Yanis Varoufakis on How Capitalism Works and How it Fails

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  • เผยแพร่เมื่อ 26 ม.ค. 2025

ความคิดเห็น • 41

  • @dasrapital7157
    @dasrapital7157 6 ปีที่แล้ว +32

    Just imagine if Yanis was your PM? So much intellect and compassion, and philosophy. These are the real constituent parts of great leaders and geniuses.

    • @howtoschizophrenia2606
      @howtoschizophrenia2606 3 ปีที่แล้ว +1

      Join Diem25 if you haven't already and or if you live in EU that is :D

    • @voulafisentzidis8830
      @voulafisentzidis8830 2 ปีที่แล้ว

      He's everything you've stated and more. His obvious integrity means he's too good to be a politician although we all need politicians who realise their roles are to serve the people for the good of their country. Most, regrettably, serve their own best interests.
      Dreams are free.

  • @reptarhouse
    @reptarhouse 6 ปีที่แล้ว +15

    I read the first two chapters of his new book the other day. It was excellent. I'm excited to read the rest.

  • @celestialteapot3310
    @celestialteapot3310 6 ปีที่แล้ว +52

    Imagine Yanis in debate with Theresa May, the gap in intellect is embarassing.

    • @marconatrix
      @marconatrix 6 ปีที่แล้ว

      Ouch! :-)

    • @donaldderp1602
      @donaldderp1602 6 ปีที่แล้ว +3

      It would never ever be allowed by her sponsors.

  • @BaneTrogdor
    @BaneTrogdor 6 ปีที่แล้ว +9

    Yanis , the light at the end of the tunnel !

    • @howtoschizophrenia2606
      @howtoschizophrenia2606 3 ปีที่แล้ว

      Don't worship him like some savior, he is a good man, and a smart guy, but he is not a savior.

    • @voulafisentzidis8830
      @voulafisentzidis8830 2 ปีที่แล้ว

      @@howtoschizophrenia2606 his fans know he's not a god. He is, however, a rare human being.

  • @vinm300
    @vinm300 6 ปีที่แล้ว +5

    At Breton Woods (1944) Maynard Keynes suggested countries running a
    surplus should have a limited time to spend it in countries running a deficit.
    In the same way that US grid-iron football teams pick new athletes : the teams
    at the bottom get first pick.

    • @mitchclark1532
      @mitchclark1532 4 ปีที่แล้ว +1

      Of course the capitalists would never willingly go along with such a stable, relatively equitable economic model. That's one of the main contradictions of capitalism: no matter how it could or should work in theory, if the capitalists have ultimate power, they will always use it to maximize their advantages at the expense of everyone else. They won't allow a system of natural wealth distribution that spreads resources to where we need them to go, because it's much more profitable for them to be able to pull the levers of power on a whim. If the capitalists were focused more on long-term stability and less on short-term profits, they would strongly support stuff like Breton Woods and the New Deal.

  • @jvalin
    @jvalin 6 ปีที่แล้ว +7

    2:42 How would a society without money work?
    Well, let's say I'm an elementary school teacher. I go to my workplace and teach for free, but at the same time I go to the bakery shop and take bred/whatever free of charge, I go to the grocery shop and take vegetables/whatever free of charge, I get access to the public transportation system free of charge, I get access to the healthcare system free of charge and so forth and so on... It's as simple as that.
    Obviously, the banks and the multinational corporations all around the world will never favor such a radical change. To put it another way, if they do they will cease to exist.

    • @visheshdeep9
      @visheshdeep9 9 หลายเดือนก่อน

      This is literally what Marxism was all about. Goddamn, that's the same thing I always thought. "From Each according to his abilities, To Each according to his needs." It solves the problem of SUSTAINABLE DEVELOPMENT like it's nothing, while you can have thousands of UN Missions for it and Global conferences, but none can provide a Once and for all Solution.
      Marxism was actually never meant for a State like Economy, with No Interaction to the External World.
      I mean, imagine when Slavery-Feudalism-Capitalism arrived for the first time, and they had to restrict them in a single nation or Continent, it would've showed signs early.
      And the idea of Communism is so simple and decent to work upon, A person who wants to study would need a Library, a A football player would need a football field, football, and football kit, A Tennis player would need something, and the list goes on.
      and like Newton and Einstein's discoveries, Marx's discovery was also the greatest contribution in the field of Economics and Political System... but they denied it, by showing that Marxists are the bad guys.
      It's actually not to say that the System proposed by Marx is the perfect but the thing is you have to start from knowing and accepting that Capitalism is the Evil and unscientific system... then we can continue with what is a better one... instead of making debate of Communism vs Capitalism... we should be thinking that Capitalism is wrong and what's next!
      Just like in the Scientific community, the way they disagree and form a bigger circle, by agreeing to whatever was previously correct, and finding the correct Theory which is having even broader scope, we can do that in Economic theory too. This policy making and Financing stupidity all Life and centuries long, the countries who slaved and looted other countries for over a century and many decades, who owe reparations, provide loans, which are never repayable, there's no end to the bullshitery of this stupid system.
      I hope by the start of a Half Century, the situations and mental level of people would rise, so that this con system can be overthrown.

  • @GBHForumNetwork
    @GBHForumNetwork  6 ปีที่แล้ว

    See also: the public address we recorded with Varoufakis at the Cambridge Forum: forum-network.org/lectures/yanis-varoufakis-how-capitalism-fails/

  • @yoonski6510
    @yoonski6510 6 ปีที่แล้ว +4

    Great interview.

  • @shimoneliezer2384
    @shimoneliezer2384 3 ปีที่แล้ว +2

    The example brought, people in the first half of the nineteenth century who thought ending slavery that people didn’t believe in, but finally happened, is not a strong proof believing in a world without money, will finally also come. “Believe” is not enough. Also the most pure explanation of Marx’ his ideas. Money, transactions is not the problem but the moral of mankind and this in all -issms is proven to be not feasible. Now the bigtech are the slave owners manipulating governments. Greed, jealousy, manipulation, envy, power… are human characteristics and will not vanish unless the moral of mankind changes. It is almost utopian but can be reached if all are in a pit or on top of a mountain.

  •  6 ปีที่แล้ว +5

    Sad that the reporter has an agenda, and isnt just interviewing. But Yanis is just as brilliant as always.

  • @nekotamo5154
    @nekotamo5154 6 ปีที่แล้ว +10

    I like most of what he says but I think you can't ignore nationalism. In fact you have to work with nationalism since it is the only force capable of taking down this neoliberal hegemony we are saddled with. The perfect world is a collage of cultures not a bland mix of all of them everywhere.

    • @nekotamo5154
      @nekotamo5154 6 ปีที่แล้ว +1

      +Orange Hitler Not sure if trolling. Nationalism is not fascism, and you'd get punched for saying that in Serbia or Russia and some other parts of Eastern Europe too. Just because you love your own country more does not mean you hate others.

    • @nekotamo5154
      @nekotamo5154 6 ปีที่แล้ว +1

      Nations turning on each other would be bad but why do that when the enemy is globalism? And I don't mean in the sense of global cooperation but neoliberal politicians and businessmen who are ruining the world. Nationalism is the one force that can wake people up from their media and consumerism induced catatonia. What other force within the world has the vitality to shrug off global capitalism? So you can hold onto a kumbaya we all join hands pipedream or work with what is real. Whenever people tried to eliminate nationalism from the top down it ended up in tragedy. European Union was a good step at first, a voluntary and slow merging of nations into a single family but they moved too fast and lo and behold it is breaking up. You can't take the tribe out of people easily nor is that a good thing because culture matters. You have to work with nationalism and incorporate it as a step to human unification. People make families, those make neighborhoods/villages, those make cities and regions, those make nations and those will one day hopefully make a prosperous and unified human civilization. But you can't take away people's sense of belonging, it matters a lot even if in your utopia it doesn't.
      And that is why nationalism is not fascism but a crucial component of the coming revolution.

    • @nekotamo5154
      @nekotamo5154 6 ปีที่แล้ว +1

      You are vastly overestimating how bad climate change will be. It will just make things slightly shittier worldwide but provided that the instability and fear over those changes do not kick off a massive war it will not impact humanity too much, definitely no where near extinction risk. So you can relax a bit I guess :P
      Anyway I've said all I have and so have you and unless something relevant is said I am done with this.

  • @pedrothewise2584
    @pedrothewise2584 2 ปีที่แล้ว

    Yanis is talking total sense. He has an accurate view of how things are and how it came to be and where the human race as a whole needs to be.

  • @frenchfree
    @frenchfree 6 ปีที่แล้ว +8

    I would love to hear Yanis speak on the philosophy of Ann Rand. I believe he will become even more important politically in Europe

    • @mrtrashcompaktor1540
      @mrtrashcompaktor1540 6 ปีที่แล้ว +8

      Ann...Ayn's lesser known sister ? At least she was not such a laughing stock as Ayn....

  • @kingrussell3944
    @kingrussell3944 5 ปีที่แล้ว

    Its not Capitalism any more and free market. its statism by creditism wich destroyes Saving and invetsting (two pilar of capitalism)

  • @erikl3508
    @erikl3508 6 ปีที่แล้ว +3

    Varoufakis is the correct spelling