Yanis Varoufakis | Cambridge Union 

Says the Israeli 🤡

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

He has seen the dealing of the EU from the inside

if you could convert his intellect to capital, the Troika would be in debt to Greece

????? WTF ??? He was first a mathematician and then realized economics was basically low quality heuristics when looking at the dogma mathematical models used by economists. Heuristic means using a simple rule/model to solve a problem. I see Varoufakis as trying to apply more rigor to our poor economic models. I get now that his arguments are without model or theory, but his goal is to point out the problems of capitalism, not to solve it. We need people who can give us a framework and language, or meta language if you will, to discuss the tyranny of capitalist ideation and rumination.

@@ai_serf Why does everyone fancy themselves an armchair philosopher these days?

Heuristic doesn't mean what you think it does.

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.

@@pseudonayme7717 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.

He's a babbling buffoon. A narcissist and self proclaimed "erratic communist".

@@puretone4970 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.

@@redrev674 It seems you have zero understanding of how the EU works. Conspiracy theories don't help.

Ok, I'll think about it

@@alterego157 😂

More a kind of true snake oil salesman... It was "fantastic" how Yannis converted himself into media star advocating the greek EU funds embezzlement and fraud inventing and building up a sweet narrative of greek" victimisation"... through bad capitalism fairy tales so much appreciated by the forever la la land utopia lovers (and as proved it generates a good income for the Varoufakis of this world going around selling easy to sell theories around...)

yeye, he is the Chosen One

Must be German. In English, you don't capitalize nouns.

@@stevelam5898 chosen who??

@@elenif.vlachou9126 ΑΥΤΟΣ!! 1-0.

@@mariettestabel275 no foosball please, we r british

100% agreed, já agora és Português ou Brasileiro?

His opinions might be good enough within academia only. And even that is highly debatable too.

@@stevelam5898 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.

@@-TomT Does that make it less valid as leftist policy makers?

@@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.

There was a great deal of truth in criticisms of Corbyn, which is why under his leadership, Labour became unelectable.

But was completely ineffectual given that Corbyn was still expelled.

@@brianbozo2447 doesn't matter, fight for what is right

It is so important that this War is over or peace talks are made before the next American election, because if the Republican Party gets voted in, Russia will just take over and they’ll be world war three

Right ✅️

We are* take that you greedy capitalist

He isn't currently a minister, although he was greek minister of finance from 27 January 2015 - 6 July 2015.

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.

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?

Satanists poison and torture animals and humanbeings to death and caused extinction,psychiatrism is part of mafia and terrorists, warcriminels, rapists patriarchs terrorising the Just,fair sane and most intelligent,they are utmost injust, evil dangerous damagers and poisoners of nature and environment.

...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.

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?

@Sydney- tell me what is his message, his speech is very blurry/fuzzy to me!

@@Csio12 -so enthralled by this character, enumerate your merits!!!

Another "Glorious Revolution?" First the Germans, then the Dutch, now the Greeks. Makes sense.

Yea. A balding middle age white male leisurely 0:01 riding a “powerful” motorcycle. That is the state of the West.

Not confident he'd take the PM job!

facts

That's because the global south is even better than Greece at building up vast amounts of debt.

@@stevelam5898 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.

@@pwp8737 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.

@@pwp8737 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 😉.

And that is the EU in a nutshell.

@@pseudonayme7717 how is it? I don’t see it that way at all.

this is Singapore.

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 😢

@@pseudonayme7717 not EU, but corporate capitalism/globalists

I recommend to read his Book "Adults in the Room " Brilliant! Eye opener...

I read Technofeudalism recently and it was incredible. I think his analysis is spot on.

I agree, but that would involve sensible, grown-up leadership on our part, so it's doubtful.

Xi is a tyrant, and the wheels are beginning to come off.

@@MightyChoctaw 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.

An astute observation, one I wholeheartedly encourage to follow through on. Learn from the Chinese. Unfortunately the very idea that we could learn anything from the Chinese is clearly not something the Establishment can accept - "from the Chinese?" To the political class China is so abhorrent and the Chinese so vile that a lightning reflex action violently rejects rational thinking when it comes to China and the Chinese (pretend we're talking about Chinese government rather than Chinese people if you like, but the case of Christine Lee tells the Chinese community in the UK the real situation). When Covid hit Wuhan in late 2019 Chinese authorities quickly realised the elderly were at higher risk. Staff volunteered in nursing homes to remain at work and the homes were quarantined, staff and residents had no contact with others until the lockdown was lifted. If only we had had the humility to learn just that one lesson from China, how many thousands of lives could have been saved, how many grieving families spared. When our late Queen was Lying in State in Westminster Hall High Commissioners and Ambassadors often led small delegations from diplomatic missions. The short visits were planned and scheduled once a request had been received. Incredibly, the request from the Chinese Embassy for a delegation to pay their respects was refused - Westminster Hall is on the Parliamentary Estate and access controlled by the Speakers of the two Houses. China-haters petitioned the Speakers and the outrageous decision made. Our dear late Queen has spent her life not being political and irrational, nasty and petty politicians even use the Queen's passing as a stick to bash China. Seriously, how have we got to the situation where our politician's are weaponising the paying of respects to the dead! Can anyone imagine that the Queen would have wanted that? And if not for the late Queen, then who were the likes of Iain Duncan Smith acting for other than themselves - with such loathing for the Chinese, so vindictive and bereft of any dignity or compassion that they don't see their actions for what they were, mean, disrespectful, callous and shameful. To the Chinese, who place incredible importance to respecting the dead, the act can only have been seen as contemptible, inhumane to the point of barbaric. Way to go, politicians making a stand against the evil communists: I shake my head as I lower it in shame.

@@aclark903 People like you have been predicting the collapse of China for decades, while they quietly go about reshaping a rotten, corrupt, blood-thirsty western "rules based order", and lifting a quarter of humanity out of abject poverty without firing a single bullet or bombing a single hospital/wedding/innocent family. Maybe time to change the record?

I recommend to read his Book "Adults in the Room " That's a real Triller. 🤔 .

Agree .💯

The point with Yanis Wannafaxis is that he was part of a gov that coopeated with a ultra nationalistic party that is looked upon as a criminal organization now, and that he is ultrasocialist as long as his Greek fellow countrymen benefit from it, but that he cares a goddæm sh!t about poor people in other countries when it comes to justifying the parasitic mentality of the Greeks who did not even consider it necessary to pay their due taxes. Greek people have a nepotistic mentality, they are basically unable to organize the garbage collection, let alone to run a whole state. The word 'democracy' being Greek or not. Yanis Wannafaxis is a waffler and ballroom socialist.

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.

@@Kodopitharos 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.

@@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.

Corrupted media and mass uneducated people. Varoufakis was MF for 6 MONTHS and was accused of destroying greek economy , meanwhile the parties New Democracy alongside Pasok ruled greece the last 50 years (By the way New Democracy party owns 400 million euros). Keep in mind the last 3 years mainstream media took more than 80 millions due to covid just to "inform" the people and guess, those were our taxes. In Greece we dont have teachers/prof, philosophers, those are dead, now we have entrepreneurs, anchormen, big journalists to educate the masses. I do not vote anyone, i am not varoufakis supporter , but on the other hand i cant stand the ignorance of the uneducated mass

I don't agree. I think he got it wrong on this subject.

@@ToivanGelder Why

Great question and I agree with most of his reponse.

@@ToivanGelder please give an explanation, otherwise I will not respect your disagreement

How can you be right wing and anti-religion? One of the key reasons why I felt that I had no choice but to throw my weight behind the left is precisely because the right has been completely taken over by religious fanatics. In the US, in Turkey, Russia, India, and to a lesser extent Europe where it’s more subtle but you can still see elements of Christian nationalism.

Too bad, his views on China are aging like milk. He is naive about it, or blind on purpose.

Not exactly economic but Olufemi Taiwo is another favorite of mine.

if you also like being "abstract and academic" I have to always mention the late Graeber, for an Anthropology of Economics

@@gordusmaximus4990 In what way

@@gordusmaximus4990 he also doesn't get that what's left of Ukraine will only be a fraction of what it is currently.

He was the honorary technopeasant

@@user-fg3lt6mo7j no one has ever told me socialism is bad. The historic outcomes from attempts of it are not great tho. Whilst capitalism has brought the most people out of poverty, socialism seems to put people back into it. How's things in Venezuala at the moment? Don't tell me - they didn't get it right - but you and your mates are the ones which would...no thanks. Varoufakis' ideas are think-pieces. Anyone called to action by them would be delusional fanatics.

No point, Peterson is a nineteenth century ideologue, and a christian apologist with cargo cult tendencies. In Canada he backs the most slimey of our political class.

I thought this as well

As one of his country men who felt his "geniousness", I can assure you that he is on the same league with Liz Truss. He brought upon us a third MOU and added another 40billion to our debt! That is what he did! He is not even an economist. He teached math to an economic univercity! He is one of the most pompous persons on the planet

His own countrymen have had enough experience of him, thank you.

No thanks

Nope lol

@@stevelam5898 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.

In short, what are some of his solutions?

Yanalysis

@@lstoryrecords_ 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

Buy his book „another now“ for solutions

Amerika will never allow it and they are quite willing to sacrifice eu down to the last european. don't forget amerika's first no matter the cost.

There are now reports of Belt and Road programs showing they are poor value projects that have left the emerging countries with failed infrastructure and debt.

@@freebornjohn2687 oh really!! that must be from CNN. May be you should go with Build Back Better, ...oh wait, it doesn't exist yet. Good luck americans.

@@freebornjohn2687 according to CNN ??

@@sed9406 From the Financial Times and from an engineer I know who works on infrastructure projects. The projects have not been built to a high standard, I don't think it should come as a surprise.

And God bless us - because we are going to need this....

does Man United youtube ever interview Juergen Klopp?

Conventional mainstream media (like CNN, MSNBC etc.) no they havent. But "Democracy Now" has interviewed him a number of times. Its an online independent media.

Of course not

its funny how even when you're talking about apocalypctic scenarios you somehow manage to do it with wishful thinking and the assumption that everything will be fall into place by itself

Check the diem25 or progressive international chanel here on youtube maybe you find something

@@japiro14 Thanks, I already checked, but no.