Have you wondered why politicians aren’t what they used to be, why governments seem unable to solve real problems? Economist Yanis Varoufakis, the former Minister of Finance for Greece, says that it’s because you can be in politics today but not be in power — because real power now belongs to those who control the economy. He believes that the mega-rich and corporations are cannibalizing the political sphere, causing financial crisis. In this talk, hear his dream for a world in which capital and labor no longer struggle against each other, “one that is simultaneously libertarian, Marxist and Keynesian.”DNA has degenerated it is rather becauseone can be in government today and notin power because power has migrated fromthe political to the economic spherewhich is separate indeed I spoke aboutmy quarrel with capitalism if you thinkabout it it is a little bit like apopulation of predators that are sosuccessful in decimating the prey thatthey must feed on that in the end theystarvesimilarly the economic sphere has beencolonizing and cannibalizing thepolitical sphere to such an extent thatit is undermining itself causingeconomic crisis corporate power isincreasing political goods are devaluinginequality is rising aggregate demand isfalling and CEOs of corporations are tooscared to invest the cash of theircorporations so the more capitalismsucceeds in taking the demons out ofdemocracy the taller between peaks atthe greater the waste of human resourcesand humanity’s wealth clearly if this isright we must reunite the political andeconomic sphere and better do it withAdiemus being in control like in ancientAthens except we are the slaves or theexclusion of women and migrants now thisis not an original idea the marxist lefthad that idea 100 years ago and itdidn’t go very well did the lesson thatwe learned from the soviet the battleis that only by a miracle with theworking poor be rien powered as theywere in ancient Athens without creatingnew forms of brutality and waste butthere is a solutioneliminate the working poor capitalism isdoing it by replacing low-wage workerswith automata androids robots theproblem is that as long as the economicand the political spheres are separateautomation makes the Twin Peaks tallerthe waist loftier and the socialconflicts deeper including soon Ibelieve in places like China so we needto reconfigure we need to reuniteeconomic and the political spheres butwe better do it by democratizing thereunified sphere less to end up with asurveillance mad hypocracy that makesthe matrix the movie look like adocumentary so the question is notwhether capitalism will survive thetechnological innovations it is spawningthe more interesting question is whethercapitalism will be succeeded bysomething resembling a matrix dystopiaor something much closer to a startrek-like society where machines servethe humans and the humans expend theirenergies exploring the universe andindulging in long debates about themeaning of life in some ancient Athenianlike high-tech Agora I think we canafford to be optimistic but what wouldit take what would it look like to havethis star trek-like utopia instead ofthe matrix like dystopia
No one who was paying attention to Greece’s predicament three years ago should be surprised by the position that German Chancellor Angela Merkel and Europe find themselves in today. But only a dangerous fool would celebrate.
.. today’s defenders of the European status quomust fight on two fronts: against Trump’s encroachments and, within Europe, against the likes of Matteo Salvini and Luigi di Maio, the rising stars of Italian politics who, despite their parliamentary majority, were denied the right to form a government by the country’s besieged pro-establishment president... Just as it is Trump’s aim to overturn the global system from which Germany has benefited for decades, Salvini and di Maio see the disintegration of the euro as a welcome development and a boon to their anti-immigration campaign... If you insist on policies that condemn whole populations to a combination of permanent stagnation and humiliation, you will soon have to deal not with Europeanist leftists like us but, instead, with anti-Europeanist xenophobes who see it as their vocation to disintegrate the European Union.”.. Germany’s establishment media are now referring to the Italian economist whose appointment as finance minister was vetoed by the president as “Italy’s Varoufakis.” That moniker obscures a fundamental difference: I wanted to keep Greece in the eurozone sustainably and was clashing with Germany’s leaders in favor of the debt restructuring that would make this possible. By crushing our Europeanist government in the summer of 2015, Germany sowed the seeds of today’s bitter harvest: a majority in Italy’s parliament that dreams of exiting the euro... Trump understands one thing well: Germany and the eurozone are at his mercy, owing to their increasing dependence on large net exports to the US and the rest of the world. And this dependence has grown inexorably as a result of the austerity policies that were first tried out in Greece and then implemented in Italy and elsewhere... a condition of agreeing to bailout loans for distressed governments and banks. Then note that this pan-European austerity drive took place against the backdrop of massive excess savings over investment... large excess savings and balanced government budgets necessarily mean large trade surpluses – and thus the increasing reliance of Germany, and Europe, on massive net exports to the United States and Asia... In other words, the same incompetent policies that gave rise to the xenophobic, anti-Europeanist Italian government also bolstered Trump’s power over Merkel... the US will aim to force China to deregulate its financial and tech sectors. If it succeeds, at least 15% of China’s national income will gush out of the country, adding to the deflationary forces that are breeding political monsters in Europe and in the US.
Have you wondered why politicians aren’t what they used to be, why governments seem unable to solve real problems? Economist Yanis Varoufakis, the former Minister of Finance for Greece, says that it’s because you can be in politics today but not be in power — because real power now belongs to those who control the economy. He believes that the mega-rich and corporations are cannibalizing the political sphere, causing financial crisis. In this talk, hear his dream for a world in which capital and labor no longer struggle against each other, “one that is simultaneously libertarian, Marxist and Keynesian.”