Yanis Varoufakis: The Global Minotaur: America, Europe and the Future of the Global Economy
ฝัง
- เผยแพร่เมื่อ 6 ก.พ. 2025
- 6th Subversive festival
15/05/2013, 18h, cinema Europa, Hall Müller, Zagreb, Croatia
Yanis Varoufakis: The Global Minotaur: America, Europe and the Future of the Global Economy (book promotion)
Q&A: Marko Kostanić
Yanis Varoufakis: "The Global Minotaur: America, Europe and the Future of the Global Economy" (Zed Books, London, 2013)
In this remarkable and provocative book, Yanis Varoufakis explodes the myth that financialisation, ineffectual regulation of banks, greed and globalisation were the root causes of the global economic crisis. Rather, they are symptoms of a much deeper malaise which can be traced all the way back to the Great Crash of 1929, then on through the 1970s: the time when a 'Global Minotaur' was born. Just as the Athenians maintained a steady flow of tributes to the Cretan beast, so the 'rest of the world' began sending incredible amounts of capital to America and Wall Street. Thus, the Global Minotaur became the 'engine' that pulled the world economy from the early 1980s to 2008.
Yanis Varoufakis
Political economist and a professor at the University of Texas, Austin. After training in mathematics and statistics, Varoufakis received his economics doctorate in 1987 at the University of Essex. Before that he has allready began teaching economics and econometrics at the University of Essex and the University of East Anglia. From 1989 until 2000 he taught as Senior Lecturer in Economics at the Department of Economics of the University of Sydney. In 2000 he moved to his native Greece where he was Professor of Economic Theory at the University of Athens. He is an active participant in the current debates on the global and European crisis and the author of The Global Minotaur: America, the True Origins of the Financial Crisis and the Future of the World Economy (2011).
You can find other recordings of talks by Varoufakis from the 2013 Zagreb visit here:
keynote "Confessions of an Erratic Marxist": • Yanis Varoufakis: Conf...
interview "All the good stuff that cannot be measured": • Yanis Varoufakis: All ...
roundtable "Utopia of the EU" with Susan George and Franco Beradi Bifo: • The Utopia of the EU /...
![Global Capitalism: The Changing World Economy [May 2023]](/img/n.gif)
Remarkable insight into the intentional design and obstacles faced in the evolution of the international political economy since WWII. Yanis Varoufakis is not just an outstanding academic but one who has worked inside the highest levels of national and global finance, reporting what is rarely disclosed by those who subscribe to the silence code. A highly credible resource for those interested in actual learning about the world or context in which we all live everyday...
varoufakis is awesome
Xrysa Zotali He is an awesome liar.
ειμαι σιγουρος οτι ησουν ρουβιτσα πριν 5-10 χρονια και σημερα μπαρουφιτσα.προσεξε το γιατι και τα δυο την ιδια μαλακυνση προκαλουν στον εγκεφαλο.
ANDREAS POL ωραιο επιπεδο επιχειρηματολογιας φιλε.. θα πας μπροστα!
republic19xy Ομολογω οτι προβληματιστηκα αν πρεπει να σου απαντησω σοβαρα η οχι.μετα ομως σκεφτηκα οτι μαλλον κανεις και συ πλακα. Εκτος αν το varoufakis is awesome ειναι σοβαρο επιχειρημα-γνωμη για σενα.Σε αυτη την περιπτωση να προσεχεις και εσυ την ιδια ασθενεια με την μπαρουφιτσα παραπανω.
ANDREAS POL δεν απευθυνθηκα στο σχολιο της προλαλησασας ούτε με απασχόλησε. Ο κύριος με τη φαλακρα ούτε συμπαθης μου ειναι ούτε υποστηριζω το κομμα του. Παρ' όλα αυτά βρισκω το σχολιο σου τραγελαφικό, ασκοπα προσβλητικο και ντροπιαστικο για σενα και την νουμοσηνη σου. οσο για την "ασθενεια" που λες ευτυχως που πλησιαζει το πτυχιο μου της ιατρικης και θα ειμαι προετοιμασμενη για καθε ενδεχομενο.
Dear audience,
We will try to respond to the most frequent speculations regarding the authenticity of this video in order to give you and us some peace from conspiracy theories. Apologies for the lack of response so far - it's been a hectic few media days.
1) This is the original, undoctored, unmanipulated recording of Yanis Varoufakis's book presentation from May 15th 2013 in Zagreb, Croatia, that took place during the Subversive festival.
2) Neither Jan Böhmermann nor anyone from Neo Magazin Royale participated in the recording, editing or uploading of this video to this channel, and we never collaborated on a common project.
3) This video was uploaded in 2015 because we didn't have funds/time to do it in 2013. We filmed all of Varoufakis's appearances at the festival but had to choose which to edit and publish. We edited his "Confessions of an Erratic Marxist" keynote lecture and his round-table with Susan George and Franco Berardi Bifo. Syriza's election victory prompted interest for the rest of the recordings, so we put some time into editing the book presentation and interview also. We are a small, almost skeleton crew of non-funded/under-funded volunteers. Please send money.
4) The red flashes in the video are due to the poor state of our recording equipment. They can be found in other recordings on our channel, such as this lecture by David Morley from Subversive 2014, which was uploaded on 14th July 2014: th-cam.com/video/8GFpYrZBwDI/w-d-xo.html e.g. at timeframe 00:08:00-00:08:10
5) We publish recordings from different events and manifestations, not just Subversive festival, and there are other unpublished recordings in our archive dating back to 2009 - some will be published. We are not the official youtube channel of the Subversive festival, we are their media partner. The official Subversive festival channel is here: th-cam.com/channels/BKNt7cUsrLAZCC_QJ0TIAQ.html
So now that we've covered these really important issues, maybe we can focus some attention to what the lecture is actually about, and try to grapple with the implications of that.
Best,
Editorial board @ Slobodni Filozofski / SkriptaTV
Ok now only one more question:
"The Guardian" interviewed Martin Beros a few days ago, who is supposedly the camera man for Skripta TV (Link: www.theguardian.com/world/video/2015/mar/17/yanis-varoufakis-middle-finger-video-greece). Is this correct? Is he the one who filmed this video for you? And if yes, why is he mentioning Jan Böhmermann at the end (in a somewhat strange way)? Is it because of the "V for Varoufakis" music video? If so, how did you find out about that if you have never had contact with NEO Magazin Royale?
Thanks for bringing a little light in this "mess".....Germany was going nuts the last 24 hours ^^
SkriptaTV only when you upload the original uncut footage we will have some answers. TH-cam video does not prove anything conclusive. If I was Varoufakis I would sue you for tampering.
liars you should be ashamed
Christian
I guess this is already answered by the timeline - the source video from SkriptaTV was published on February 12, and the "V for Varoufakis" music video from NEO MAGAZIN ROYALE followed on February, 25, wherein some thin pale kid purposely took that gesture out of context. The Guardian Interview dates March, 17, two days after the infamous Jauch-Show aired. One day later, the hashtag #varoufake was created, when Böhmermann claimed for the first time that he doctored the finger into video. So while Jauch and his Team actually might have picked up on that gesture through "V for Varoufakis", they decided to take it out of context as well, concentrated on that gesture, blew it up in size and scandalize it a bit by creating a huge national offense. You could say they threw the public a bone, which the usual junk yard dogs from the german right-winger BILD-Newspaper gleefully gnawed on, and Marin Breos from SkriptaTV calls them out for this in his Guradian interview, essentially saying "there's a huge difference, if a funny music video by a cheap satirist like Jan B. (who can't even drive a longboard!) takes something out of context, of if it's some supposedly political major prime time celebrity talk show host like Jauch, who makes it look like complex political themes could be reduced to sensationalism, gestures and posturing"... and well, I think he has made a good point there. Also, the "strange way" in which Breos mentions Böhmermann is probably only due to spelling difficulties, i.e. the pronounciation of a german name with an "Umlaut" in it. Not easy for a foreigner, y'know? :P
PS: ... und außerdem, ich traue meinem Böhmi ja einiges zu, aber dass er nicht nur die ganze Skandalisierung durch Jauch geplant, sondern sie auch von langer Hand vorbereitet haben soll, indem er dafür sogar dieses Video hier in Zusammenarbeit mit SkriptaTV gefälscht hat, nur um nach seinem Fake-Fake hinterher noch einen Fake-Fake-Fake abzufeuern... nee, ich rufe Bullenscheiße. ^^
SkriptaTV INDEED. I wish people would actually watch and involve themselves with the information. Instead of focusing on a media FOCUSED finger... LOL. If you don't understand some parts, feel free to pause the video, as I did, google, and resume. Let me tell you, it will feed your brain with thought.
40:25 Is the time moment Varoufakis sticks the finger to Germany.
I'm proud of Varoufakis like most of Greeks.
Varoufakis is a man of the people and speaks the truth. Viva Greece, Viva Varoufakis. Down with Berlin!
Holy shit. This video has been on my "Watch later" playlist for 8 years. Finally I can check it as watched!
I miss seeing Yannis in the headlines. He kept his principles instead of the power.
well the truth is ...its not about him showing his finger...its what he has to say and what i heard is...that it is the truth he tells. So good luck Mr.Varoufakis from germany ....me as a german has to accept this policy as your citizens in greece have to...but there are many people all over the globe which agree with your statements and explanations. if i have the money i will buy your book ;)
A great explanation of the post-1945 global capitalism and the causes of the 2008 crisis. Really eye-opening. In light of this explanation, it is understandable why Varoufakis is so critical of the inept measures taken by the EU in response to the crisis.
I really loved your channel Mrnes :) nice
If you are watching the famous finger szene after 40:10, also watch this here: th-cam.com/video/Vx-1LQu6mAE/w-d-xo.html
Wow, he says Germany more likely to drop euro currency than Greece. Is that true?
Michael Tufekci Yes. We have that AfD party, which seriously wants to get out of the Euro. They are at about 6%. That is the support in Germany to get out of the Euro. The support in Greece to get out of the Euro is 0%.
Would inflation be helpful for Greece?
Michael Tufekci No. Debtees will adjust the interest rates so that they get more money back even including inflation. And they will start to insist in stable money for the debts, like dollars or whatsoever. E.g. in 1923, when Germany hat its hyperinflation, the war debt wasn't inflated away, because it was in gold, not in Reichsmark. One big part of the reason, why Greek has such a high debt is accumulated δραχμή debt before the Euro; the drachme had its inflation times.
I think one fundamental economic principle has to be understood by every debtee: To get your money back, your debtor needs economic power. In Germany, we say "seize the pocket of a naked man": it's obvious that you can't do it.
Varoufakis is someone with greater skills in economy than I have, and his plan makes sense: The first you do is to freeze all the debt. It is not served, it is not payed back now, no new obligations, no interest rates. That's the first step, with the negative interest rates of the ECB now, zero is already a good interest rate ;-).
The next step is a plan how to get the economy in Greek up again. If that works, you can start making a plan for how to pay back that money. I.e. you set a threshold of Greeks economic power, and when Greek surpasses that, it can start paying back. The payback has to be limited relative to the BIP, you can't ask too much.
And realistically, most of the Greek debt is just gone, it has to be written off. In 1953, West Germany negotiated a good deal about its war debts. That was a deal like that. And when we finally got a peace treaty in 1990, the 2+4 treaty, it wasn't called "peace treaty" to slip it through, because it contained that no reparation will be paid, either.
We are the biggest debtee and the biggest deptor in Europe. But we managed to get rid of the biggest part of our debt, by showing others the finger.
Interesting. Well it does seem like there is some renewed energy to make positive steps for regular folks there. Though kicking the can down the road (american expression for delay tactic) seems to be the modus operandi.
why have you uploaded the video 2 years after the event just 2 weeks prior the v for varoufakis video by Jan Boehmerman and why are there those strange red frames at 40:11? #varoufake
could it be that the video was uploaded 2 years after the event because some days before Varoufakis has become finance minister? So suddenly it was more interesting what he had to say.
bravo yanis!
Good info
A little thought.. Why is this video upload date Feb 12 2015 and the rest of the videos from the conference are from 2014?
40:09 - 40:11 a magical red frame appears :O
It would be Nice to have subtitles...
THIS IS OUR HEROOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO
Downloads to offline is failing when iPad goes to sleep. There should be a mechanism which can re-start downloads automatically when the iPad is reconnected to the Internet
Guys, your former minister is amazing. Rly like him. Greetings from Russia.
That middle finger is sooo much taken out of context. I hate politics and media. Why do they always create such a fuzz around dirt they are trying to find to damage one politician instead of pursuing proper argumentation?
the finger is not taken out of context its in fact an elaborate hoax.
Even worse: It was faked by a German TV show :DDD They just releast it. 10/10
***** Think about it. If you can fake the fake like this, you can easily fake the original as well. But impossible is nothing.
***** But why would there be that red screen between 40:07 and 40:13, for half a second? That´s too much coincidence for not beeing planted
HolyNarz why should this video right here beeing faked if Varoufakis is posting it naming it the original record himself? :D
There is a red Cut on 40:22 - why?
I Can't understand perfectly :( I'm spanish speaker. Would anybody mind telling me a summary of what he says? If somebady did, I would be actually grateful. I read a chapter of "The global Minotaur" but I wish I could know what Varoufakis says about his book. Thank you :)
el global minotaur es una analogia para el sistema financiero global que consume pueblos enteros
His argument makes a lot of sense and is highly plausible.
40:10 red screen? manipulated video?
You are fire
So this was doctored by Jan Böhmermann? Cause damn, it looks completely seamless at the 40:30 mark.
I would like to hear from him the explanation for the growth of South Korea.
I cant figure out who are you talking to Nausika?
Well, Varoufakis tweeted this video with the comment: "And here is the 'undoctored' by the unscrupulous media's video"
but at 40:30 you see the finger. Is it the fake one and he did not check before tweeting or what? Or did he gave the finger and is lying? I am confused.....
what else should the sentence: "stick the finger to Germany" mean, as stick the finger to Germany?
Veröffentlicht am 12.02.15..was war da denn los, Herr Böhmermann?
“cross-currency swap”-a complicated transaction in which Greece’s foreign-currency debt was converted into a domestic-currency obligation using a fictitious market exchange rate.
How is this possible...????
It's really weird to see how one is judging the finacial system as if he knew exclusively how things are working... especially him concerning the current situation in greece. "Building bubbles" might be a fact, but thats exactly what SYRIZA is trying so hard today to get the money from EU.
40:30 this is why you are here
He did not need to tweet this video as the original. I think he didn't even check if it was the real one or not.
The YES vote in Greek referendum will prevail tomorrow Jul. 5, 2015.
What the hell is going on with the sound ??
Sooooo....the video that we saw in the German TV was indeed authentic and in 40:32 we can admire our coward and lier mininster showing the finger to the nation that has nothing to do with our debt. Another reason not to be proud for out nation and our politicians.
Christos ok, now you got your congratulations. Keep believing in BILD and Günther Jauch, they are more trustworthy than our Greek liar and and coward minister. After all a Greek is always worse than a german, even if we talk about corrupted media. Cheers and thanks to Neo Magazin, they did a great job!
this video is fake that tv show in Germany made it and worked with the festival in Croatia to upload this...look at the date of uploading youtube doesn't lie..the festival was 2 YEARS ago but the video was only uploaded a month ago
*****
The video is NOT faked. The fake is a a lie! :D You all got trolled heavily by Jan Böhmermann.
Hey thats totally true :D
chemgreec could it be that the video was uploaded 2 years after the event because some days before Varoufakis has become finance minister? So suddenly it was more interesting what he had to say. Wouldn't that be a more reasonable explanation?
40:31 and stick the finger to Germany, and say 'well, you can now solve this problem for yourself'. Right?
Now we know why the left hand of Aphrodite missing ... there was definitely the microphone!
He SAID "and stick the finger to Germany". Or are we now claiming his words are also fake? It has not been taken out of context. He explicitly expresses his antagonism towards Germany. The "finger" didn't need to be faked.
which language is that?
Yanis, you really need to get a shortened message to promote. Your message is very academic and detailed, with lots of justification - all good, but gotta be a bit snappier - under 90 seconds!! We're not all acedemic scholars
No, reducing topics to "under 90 seconds" lowest common denominator is one of the causes nobody understands anything anymore - because they don't care if it demands even the slightest bit of work to understand it.
rhizin1 I hear you and of course, ideally thats the way to treat important subjects, however any PR person will tell you to engage the public you need to have " a message" and even better "a snapline" and that's what's missing. Most will not sit through the whole lecture - his diatribe is for students of the subject, not the public. Sorry, but tl;dr
Well I think it depends on the audience.
Varoufakis middle finger to Germany
th-cam.com/video/MEUWxNifJJ8/w-d-xo.htmlm30s
indeed
at 40:32
According to Varoufakis the middlefinger is faked.
If that was true, that would be a perfect job.
But he doesn't admit to it although it's beyond obvious.
Yanis Varoufakis: Yet another politician - it took only a month.
Infest90 he was making a point it was not an insult to Germany. You would know that if you actually took the time to watch from 38:00 to let's say 43:00.
***** Mr. V said that the middlefinger was faked. In this case it does not matter how the middlefinger was meant.
which minute?
I also think its a Fake! like some others already noticed is there a BREAK in the Video at 40:10 it looks like some kind of cut.
Ah and btw. Even if he used his middle finger ... so what?
I believe the video is fake.However even if its not he had all the rights to do so.
40:21 you see the red screen? prove that the video is fake after that?
where is middel-finger?
Jan böhmerman the best man for simply everything
This guy looks so happy like he won a kind of prize....!!!!!????
Mi pare che Varoufakis abbia fatto una inversione a U con la BCE e la EU da quando ha pronunciato questi discorsi... diamo tempo al tempo e vedremo i risultati.
Stick the finger: 40:30
what was that @ 39.00 ?
I smell a fake Finger.....
berto1999 molto interessante, berto
Check at 40:13. What is Varoufakis even yelling at?? Saying the video was 'doctored'... there was nothing doctored at all and even if taken a little bit out of context, this doesn't change anything about the fakt he and his little middlefingery friend had their appearance just right there.
Bosshaft
No i m talking about varoufakis,because he tallks one thing and signs the complete opposite. Search it a bit deeper what these people are up to!!
roughly starting from 40:30: th-cam.com/video/MEUWxNifJJ8/w-d-xo.htmlm30s
He showing you the moon and you are starring at his finger...
...which also happens to be his middle one in this particular occasion.
It's strange that a (soon-to-be) minister of finance shows the finger to the country that pays the most money of all to help greece. It's also strange that many like that shabby behavior.
Omg the introduction start is so unproffesional, why even take the time to listen to the rest.
Jasper Spierings Because Yiannis sorts out his thoughts, and gives a nice speech, the interviewer is terrible.
Yani did not see that by entering the EU prices,expenses,wages has to go up which was a big suicide for Greece because not only was going to lose its wealth but borrow euro which was money from outsider printed,controlled,given with big interests...so yani is blind
Study on the way Greece entered the eurozone...
he clearly said he was opposed to the euro.
That's the point! The Euro can be good at first for a country, but if you don't have a specific amount of exporting goods and technologie you can aswell easily begin to suffer..
backyard affair Ok, before you all post what's correct and I totally agree with everything you say, check the way Greece entered the eurozone... The fake documents, etc. It's all about corrupted politicians. Greece didn't enter eurozone with proper "papers". I mean, they said we had the "power" to enter the eurozone. But it's all fake. The only mistake we did, is that we trusted these politicians. And the way the society engulfed the same bad behaviour. By that, I mean, voting a party, only to get a job in the services of general interest.
Diddly Do I totally agree. It was the fault of the politicians. The sad thing is that the greek people have to take the consequences.
After listening to the complete speech of Varoufakis I find it kind of funny and, yes, dishonest, that he never touches on the real root cause of the Greek problem and the coming financial disaster that the whole world will face soon. Yes, one guy in the audience was touching on the Austrian economic point of view which provides a good explanation gor the ongoing financial mess, maybe Varoufakis doesn't know the "Austrian" economics, but he could also have listened to Voltaire, who said long time ago: “Paper money eventually returns to its intrinsic value - zero.” (Voltaire, 1694-1778) Often Rather Quickly./Unbacked FIAT paper money is the problem, Mr. Varoufakis. And this nowadays is created by a private institution called FED that spreads it's worthless sheets of paper around the world collecting interest for it. Is that a fair model of creating our, i.e. the people's money?
40:31 is the infamous "Finger to Germany"
Skripta TV You do know that Varoufakis claimed last night that this video is doctored.
Yanis should talk to Jackie Mason :)
heppa!
Aha, so that's why he had to go: he understands the nature of the beast and was drawing too much attention to it.
4 a mondial fixed monitary mesure .. just like the meter .. or the second
The Finger at 40:31
What dids Yanis Varoufakis mean by 'here is the undoctored video'? twitter.com/yanisvaroufakis/status/577598813050929153
"We are a small, almost skeleton crew of non-funded/under-funded volunteers. Please send money." :D That's it. Definitely.
Why is Nuland's "Fuck the EU!" not discussed exactly?
Even if it is real.......
He didn't say he will stick his finger, it was HYPOTHETICAL!
And even if it wasn't, WHO CARES?
bb
The point is that if you listen to the whole argument, it is not insulting anyone. The gesture is not what's important! So yes when you cut things to change the meaning it is a fake video, and if they ask you did you stick the finger to Germany the answer should be no
sunday he gave an interview in a german tv show and they showed the clip (around min 40) where he showed his middle finger to germany. i really don`t have a problem with people having different opinions. and by the way, i also don`t think that all german or all greek have the same opinion - at least, as a german, i can say: we don`t. if we want to live in europe in peace we need to learn to accept different opinions and to tolerate it.
what i really have a problem with, is, that Mr. Varoufakis immediatley said that this clip was made up. after watching this video, i don`t believe him. poor move, i think. instead he just should have explained, why he acted this way. we are all human and sometimes we do things we later regret (or not).
They are paving the out of the Euro-zone. Good bye Greece. Wish you well on the Peloponnese.
Looking for mintute 40 and 30 sec?
Even as a german I understand, that he wasnt talking about the money Germany lent to Greece long after this speech.
Yet, if he only could "stick the finger" to Germany, he would do so..
~ Well, luckily we got them tied up with our €- finance system and dont let 'em get back to the "drachm" ~
He should just have confessed to have showed the finger, because now people have a very unclear image of this whole affair. Jeez, it was just a finger...
at minute 40:30 Varoufakis shows the finger to Germany...
quote:
My proposal was that Greece should simply announce that it is defaulting - just like Argentina did - , within the Euro, in January 2010, and stick the finger to Germany and say: „Well, you can now solve this problem by yourself"
THE MIDDEL FINGER IS OLD AND OUT OF CONTEXT. GÜNTER JAUCH USE IT SNEAKY!!
yeah, he should really have showed the whole 57 minutes and killed the audience by boredom
Don't worry Varoufakis;.. in Germany, with this gesture shown to the german PEOPLE publicy!,.. a guy tries to become the - German Chancellor - . ;-)
Greets
40:30
middle finger to Germany
stick the finger to Germany: 40:30 - definitely not a fake
Why he lied then about the middle finger on German TV show ? It was not even so bad then in the context and he wasn't a minister back then he should have stick to it if it is true. He said it was faked. Well, maybe.
Entspannt euch mal alle wieder.....
Schaut lieber die #CheckerBB da wird euch geholfen !!!!!!!
after the first world war! the american military industrial complex was born !
Bruh I was searching for mobile legends global Minotaur game play then I came here.
You can see some guy's middle finger at 40:31.
There is more and as Nov 3, 2015. Merkel your days are numbered.
_Missing Link to Yanis Varoufakis- KenFM-Interview von Dirk PohlMann_
See this on TH-cam.
SO funny that it is in fact a fake! Even more shame for german newspapers for trying to blame Varoufakis for "showing a middle finger", instead of discussing his theories...
40´25" Varoufakis´ finger against Germany. And he said on the German TV this is a fake video. LIER !!!!!
привет
The worst of the worst....
Apparently the finger IS doctored. At least that's what a german parody TV-Show claims to have done. Great.
Now that i see the actual video i have to say i feel ashamed,of the german,reaction. And i am german! I mean like yeah who cares. That was before his role as a minister and he promoted his book. Also i can understand that the greeks are no fans of us. But what the fuck? Should now every greek hold back his criticism just because it could be that in 5-50 years he could have a polotical role?
Yanis, a tip to get some money in: LEGALIZE IT !
The greek inception.
40:30
Ohh Yes I saw the Finger !!!! LOL