Quantickzz 2 ай бұрын
100% agreed, já agora és Português ou Brasileiro?
Steve Lam
Steve Lam 2 ай бұрын
His opinions might be good enough within academia only. And even that is highly debatable too.
Quantickzz 2 ай бұрын
@Steve Lam Why do you say that? He literally has a political movement spread already in 3 countries with him as main founder and influencer. Isn't that decent enough proof to believe in the practicality of his ideas? Especially in a field such as Economics (which isn't a science as he correctly points out) constantly referring to academia isn't particularly relevant. A focus on action and positive impact on the lives of everyday people is much more important than sitting in an office pondering and articulating papers that try to explain macroeconomic phenonemons that are subject to subjective interpretations.
Quantickzz 2 ай бұрын
@Tom T Does that make it less valid as leftist policy makers?
Steve Lam
Steve Lam 2 ай бұрын
@Quantickzz If you had followed his negotiating tactics during 2015, you wouldn't be wondering now. The world just isn't working in accordance with his ideas, that's why they will likely only remain a topic of discussion within academia. Needless to say I disagree with most of them, on a fundamental level.
Dario Dr
Dario Dr Ай бұрын
Thank you for this speech Yanis.
harri2626 2 ай бұрын
This chap continues to be incredibly interesting and insightful. All of what he says makes sense, and his Cloud Capital thesis is very true and makes so much sense - worryingly so.
Gabriel Constantinides
Gabriel Constantinides 29 күн бұрын
his point about accepting bankruptcy is extremely valuable; I feel that it can be equated to or compared with gambler's fallacy and admitting you have a problem. in the long run, there is no replacement for strong principles and hard work. you can scam people, but eventually someone you screw over will come and kill you. you are gambling on your life in that regard
Margaret Greenwood
Margaret Greenwood 2 ай бұрын
I totally agree with your analysis of the Left Yanis. In my early twenties I at last met someone in the communist party. I had read a little about it. This person couldn’t explain dialectical materialism to me and then asked me to go with him to expunge a Trotskyist group in South London. I had heard of Trotsky but really knew nothing. This person would not give any reason why I should go and do this and left. As you say, groups I subsequently met had more enmity for each other than for the governments
Hilary Porter
Hilary Porter 2 ай бұрын
I liked the question about overcoming corporate power in order to maintain a democracy. My guess at an answer to that question is that climate change or even in worse case scenario nuclear war, is likely to force that dilemma on us much sooner than we think. Yanis was honest in saying initially, he did not know. If the world has to undergo either of those two possibilities, to such a degree that corporate power itself is seriously disrupted, then the chips of democracy if any of us survive, will arrange themselves naturally.
Arman G
Arman G Ай бұрын
spitting straight facts
Joe King
Joe King 2 ай бұрын
Yanis is a genius. He understands more about our politics, culture and economics than most MPs. Not only has he achieved status in Greece but he has also completely mastered the English language. AND he's a motorcyclist. Last time I saw, he rode a Yamaha XJ1300. A very big and powerful bike. What's not to admire? We should offer him the job of UK Prime Minister.
William Neil
William Neil 2 ай бұрын
Another "Glorious Revolution?" First the Germans, then the Dutch, now the Greeks. Makes sense.
Pat Adams
Pat Adams 2 ай бұрын
Not confident he'd take the PM job!
Linda Garland
Linda Garland 2 ай бұрын
Wow, I learned soooo much. I must get the new book!
K P 2 ай бұрын
Thank you Yanis is correct amount the Amazon Cloud the "rent" is now what is paid by every human that shall IS the monopoly that I watched . Thank for articulating in words what my intellect from understanding computers from '80's with history education and economic education 😘
Teresa Marí Martínez
Teresa Marí Martínez 2 ай бұрын
Great, Yanis!❤
Paul Adams
Paul Adams 2 ай бұрын
Yanis is so insightful
jonathan effemey
jonathan effemey 2 ай бұрын
Thanks so much for posting
Paul de Groot
Paul de Groot Ай бұрын
As a country I think it's more about being at the right time and place waiting for your next turn while clinging to the inevitable downfall you're in
Alec Gastélum Woods
Alec Gastélum Woods 5 күн бұрын
Me encanta la sección de preguntas. I love the section of questions
Toi van Gelder
Toi van Gelder 2 ай бұрын
A joy to listen to. Very intelligent. The world is lucky with such intelligent good people like Varoufakis. Ha! A Faustian bargain! On banks and government. How well expressed. Lovely. So smart. 2008 explained. So smart. We had the same thing in Holland. Our Labour Party PvdA also bought out the banks with tax money. So now these banks survived gloriously and we, the people, are poor and bankrupt. We have been betrayed in a terrible way.
Dante Aligheri
Dante Aligheri 2 ай бұрын
"building nothing but pyramids" -> the best description of high finance I have heard in my life ever!!!!
Gesmay Paynter
Gesmay Paynter 2 ай бұрын
Spot on about the UK housing issues.
Mariette Stabel
Mariette Stabel 2 ай бұрын
His Book "Adults in the Room "Brilliant!
Mister Gr8Hatz
Mister Gr8Hatz 2 ай бұрын
The guy sitting right behind the moderator and incapable of not checking his phone the whole time. 😂 Embarrassing.
Toi van Gelder
Toi van Gelder 2 ай бұрын
Very good advice. Citizen Kane, all Greek tragedies and Shakespeare.
Sticky Wicket
Sticky Wicket 2 ай бұрын
The Northern Ireland situation looks likely to be resolved to most people's satisfaction just 3 weeks after this. Sort of proving Yanis right. It had to be a focus for attention, the first problem that had to be solved And apparently it was.
Onetime 2 ай бұрын
Thank you Yanis!
Nick K
Nick K 2 ай бұрын
I don't respect many people, but I do him. Talented speaker.
RIP Bernie Worrell 👑
RIP Bernie Worrell 👑 2 ай бұрын
Varoufakis is imo unparalleled as a leftist economic thinker today, drop a suggestion for other people to check out if you want. One of my other favorites and extremely different is matt Bruenig.
Gordus Maximus
Gordus Maximus 2 ай бұрын
Too bad, his views on China are aging like milk. He is naive about it, or blind on purpose.
whosOHW 2 ай бұрын
Not exactly economic but Olufemi Taiwo is another favorite of mine.
Ti R²
Ti R² 2 ай бұрын
if you also like being "abstract and academic" I have to always mention the late Graeber, for an Anthropology of Economics
Farzana Mughal
Farzana Mughal 2 ай бұрын
@Gordus Maximus In what way
GMW 2 ай бұрын
@Gordus Maximus he also doesn't get that what's left of Ukraine will only be a fraction of what it is currently.
Stephen Wright
Stephen Wright Ай бұрын
Few on the left I can tolerate but Yanis is one of them. He seems genuinely honest and having integrity rather than performing. Very intelligent and likable.
Richard Kroon
Richard Kroon 2 ай бұрын
Fantastic chat Varoufakis! Love your view on China Watch that space. We can learn a lot from them.
crochetforbeginners 2 ай бұрын
I agree, but that would involve sensible, grown-up leadership on our part, so it's doubtful.
Chinese in Britain Forum
Chinese in Britain Forum 2 ай бұрын
@crochetforbeginners Grown-up as in no longer minors, check! But there's no evidence of any sense nor leadership when it comes to China. Iain Duncan-Smith is a angry grump at the best of times, but the ugliness of his venom for China is truly vile. When a heart has so much hate how can there be any compassion, critical thinking or rational decision making.
Gabriel Constantinides
Gabriel Constantinides 13 күн бұрын
38:02 massive question, so bloody relevant. I hate the need to make money nowadays, at least where I live (London atm). Where I am from and in the circle of people I know from school, I feel like there is such a strong culture of get a good education then enter a career where you make a lot of money. you can get by on a lower amount of money, but I feel this underlying sense of patronisation from people who make more money than me when I talk to them. I hate this sense of importance other people derive from having more money than someone else, and hope that if I ever make 'good' money that I won't be sucked into the same feelings of self importance
Joy Love
Joy Love 2 ай бұрын
Very interesting and useful talk
Silencio Thequiet
Silencio Thequiet 2 ай бұрын
What the EU had done to Greece, is what the IMF and the WB have been doing to the Global South for decades without anyone batting an eyelash.
Honeybee Awning
Honeybee Awning 2 ай бұрын
Steve Lam
Steve Lam 2 ай бұрын
That's because the global south is even better than Greece at building up vast amounts of debt.
PwP 2 ай бұрын
@Steve Lam debt wasn't and isn't Greece's cause of its misery; being a member of a currency union, having no central bank to back up the state, and no federal mechanism to recycle surpluses to deficit regions on the other is. Before the euro, Greece had high levels of debt combined with reasonable levels of economic growth. A poorly designed currency has unleashed the worst in all of Europe.
Steve Lam
Steve Lam 2 ай бұрын
@PwP Nowhere near where the debt levels had reached in 2009. The Greek government deficit had skyrocketed between 2008-09. That was due to a combination of excessive public sector spending with increased rates (globally). Allow me to know a little better, I was in Athens at the time.
Steve Lam
Steve Lam 2 ай бұрын
@PwP And by no means the architecture of the Euro is fit for purpose (when it comes to the zone's peripheral economies at least). But that is probably one of the main reasons Yiani, the marxist economist, still gets so much attention from backbone-systemic Anglo-American media and academia 😉.
Khalid Jian
Khalid Jian Ай бұрын
Great man,great thinker
Mr Tien Physics
Mr Tien Physics 2 ай бұрын
This is a very smart man. It would be nice that this has a transcript. This guy is so full of ideas and the brain think so fast that his mouth cannot catch up.
Natella Gorbunova
Natella Gorbunova Ай бұрын
It is a necessity to personally experience living in socialistic system to understand the differences and seek for the world's crisis solutions. I've lived in both system socialism and capitalism and see and understand the human condition. Since capitalism is combination of the worst man sides such as greed, ability to lie, ext... a society which destroys our only the place to live, socialism, minimalism and responsibility are the very good things for the planet Earth, in my opinion. THANK YOU for the speech.
Rediet Seyoum
Rediet Seyoum 2 ай бұрын
I love you Prof. Yanis.
Gren Ай бұрын
As he said, there is no democracy if there are no choices that represent the people.
simplicjusz 2 ай бұрын
three cheers for the guy checking his phone
Jakalama Newtown
Jakalama Newtown 2 ай бұрын
Such densely thought out critique of the Western financial house of cards. "Any Adults in the room?" is a quote from this adult showing us the only way. He is a new voice up to date and waking the dead. To be a socialist, becomes of meaning, not red handout.
Corinna Petry
Corinna Petry 2 ай бұрын
His argument about algorithms changing human behavior is spot on, but it will not work (fully) for those who don't adopt all the new tech, who were born without those tools and who are natural skeptics. But we will die out and everyone left will be a slave to the technology. I see that process as nearly complete already. No one ever doesn't have a mobile phone within 2 feet of their bodies.
Abdul Ghani
Abdul Ghani 19 күн бұрын
Danke Mr. Y. Varoufakis God bless you.
Steven M
Steven M 2 ай бұрын
a most poignant and aptly described question @53:00
Gabriel Constantinides
Gabriel Constantinides 27 күн бұрын
how do you prevent bribes and assassinations? possibly impossible
Girdhar Rathi
Girdhar Rathi 2 ай бұрын
A deep deep analysis.
Kathri 100
Kathri 100 2 ай бұрын
In answer to the person who asked about socialism , or for that matter about anything , I feel : Find the best definition of whatever you want to be. Visualise it's essence, the spirit, not the words. Understand in practical terms how this ideology would translate into action in different contexts, in different countries Under many political ideologies. Think about what are the most basic, essential components of your idea, without which it means nothing to people. Understand how , when it is put into practice by people who have other hidden agendas it can manifest, change, ie: worst forms this idea had manifested, had been,in the history and why, and how to avoid that in your context.
Aleksandr Zherman-Smythe
Aleksandr Zherman-Smythe 2 ай бұрын
Such a great speaker - especially when it gets to CloudCapital near the end - but so fundamentally depressing. Makes me spiral into despair.
Gabriel Constantinides
Gabriel Constantinides 26 күн бұрын
1:04:56 I feel like there was a debt joke in there somewhere
Margaret Greenwood
Margaret Greenwood 2 ай бұрын
I’m 80 Yanis and grew up in the London Docks after the War. I was political from very young and have spent my life trying to find a socialist organisation I could really believe in. Still looking 👍
interesting Ай бұрын
'Peace talks, brought to you by Pfizer.'😉
William J McCartan
William J McCartan 2 ай бұрын
If the young lads behind the facilitator can't pay attention, their parents are definitely getting their money's worth.
TV Gerbil
TV Gerbil 2 ай бұрын
Varoufakis really needs to convince his own countrymen to vote for his economics.
Steve Lam
Steve Lam 2 ай бұрын
His own countrymen have had enough experience of him, thank you.
Zacharias Enislidis
Zacharias Enislidis 2 ай бұрын
No thanks
PABLO GATS 2 ай бұрын
Nope lol
McLovin 2 ай бұрын
@Steve Lam Experience based on EU enforced austerity. Greece would have been forced into bankruptcy by the EU and economic institutes. I believe what happened in Greece under Syriza(idk if i wrote it right) isn't their policy our believes but them getting into power in horrible times and having to enact policy that the EU pushed on Greece. Im not trying to make any moral judgements btw.
helenp7 2 ай бұрын
I am not sure why I hear so many negative comments about him in Greece. It must be to do with the media. A relative said "he closed the banks" whatever that meant. I agree with every single thing he says and I found this talk/conversation to be particularly illuminating. Well done on the Cambridge Union for asking unflinchingly honest questions.
Across the Realms
Across the Realms 2 ай бұрын
Your relative had it right. He was responsible for the worst financial crisis in Greece ever since the 50s. He is highly charismatic and that is being misinterpreted as being brilliant in economics. He is not. He proved that much.
helenp7 2 ай бұрын
@Across the Realms I can’t see the charisma. I can see facts evidence and argument though which for a lot of us go a lot further than charisma and sentiment. What he says and what he argues needs thorough research, knowledge and analysis. Not charisma. I don’t find his delivery particularly fetching but this doesn’t mean I can’t hear the facts, evidence, sequencing and argument. Not sure where charisma fits in to all this.
Across the Realms
Across the Realms 2 ай бұрын
@helenp7 it fits to the fact that people look up to him as a brilliant economist when he proved in practice thay he is not.
Law Lawyers Online Wd  Waseem Rajput
Law Lawyers Online Wd Waseem Rajput 2 ай бұрын
Masha Allah zaberdast
Blindstagehand 2 ай бұрын
57:57 ! Bandit was lying still like sleeping dogs lie you want to let when considering proverbs, when he poked his head up. Dalek: [sort of whispers as it clears a tray of glasses from the table next to the fire where Bandit was sleeping and quickly sluk off] Uh oh! Lord Vader quickly loaded a couple of half pairs of tennis ball into his gun and got ready, when Bandit moved he could go quick as a dart at what ever had spooked him. It was Grizzly Bear going mad over the ancient keys of his piano interface to Blindstagehand's youtube account. Something about deomcratising money! That's a start, finally waking up to the idea that money, not ballots, it the real unit of voting! Bandit [all care of the tardis babel fish of course]: in an economic society! Grizzly Bear scruffed the little dragonterrier's head. That's right, equality and diversity are both functions of wealth, in an economic society. Lord Vader watched Bandit getting excited so fired the gun in a flat a parabolic economic democracy down unconditional and conditional outcomes and Bandit leapt after them both simultaneously at the same time in a way which never failed to facinate Lord Vader who lovingly watched after. Rowly clicked in a better starting destination for the quote: 57:33 China has produced an economic model which generates wealth, allows value added to stay within the country, [Dalek: are you allowed an oxford comma in cambridge?] and theoretically could be democratised. The Crew claps a round of applause x That is pure genius! The questions on Techno Feudalism were good and when you think about money as the unit of voting, financial inequality is a direct measure of the state of our Democracy,.. it's rubbish, it is as Yan says it is, a wealthocracy, literally meaning ruled by the wealthy I guess, you'd probably use the greek work for wealth : ploutos? well there you have it, our democracy is a plutocracy! Because wealth is the unit of equality. Bandit: Wof: In an economic socitey x We have to make these people a proposition that is so fair and so unarguably reasonable that they cannot refuse it. That case is UBI. Unonditional Basic Income leads to a diverse parabolic democratic economy, but Conditional Basic Income can lead to a truly flat and equal economic society. It is a system of self governance that does not rely on AI, in fact I say let AI's take part, why not, and it is based on the central idea that money is just as valid a unit of democracy as ballots, and we probably need them both for a prosperous world for everyone. Is that a hard sell?
Tannhaeuser X
Tannhaeuser X 2 ай бұрын
There is an old saying, that Europe's past is Asia's future, meaning that Europe used to have balance of power politics that eventually blew up into major wars, but now Europe has finally achieved peace. Meanwhile Asia is on balance of power. The reality is that Europe's past is Europe's future. First the Balkan (again) and now the Russo-Ukrainian war. Meanwhile, Asia has been in peace since the Vietnam war (which involved the West) and a (very) brief Sino-Vietnam war.
Kah Ho Wong
Kah Ho Wong 2 ай бұрын
Brilliant analysis of Margret Thatcher's Ponzi Economy
AllAboutSpurs 2 ай бұрын
It's heartening to see that even these elite brats are on their bl00dy phones all the blooming time whatever is placed in front of them.
Greg Wang
Greg Wang 27 күн бұрын
Brit’s version of the subprime mortgage crisis brewing at the time of his “hot air” era!
Vassilios Parashidis
Vassilios Parashidis 2 ай бұрын
Super Professor and real politician
Chris Ramsbottom Isherwood
Chris Ramsbottom Isherwood Ай бұрын
Yanis’s analysis is on point. Unfortunately his solutions are not listened to…
james kristel
james kristel Ай бұрын
In short, what are some of his solutions?
Gabriel Constantinides
Gabriel Constantinides 27 күн бұрын
Gabriel Constantinides
Gabriel Constantinides 27 күн бұрын
@james kristel unfortunately 'solutions' is quite general; crizish did not seem to specify and he seems to have ignored your question too. If I were to try and give one example myself, it would be his response to the 'Greek debt' situation where he said (1:04:36) "the optimal strategy when you are digging a hole is to stop digging". I believe that this was his shortened version of his solution of 'accepting bankruptcy'. He expressed that Greece's solution (at least for much of the time) to dealing with its debt is (1:01:02) "extending and pretending" whereby to deal with your current debt, you take out more loans which you can't pay back thereby increasing your debt further. I personally think his idea of accepting bankruptcy and negotiating a way of paying it back makes a lot of sense. I find his request to (1:00:58) "write off the rest" (of the debt) to potentially be unfair as you are asking that the lender not expect to get their money back, though it was surely unfair of them to manipulate you into taking loan after loan in the first place. Maybe the moral is to never accept loans unless you are ultimately certain that you can pay it back. You wanted a short response, but I think that is part of the problem. I think that these topics require a lot of discussion I would have to watch the video again and listen out, but I don't know if he gave a solution to the Russia-Ukraine situation, though with this said, it would surely be extremely arrogant to give a solution with confidence. The whole situation is a mess and someone will have to pay for it, and people don't like paying for things if someone else could or should pay for them
Karl Young
Karl Young Ай бұрын
Good interview
Across the Realms
Across the Realms 2 ай бұрын
He is the best marxist economist in the world. Which is akin to being the best crystal healing doctor in the world.
Suren Maz
Suren Maz 2 ай бұрын
Fantastic question and answer at 38:45
Toi van Gelder
Toi van Gelder 2 ай бұрын
I don't agree. I think he got it wrong on this subject.
Farzana Mughal
Farzana Mughal 2 ай бұрын
@Toi van Gelder Why
Al j
Al j Ай бұрын
Great question and I agree with most of his reponse.
Gabriel Constantinides
Gabriel Constantinides 27 күн бұрын
@Toi van Gelder please give an explanation, otherwise I will not respect your disagreement
Eternalspring22 2 ай бұрын
Yanks!!! Thank you for the honesty. I believe there are ways to harness structurally the new capitalism, what did you call it? We need to invent New Democratic structures that themselves are cloud-native. God, would love to talk shop on that.
Karl D. Marx
Karl D. Marx 2 ай бұрын
Movie: Les invasions barbares - (quebecois, Denys Arcand) - Book: War with the Newts, Karel Capek.
Karl Young
Karl Young Ай бұрын
The question of who rules the world seems to be difficult question to answer or do we take a morsel of information from Winston Churchill as one of many lens to view a facet
uu2013 2 ай бұрын
Being a thinker is to live in chains
Fabio Levi
Fabio Levi 2 ай бұрын
Sadly, the example he gave on Hawai seems the present day example of the tech feudalism he foresees for the future.
Markos skače
Markos skače Ай бұрын
My only solution to the question at the end is that every individual will have to become - through the progress of science - many many times more powerful than today. If every individual would have at his disposal the power, that is wielded nowadays by states, it would lead to a very different world.
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