Yanis Varoufakis | Full Address & Q&A | Oxford Union
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Yanis Varoufakis is an academic economist who was a member of the Greek parliament between January and September 2015. He represented the ruling Syriza party and held the position of Minister of Finance for seven months.
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What an utter fucking dude. Pragmatic, intellectual and a fierce orator. This is the sort of people we need running countries.
@@kokomanation What do you mean by he manipulates well? In what way malaka?
Yianis is amazing. I love listening to his Diem29 talks.
He supports minimum income. I am an instant fan. Also, great to see Greek thinkers getting the respect they have always deserved.
"If you torture the mathematics, it will confess." Well put.
A politician who would rather resign than go against his principles. A rare specimen indeed.
Dream on; he ran away instead of helping his country.
@@melvynobrien6193 His is helping is his own way. The others who stayed though....
@@melvynobrien6193 he didn't ran away...they actually fired him...and he was the only one out of 300 in the parliament that wanted to help Greece!
It's because he basically isn't a politician, he's an economist who was drafted in to a government post by Syriza because he knew the economics necessary to take the stance they wanted. As he pointed out anyone who really wants to hold political power should be the first to be disqualified.
@@melvynobrien6193 His alternative was to literally sign away his countries sovereignty to a foreign power...
The resentment is some of the questions is great and his responses are even better. What sort of university produces a majority of neoliberal kids and minuscule number of free thinkers.
That would be the elitist Oxford university. Their families may have lots of money, the students themselves may be extremely academic, but unfortunately money and academia doesn't go hand-in-hand with free-thinking and common sense. I've encountered this on many occasions in my life where I meet someone who is supremely intelligent on paper, but they are completely socially inept and have no means of analysing the world in a way that they haven't learned in a textbook.
+weetedwubywamb and it is these people who ultimately run the country.
A university that lives under a society under deep financial control.
It's like asking why would a university produce a lot of communists in the Soviet Union.
Actually, Universities did not produce a lot of Communist in the Soviet Union. Actually, very few scientists were a member of communist party, by mutual understanding. (I have to admit not before about 1960th). You see after declaring and destroying Russian computer science and Genetic as Capitalist science, power understand that it needs some degree of academic freedom. So, in my time so long as you do not publicly criticise party, you are fine. And the party was avoiding any scientific statements. Capitalism has now no competition, so it went crease and start to suppress science like the Soviet Union try to do early on. In many ways, it is now worse in the western world than in was in the Soviet Union.
In one respect, it's a good thing to see these college guys go up against someone like Varoufakis. He exposes their faulty logic. Whether you love Yanis or hate him, you can't argue with a lot of stuff he says because it's plain factual.
Not the hero we deserve, but the hero we need.
Varoufakis is one of the few real intellectual heroes left in our age.
The greatest intellectual of our time now that Chomsky is fading. A supreme command of language and an intellectual breadth that would make any renaissance man jealous.
I agree
You justify calling him the "greatest intellectual of our time" because of his verbosity and his capacity to recite popular texts? Speaks volumes.
Michael Mistakidis Verbosity is not the word friend as it only suggests the ability to say the same thing using different words. Command of language is the ability to effectively elucidate realities that no one has previously been able to articulate. If you read Yanis's "The Global Minotaur" you can't help but admire his ability to utilise millennium's worth of ideas to analogize and familiarize the reader with his own novel concepts that describe the systems that entangle humanities current state of being. So no, verbosity is not the word.
I didn't mean to attack your position, I was just hoping there was some sort of deliberation before you casually threw around the term "greatest intellectual of our generation". Whilst I appreciate your effort to defend yourself, verbosity is the superfluity of words. I think you'll find a pertinent example in your comment above; "his novel concepts that describe the systems that entangle humanities current state of being". Anyways, I hope Yanis' metaphors and similes continue to arouse you.
Interesting, so how would you express "novel concepts that describe the systems which entangle humanity's current state of being" more efficiently? (I am genuinely curious)
Also, sincerely curious to hear who you would rate as the greatest intellectual of our generation. It's not easy of course to pick an individual as it is neigh on impossible to truly compare, but if you had to pick one, or even a few if you can't narrow it down to one, who would it be?
The most informative aspect of this session is the abysmal intellectual level of the Q and A.
WMD WW3
He has lifted the bonnet and showed how the system works. This infuriates many who are desperate to pretend the emperor has nice clothes.
Aleg09aleg G I believe many of the universities discuss and work alongside the big corporations on what to teach to students so that when they are on the workforce they will go along with the game they want them to play. This of course for vast sums of money to the universities. As is the case with our media
I like listening to him.
Love Yanis
Excellent. We need more intellectual like him who can boldly challenge the established /establisment ideas.
excellent command of the English language by a foreigner.
+nanagyamfua nice try - he wasn't born with this level of command, its from sheer hard work.
A foreigner who lived in Australia and worked in the US for many years? Hardly remarkable.
+exwhyz33 Yes. But from 1:07:05 to 1:08:03 - I've listened 3 times to this student and can't understand how he was accepted at Oxford, never mind what he is asking.
I think his question is reasonable, although not so eloquently put. Why is there an apparent lack of thinkers capable of taking economics hence society 'to the next level'.
***** I think you've misunderstood my comment. The student who asked the question - not Yanis. The Oxford student who blathered nonesense for 58 seconds ... not the guy doing the talk and answering questions.
OMG! And I am a Christian. What a remarkable opening speech by YV. People like him are part of the reason why I am a lifelong learner. Where free thinking lives, count me in!
What an awesome speaker ! His depth and clarity of politics and economics is magnificent! Naturally anyone with this type of intelligence is kicked out of power by is voicing truth to power!
Correct!! He would ruffle too many feathers among many of the self serving politicians.
@@DR77618 He already did.
This guy is a genious
The rudeness of some of the students posing questions makes me grateful that I left the academic world!!
They're just jealous, that other people are effective in the real world and they only have their arrogance to work with. Not the necessary skills, to whine and behave like 12 year old spoiled children.
This malnourished twerp went a little far: 46:50 . Yanis handled it nicely… and then you know he caught his skinny ass outside
Especially that entitled blonde, with her 'show' and 'how do you sleep at night'. I personally sometimes wonder how neoliberals sleep at night, but then I remember they don't have a conscience and like looking down on the less fortunate
It has beenThe best and more convincible explanation of what has hapened - and still is happening in Europe and Bruxelles . The incapacity of politics working against our peoples
Impressive command of the English language...and some clever ideas as well.
+Steve Morse I believe he did his first degree at Essex. He has worked in Australia and Texas.
+M Watney Thanks for the info----I am bilingual French English but wow would I like to speak a third language as well as he speaks English.
Gotta love a good command of english .. with an accent .. a greek one on top of that :)
yup :)
Thanks for this interesting information...I work with refugees and migrants and agree with what you have said..I have never lived in my country of origine either and feel that there are two sides to this coin...I love being an international citizen yet wonder whether it might not be a nice feeling to have a place where one feels a sense of community and feels at home.
I felt genuinely speechless hearing some of the questions asked by the students....
The brilliance of this guy is off the charts!
RIGHT!
Greeks-the Light of the World.
💫
A great modern thinker ...one of my intellectual hero's ... with Hitchens, Dawkings, ....I think he is on that level.
+Thanos D. Alexioy File ilikrina ego ton theoro sto idio epipedo ...Eine foveros !!
Exw toso psila ton hitchens pou apla den mporw na dw kanenan allon na ton ftanei.
+Thanos D. Alexioy Kala kai ego ton latrevo ton Hitchens ...To xeris oti eihe Ellinida gineka ?
fysika... episis eixe ginei melos tis orthodoksis eklisias gia na pantreutei se eklisia logo petheras. Episis o papas pou tous pantrepse kati mines argotera ton piasan na poulaei opla stin servia (dn eimai sigouros gia tin xwra).Kiai fysika ton xrisimopoieise merikes fores san paradeigma sta debate tou.
Exw diavasei ta panta apo auton ton anthropo.
+Thanos D. Alexioy Aaaa Alithia den to ixera ayto gia to toi eihe vaftisti gia tin kopela ......Ti apolita gamatos anthropos ...
Yanis' logic is more appropriate now, more than ever! Brilliant mind!
I as a free thinking European musician, I think Varoufakis is great!! His thinking is music to my ears LOL
ditto
No, Varoufakis is terrible. I am greek. I survived his dayz of financial minstry
I'm Greek and I strongly disagree with you: He was the best thing that happened to Greek politics. He left, we're back to null.
Sure, whatever you say
He is a great thinker, and I believe that his aim was to fight the actual system to the bone. Have you guys seen the Four Horsemen? An economics documentary. Goes straight to the devil's detail in a simple way. www.emute-music.com/ignorance-is-bliss-as-they-say-four-horsemen-documentary-3161
Great to see an adult among adolescents. Over here in North America, especially in the USA, almost everyone is an adolescent,
especially at the "top."
I am for Brexit therefore it is hard to hear such a wise person, whose opinion I highly value, say he think England should remain in the EU. I think he almost certainly knows what to do so it does make me reconsider my stand point.
We don't always have to agree on everything even when we respect somebody and share most views they hold. I also agree with many of Yanis's' points, but I was happy for the people that they managed to win the referendum and I fundamentally disagree with his project of "pan-european" parties and whatnot. Not viable or logical whatsoever.
Then again I also might hold other positions that might infuriate you such as the fact that I want a United Ireland and an indepent Scotland (regardless whether they'd be in the EU or not).
I was an abstainer in the EUref but if we get a 2nd vote I'll vote to Remain. It's not because I love the EU, on the contrary I feel about it as Yiannis does; but we're in a Hotel California situation with it because in the decades the UK has been a member it's become inextricably entangled with our economy, laws, demographics, everything. Even if we want to get rid of the EU we can't afford to leave it as an individual country, we have to fight to change it to something else that works better and which allows, more than anything else, individual circumstances for individual member states according to the will of their peoples.
PS I can't remember if it was Yianis or someone else who said in a recent discussion on YT I was listening to that it would have been one thing for the UK to leave the EEC in the 70s, but to leave it now is like driving off a cliff - underlying what I said in the previous comment.
One day the world will see that this man epitomises what the world NEEDS in politicians
Agree!
Intelligent and entertaining guy
The smear-job questioning posited in the Q&A are an embarrassment to Oxford and any so-called intellectuals that put them forth. Yianis is a powerhouse of intellectual thinking and shines a light on the corrupt nature of academic economics and the charlatans at the top who veil apologetics of the status quo as sound and ethical arguments of intellectual rigor. I have a masters degree in economics and can corroborate Yianis' criticisms.
The thing is, stuff is so messed up right now, that no one really needs to have any kind of degree in economics to get it. All you need it to get the your head out of the sand and look at the madness.
I think they were the sort of questions you would expect from people who have only had news/opinions from particular sources. The questions were answered directly and I think satisfactorily. Hopefully some, if not all of the students will now question the efficacy of the media as a source of reliable reporting. It must be tiring for Yanis to face these sorts of questions but I think he also enjoys the opportunity to set the record straight.
greeklamb, yes, god damn to anyone that disagrees with Yanis. Who dares question Yanis Varoufakis!
Mdriver1981 it's not that. They weren't really questions that were formed out of intellectual honesty. They were questions with a purpose to attack his character.
*****, who are you to say what constitutes intellectual honesty? Its all perspective.
I listened to this Man sinds he left the hypocrisy from the others.. This Man gonna change Something in our World.. Brilliant Brain.
Finally someone gets it! I wish more people understood the point at 56:20.
Good video, Yanis is a very clever individual who had an impossible job in dealing with the EU.
someone should've informed the audience he wasn't responsible for the greek crisis, it was already pre planned and then they sacked him for not going along
( guest)
Great speaker.
His English is better than many of our own under - educated folks!🙂.
These lectures should be put on national t.v. , and shallow- thinking folk should be urged to listen !
He has witnessed the true colours of the E.U., who coerced them into debt,
and now they are a vassal state.
" Greece is imploding ".....
The same could happen to us !!!😱.
Please, folks, listen to these talks !
They are extremely important....
The E.U. superstate is very patient : it moves slowly
and steathily to subjugate Nations .
His analysis of the e.u. is just great !
I wish all naiive Remainers would listen to this !
☺
(guest)
Oxford Union : Great place for discussion .
Greece fell foul of the power crazy E.U.!
How can they blame him not to go against his own promise to the people? That would be a snake politician move...
If Jason Statham was a politician. A very compassionate and intelligent politician.
LOL! Well said!
great !! ... thank you Varof !!
Thank You Minister V.
great speech
I just understand what Yanis did. He was trying to teach them Marx Dialectical materialism. Because of my natural science background I never really understand why Marx spend soo much time on his dialectical matherialism before explaining his economic undestanding. Thanks, Yanis, now I see.
@Gabriel Phelps Ohh, some one who believe in invisible entity in the sky does need help. :)
He is brilliant. Speaking truth to power takes a conscience that is not for sale! Bravo\
Ms Piggy asking that question 00:55:00 is evil, meaning incoherent and unreliable, misusing the apparatus of questioning, to abuse someone you don't like. Here in Canada, with our Academia Standards, she would have been disciplined for attacking and abusing someone like that on campus. That chastisement and punishment would have been more severe doing that to a guest speaker, that cuts deeply with University Affairs. She's shallow and reckless. You don't talk to somebody not if your sincere about gaining insight, that the justifiable reason to eat up their time with questioning. Devoid of ethics and totally out of control. Hopefully Oxford, pulled her aside and gave her a lecture, at the absolute least. That's a very unethical and psychotic thing to do. And shame the organization damagingly. No consideration, no intellect, no self-consciousness, wholly psychotic. Definitely something to work on and educate her on.
This chap is rather clever and rather refined.
Great talk!
you are the great person
At 47:30: Idiot attacks YV for the way he stood up to EU bullies; good little storm trooper.
ikr wattaaa pussy.
Such a little bitch
This type of narrow-minded and self-conceited audience is the perfect reason why certain universities should start to admit their students on other merits than a parent's ability to pay the tuition fee.
Yanis Varoufakis - a great human being!
Are you insinuating that most rich people don't like the left and raise entitled brats? 😂
kudos to a fellow Aussie for getting such a plum role - discussing with such a star
Very Good, you have a lote of guts to say what you say...:-) :-) :-)
I agree
"We must not try to avoid contradictions; we must understand when reality is contradictory; and we must embrace the contradiction in a creative way."
Yannis Varoufakis --
and Mary Parker Follett in Creative Experience, Dynamic Administration, and The New State
I thought that this audience would be more objective or at least not rude
Very articulate
Yes V👂👌
this girl @ 55:04 seems pretty pissed off with Varoufakis.
I bet she is a young Dutch voter of Mr. Dijsselbloem ...
+Gerry Diplas I don't think she had malicious intent. It seems she struggles a bit with English + it's nerve wrecking to ask important questions in:
A) An important University.
B) An important event with a significant econo-political figure
C) (In) Front of a crowd. Not everybody is a public speaker.
Varoufakis seems to be ok with her attitude, I assume he is used to it.
Nasty character. Pompous cow.
some seriously stupid questions from both the host and the audience. expected better of Oxford students. asking him what he thinks of his time as Finance Minister when he's explained and re-explained his take on those 6 months innumerable times in various talks? do your homework and get that chip off your shoulder.
Exactly what I expected of the blue-blooded British establishment elite
Judging by the accents of the questioners, there was only one British person asking
Where are you Yanis, when we need you the most?
Varof you the best
And this is Oxford? What a bunch of mediocre at best, but generally stupid questions!
A 1:14:45 very well spent!
Lost every battle but won the war.
+Nicholas Hodder-Hastorf eeeeeeeee re ti le
+CrackThoseClaws mpes lemaresei kai kane ban
I love his embrace of contradiction . I love contradictions. My whole life is based on contradictions.
what a plonker one of the questioners is. He was hated because he was right ! People who are right are often hated.
Good luck
I love this man. It would be great to have dinner with him
56:40 those who want the power the most are the last that ought ot get it
I am. Brexiteer but a Europhile; by that I mean there is a model of a European Union with which I am in agreement. Yanis Veroufakis articulates, in a way I am incapable of, the reasons why I believe the current EU needs terminating and a new model generated. Incomprehensibly, Veroufakis develops impeccable arguments against the existing EU but believes it can be reformed into something he would approve of. Very much like his allegorical prisoner who develops a model which by its own definition is undeliverable under the present constitution, Veroufakis still adheres to his illogical conclusion. I am aware of the presumtion of a mere retired engineer challenging one of the most innovative economic thinkers alive in Europe today.
Please add subtitles to your video. TH-cam does it automatically for you if you select it to. Thanks
For those pickup artists looking for an alpha male model, this is as authentic as you can get. This man is fearless.
I'd like to go to the bar too :(
Easily my favorite leftist. Though I'm neither left nor right.
+sHaDoW | PoDcAsTs Have you ever looked at Howard Zinn's 'You can't be neutral on a moving train'
+Barney Rubble That quote doesn't necessarily apply. If you abstain from positioning yourself on the political spectrum, but (for example) still vote/campaign for the best candidates, I think that's a good thing.
+Lewis Hamilton
if that's you i really want you to do unspeakable things to me
+Bigglesworthicus lol re
r a d i c a l c e n t r i s m
Take it easy on the ads @oxfordunion
i like he's left, it is sentimental and emotional but still rational and not Utopian.
I find it curious that you find a lack of utopian thinking to have an influence on the rationality of a person's ideas. Without utopian thinking, what positive vision has mankind to wander towards?
I think minimising unnecessary suffering is the best we can aim for in this ultimately futile DNA replication game called life. Some might call that utopian. I just call it rational.
There's a big difference between intelligence and wisdom: Varoufakis seems to have both and the Oxford sops - neither!
Oxford union I shall never forgive you for rigging this video with endless adverts
(guest)
Connor,
As they say,
"It's the choc's that pay for the Checkov" !
(I didn't see any adverts....?)
🙂
Less ads please
Thank you Yanis... I still find it concerning having been employed by the very largest international commercial/private banks that most people had and continue to have no idea that the banks who extended credit to the State of Greece knew from the outset, the get go, that loans were quite likely to be defaulted on. There would have been the usual reasons for this knowledge by banks; the first being that it would have been 'general market knowledge' in the sovereign risk area among many bankers at the individual or person level. Secondly, that individual salary and bonus structures are quite different from, and do not easily fit into, the stated strategic operational credit aims and structures of almost any bank, and there is a mismatch. Why do we think it is that bankers might earn a million or more Euros or Dollars per annum for trading, marketing and management roles than seems frankly appropriate? Additionally, the unstated aim of such extensions of credit to sovereigns is of the use of the IMF in taking austerity measures with the agreement of often complicit governments, against the 'working class and middle class', while forcing the privatisation-sale of the state's infrastructure such as airports, ports, roads, telecoms, water and so on. We have seen this mechanism used so often around the world. I remember New Zealand Aotearoa being called the 'great experiment' of such economic measures in the 1980s. It doesn't end well for any country or its people, and is a disaster for the environment and ecosystems of any state put under austerity. Climate Emergency anyone?? Nga mihi, Haere pai
Sleep well? And good grief.... does anyone still take this lying hypocrite that constantly contradicts himself seriously?!?!?! He just goes round regurgitating his often contradictory "theories" and rehashing the obvious with his conflicting waffle depending on the audience and who's paying... Just look at the results of his "policies" and "predictions" - why do you think he was dropped kicked out of government by his "communist" comrades who were initially selling him as a "rock star" politician?!!!!
Don't fall for his duplicitous waffle and delusions of adequacy... he is little more than a narcissistic, treacherous little "populist" stooge peddling his books and - to quote the pathetic clown himself - "a comedy of errors wrapped up in harmless waffle" - which sums up this champagne socialist perfectly - just ask his former "communist" comrades who also betrayed Greece - or those holding his off shore accounts...
Time to wake the fracking hell up! It's actually slimy treasonous "populist" stooges like this and little niggle fartmirage that are undermining Europe!
I thought of selfishness when I was little and people made it there own meanings.
💐
good
Just now there's subject related to what is ?
@ 1:01:30
„Your either going to help us - Or we're going to make suicide“
There is a specific Game-Theoretical term for this equation: Shot to Nuthin' but a Coin Flip Thang.
But you can also help someone to make suicide. And i think most people in Europe would agree that "the Greeks" were suicided.
1:08:00
Equilibrium was a part of government for the rules it has and to punish or award the people who didnt follow the rules or who did. For the US government
the Finnish femen's tone at 55:00 was downright mean)
She asked the question in an offensively condescending manner.
I like this part the most 26:33 and I believe it. Why? Because I can't believe the ministers are that stupid not to see this differently. The question still is why these solutions have been offered by the Troika. Probably because they where afraid of political instability? Just imagine Italy, Spain and Ireland would demand help and relief as well.
I seem t remember the UK had to bung Ireland 9billion
anyone know what Yanis' lapel pin is
stmarriott dim25
I personally never intended to ask you a question. I just think you re a cool guy and I just want to drink a beer with you. The point is to make people ask questions themselves.
I also thought of equilibrium but I never got the credit for it.
Varoufakis is correct - an economic orthodoxy has developed over the last 40 years and too few people are challenging it. What he declines to explain is why a belief in balanced budgets and low inflation became the orthodoxy or that before this economic orthodoxy there was another orthodoxy - that in response to any sign of economic weakness Governments should borrow more and spend more - whose failure became apparent to all except for those who wanted to take us into totalitarian socialism. That orthodoxy of 1945-80, which collapsed amidst high inflation and rising government debt in the 1970s, is remarkably similar to the policies that Varoufakis advocates now, only now the policy is to be turbocharged by QE.
Well said. His argument about total income being the sum of government (deficit induced) expenses and private spending while true, conveniently hides how the private sector always re-starts the economy by creative destruction, rather than by deficit driven government expenditures. Here he get slippery in his "critical thinking". He later admits that "societies institutions" have not figured out how to redistribute income in a way that is better than private company job-creation. In the mean-time, we have 100 years of facts/evidence of how poorly government run socialism creates destruction at a faster rate than what it intends to create. While he can see the human desire for individuality (to subvert) and group membership (to conform), his dialectical reasoning subverts the fundamental, universal economic principle, that we are all motivated by individual self-interest over altruism.
35:45 Essential (about two minutes)
As is 1:11:00, perhaps more so right now: financialization of capitalism
Kids are fainting during class in Greece, dam that was hard to hear.
@9:01 "We should be aware as economists the dangers of trying to quantify qualities because the result is that we diminish qualities and we end up with really terrible predictive quantities."
Basil and Alexis
Ace it is hard to see how eu members were not persuaded by his logic though there is no mention of the evident prevalence laxity of tax liability enforcement within Greece.
Who was the gypsy blonde on a student visa.
Very simple, Yanis was right with his economic proposal. That was a real danger to the EU, so the EU had to kick in a Media operation to demonise the truth from Yanis. If Yanis had been allowed to keep his position of rejecting the central banks terms it would have unravelled the EU’s central bank’s fundamental flaws, Spain and Italy would instantly apply for the same new lending terms, which Germany and France (and the other parties in Greek politics) would have had their wealth diminished
Thank you for showing how this edifice wrecks. It is a tragedy for modern times.
The gentleman on the right looks like Kafka
Mr Varoufakis as part of your brothers and sisters in Greece,
, a heartfelt thank you of using your political brilliance in favor of humanity and for supporting with honesty and virtue the rights of Greek people ,much more of an ancient Greek philosopher rather than a common politician.
People in Greece wish you to keep up like this. Especially those of us who are deep thinkers.
Last but not least, warm regards and wishes for you to feel much better after the last unfair incindent of physical attack against you from those coward beings that in our views, they were much less
of real men after they attack you *
Always insightful is Yanis, his last point about a minimum wage, which came about in the west only after hundreds of years has now been blocked by the cheap wages of communist china , etc to which western industry flocked especially after Clinton . Low wages are better than NO WAGES . His earlier points on the EU /Greece story are spot on and diem 25 wants to reform , but like Islam, the EU wont be reformed, and the incoming EU presidential team has already said so. Europe will behave as it always has done..... .....with coercion.
yanis varoufakismamma is great
taylor kitsch popping up at 1:07:17 ish