E61: The cost of living crisis - what’s causing it, how bad will it get, and how do we fix it?
Prices are on the rise everywhere you look. Your electricity bill is going up. Food is more expensive. Rents are increasing. And your salary, of course, is not keeping up with it all.
Inflation is at a level not seen in decades. But why? Is it the war in Ukraine, the pandemic, or something else? Is it going to get worse? And more importantly, how the hell do we fix this?
Our panel, including Yanis Varoufakis, Erik Edman and Julijana Zita, discusses. Watch live and send us your questions and comments!
0:00 [Introduction] Mehran Khalili
2:08 Yanis Varoufakis
35:41 Julijana Zita
40:10 Judith Meyer
44:45 [Question] Mehran Khalili
45:26 Judith Meyer
46:16 Dusan Pajovic
50:08 Johannes Fehr
55:42 Erik Edman
1:01:14 [Question] Mehran Khalili
1:02:23 Erik Edman
1:04:26 Amir Kiyaei
1:08:58 Comment from the chat
1:09:55 Yanis Varoufakis
1:12:30 [Conclusion] Mehran Khalili
SUPPORT US
---------------------
Join DiEM25: diem25.org/join
Donate to DiEM25: diem25.org/donate
Subscribe: / diem25official
#UkraineWar #GreenNewDeal #energy
Пікірлер: 110
I think the reason why there is not more civil actions against these companies is because we have been miseducated about how things were changed throughout history.
@The.world.has.gone.crazy...
Жыл бұрын
I think the reason is that common people are too "domesticated".
@florentin4061
3 ай бұрын
Not by accident
1:02:40 ish. Yes. I've been saying this for a while, now. Republics are "democracy from above for the few, and the illusion of democracy for the many." Put another way, it's elective authoritarianism. However you want to put it, republics turn the citizens into *mostly* passive observers of the political machine, having little to no power to affect it. They can vote. They can protest. But the fact of the matter is that they have to fight AGAINST their government, which most often and most clearly sides with business interests. Even in statist systems (like the USSR), the people still have to fight against their governments to affect change, because while they may (in many cases) do more for the public than more privatized states, it's still being done above the heads of the public, usually without their input or consent. Whether statism or more "free" (for private enterprise), including social democracies, it's all top-down and authority-driven, where the authority doesn't rest with the masses, but with a select few that claim to represent the masses. With that being the case, it's entirely understandable why governments don't tend to do things that would favor those at the bottom over those at the top. Things like addressing climate change in meaningful ways, or mandating enough *paid* time off every week so that everyone can participate in town halls and other public debates that would build up the democratic aspects of society. It would all threaten the hierarchies, and that's unacceptable. Edit: I forgot to add in a solution. Vote for the options that are the lesser of all evils to slow down the march towards deeper authoritarianism and (in the case of the U.S. specifically) fascism. WHILE DOING THAT, build and organize your communities, starting with your immediate neighbors. Have regular socialization meetings so people get to know each other; the more people are familiar with each other, the more they will listen to each other and consider different perspectives, but also the easier it is to organize for collective action. Build mutual aid networks. Start introducing the democratic process while talking about issues that are of common interest to the community, including any kids old enough to understand what's going on, so that democracy becomes normalized. Network between organized communities and get ideas and resources flowing between them. Build a system of dual power on that basis. By creating a community network that can employ democracy (not just voting, but discussing for perspective and searching for solutions), you create a system of government that makes the official one more and more obsolete. You can then put your own community representatives into the official state machine, mandating that they both continue to participate in the networked community meetings and abide by its decisions. That's how you overcome this top-down system where the people have no say. By creating a bottom-up system where the majority of input comes from the people, not the big business interests and socio-economic elite.
@cat_terrell
Жыл бұрын
"If voting made a difference, they wouldn't let us do it." - Samuel Clemmons aka Mark Twain -
@robeseller6530
Жыл бұрын
incredibly based
There is only One solution to the dilemma facing humanity, so simple indeed, alas many frown at its simplicity but none dare utter its word or dare implement such a sanguine radicule alternative, all other methods have failed and will fail, humanity has one choice "Share" the world's resources.
I always appreciate the care & time Yanis takes to explain, education is a vital part of a successful movement. Agree wholeheartedly with, I think it was Judith, that large corps need to somehow be held accountable for immoral business practices like price gauging, or broken up entirely. Locals who are invested in their communities would have more pressure to guard against corruption - too bad the same is not always the case for a police force, politicians or the courts, as Erik alluded to.
Ms. Meyer is remarkably clear-headed and articulate.
While renegotiating my contract with my energy-supplier recently I remarked, "I never had this trouble when the utilities were nationalised." The lady I was speaking to responded with a deep sigh, "I know what you mean..." Shortly afterwards I learnt that the company had called in the Citizens Advice Bureau to help them cope with their many disgruntled customers. CABs are supported by their local councils who are financed by the rates. So did my utilities company get their help for free? Rip-off or cock-up? Tragedy or farce?
@McFraneth
Жыл бұрын
Socialism for the wealthy, capitalism for the rest of us. WE bail out PRIVATE companies. OUR taxes. Think about that for a minute.
@geoffreynhill2833
Жыл бұрын
@@McFraneth Je vous remercie, mamselle. Vive la France!
@kubhlaikhan2015
Жыл бұрын
@@McFraneth Nothing compared to the trillions printed to finance bribes, coups and wars all around the world. That is the root cause of inflation and the same people are raking in billions from our obscene energy bills and inflated property prices.
I loved the two word summation of "price gouging". Gold Star🌟for that Truth!#Peace
I will follow Yanis anywhere
@steveinjava
Жыл бұрын
Yanis has often said he doesn't want fans, he prefers critics that advance/ improve his arguements. Nobody has all the answers, although I admit Yanis seems to have more than most!
Your analysis, conclusions and delivery are brilliant, thank you.
On Boris. I am disappointed he has been forced to step down. His ineptitude, although bad for everyone was one of the future lights of hope. He would fail to win the next election here allowing a different party to get in for a while. Now there will be a leadership change, false promises and rejection of the old made, and the electorate will gobble it up and vote them in yet again. The alternatives we have are not exactly great however getting away from the entrenched for a time at least is essential
@MirkoskjiVero
Жыл бұрын
So there should be vote boycott. That's it. People should be educated on how our "democratic" processes have nothing democratic anymore.
@cat_terrell
Жыл бұрын
Good points.
@lenuvian
Жыл бұрын
What party do you think could win? Labour has been captured and controlled for at least 30 years.
@steveinjava
Жыл бұрын
Labour can do one useful thing, probably in coalition, they can introduce PR. Unfortunately I doubt they will.
@kubhlaikhan2015
Жыл бұрын
The only solution is communism. We do not even have a communist party.
In USA corporations had to get a charter to be a business for the good of the community otherwise the charter is dissolved no more right to be a business
@steveinjava
Жыл бұрын
does that actual work in practise? what checks are there? in Europe we see more and more corps adopting mission statements that are laughably vague and seem to have no check system at all.
@mariamorgan3009
Жыл бұрын
We lost our way.
Well said Eric. You give me hope for the future. I hope you and other young people like you are soon voted into power
I'm in a Bromance with Yanis...😍
Forensic accounting is a specialty most important then shame these people everywhere
Go Gianis Go!.
A sobering thought indeed: BJ, working class hero.
I don`t care about quality of video but Yannis is great.
I've never bought through amazon. If I can, everybody else can too. There are no excuses imho.
Yanis macro economic views are usually spot on. But i do take issue w a few things: the constant use of the word 'capitalists'. Not everybody who makes money or has a business is a 'capitalist' Capitalism needs free markets which we dont have. Yannis is right, it is a scam in which the money system is corrupted to a high degree. That is not the fault of capitalism per se but the way the system has been rigged by the banks and corporate entities. Second point: about Germany, Yannis glosses over the fact that 20 years of terrible energy policy have also wrecked the german economy. BASF, the once major industrial player has moved 60% of their production overseas out of the EU. They are only staying to shovel up green subsidies. Until the EU finally sees that nuclear energy is the main way forward with some minor role to play for wind and solar it is heading for destruction. But if course Yannis and DIEM fully support the Green transition, thereby supported the suicide pact which in fact DELAYS any real green transition fron happening. People supporting this channel should take a look at the completely warped Carbon credit system and the big money involvement. I for obe an waiting for Yannis to open his eyes on this front..
Hi, is there a way to get in touch with you? I already checked you page. Sadly in my region there is no group of you.
I have been fighting since 1968
I found the analysis / argument put forward by Yanis’s less explanatory & persuasive than I would normally expect from him & I’m afraid the additional international commentators (IMO) added little of value - yes, it’s bad we know that but I’m afraid this fails as inspiration for a call to action.
The government didn’t understand globalisation when it set the regulations for foreign business and its too weak to change the regulations for big companies. You don’t need to break it up the systems just ensure its on an equal footing in tax and employment law and ensure its enforced equally. We have a police force not enforcing the law against white collar crimes and never investigates such crimes against large corporations. Instead they focus on petty crimes a symptom of being poor in capital and or education.
@bettinazwerdling9158
Жыл бұрын
So true. IN PLAIN SIGHT, in the USA, the Dept of Justice is FAILING in terms of timeliness and any significant justice. Look at the 'settlement' by Fox News in the Dominion case! Hardly making a bump. A making no nearly enough difference is this so-called 'Justice' system. NOT! No justice!
Nationalize the utilities
👍👍👍👍
Have you got a Facebook group?
for every dollar a starbuck worker makes their ceo gets a 1000k
🤔
Confront power everyday not on elections every block have a gathering to discuss the blocks issues
I think Volkswagon failed because they began selling fancy cars at high prices. If they had gone back to the original beetle with improvements only in gas mileage, catalytic converters and air conditioning. But they made VW a very costly luxury vehicle.
@kubhlaikhan2015
Жыл бұрын
And the steering, suspension, leg room... Have you ever owned a beetle?
It's good to here your content explaining the resens why Europe union is collapsing they are good at paying themselves hi wages and fantastic penshon but they are the onley organisation which dus not have to balance there books evrey year the euro prints muney out of thin air making inflation and every one porer not good for aney one thank goodness bitan can now manage are owne affairs other countries are starting to catch on
@steveinjava
Жыл бұрын
money is a human made concept, it is created out of thin air. the gold standard was abandoned a long time ago.
Diem 25 in California
Sharing economy
the real problem in our societies is that too few people care to make a change and the average person is intellectually empty.....why has this video only 5.8k views (at the time I'm watching) and a stupid girl talking about her nails has 400k views in two days? I am pessimistic about all of this because I have no faith in my fellow humans, I am in the exact same mindset of all the people in this video, but we are too few, unfortunately.
@ricardopelc-wesoly3483
Жыл бұрын
Where there if faith there is Hope.
@21M..AgeOfTruth
Жыл бұрын
@@ricardopelc-wesoly3483 Fundamental points @57:40 Explaining how we come about wars and why people are not focusing on bitcoin. Holding Bitcoin: 'We are building the bridge for the rest of humanity to walk across' Jeff Booth & Greg Foss: kzread.info/dash/bejne/Z39qrLKRnLnOXbw.html
@21M..AgeOfTruth
Жыл бұрын
Fundamental points @57:40 Explaining how we come about wars and why people are not focusing on bitcoin. Holding Bitcoin: 'We are building the bridge for the rest of humanity to walk across' Jeff Booth & Greg Foss: kzread.info/dash/bejne/Z39qrLKRnLnOXbw.html
Yeltsin's Russia.....
Everybody shold listen to him PMs and ministers of Eu countries, commision and what is a most important all of us. Citizens of Eu, just we have a chance make some changes but together. The powerful are happy like it is now. People unite for your interests. CARPE DIEM 25.
Top and bottom
Then the so-called official inflation figures. "8.4%". Who is defining the increase, based on which items? is it credible? And more importantly: why these items, who decides how to measure inflation, with what agenda and purpose?
@stella3265
Жыл бұрын
The ordinary people !!!! Can’t afford to live. Can’t afford food making car payments can’t afford rent. Credit card debt student loan debt. The USA debt is now 30 trillion. Bureau of economic research OXFAM Freedom House and Bureau of Labor Statistics. These are accurate measures on quality of life and issues of cost of living. I am referring to the USA. Sanctions by. Biden that’s causing the food crisis, especially in the Southern Hemisphere.
@zouheiralameddine9845
Жыл бұрын
i think these are central bank figures (bonds) or at least macro averages obtained from the stock market. In reality, it's a different rate for everyone. If you are a minimum wage worker, groceries are up 30% in price, and that is your effective inflation. If you drive a car every day, your own measure of inflation will be more tied to fuel costs. That's why sometimes it is a limiting metric, and that consumer indices or median purchasing power changes might be more relevant, but i think inflation has a legacy in the economic discipline and is still used as a convention in the same way that GDP is outdated but still used.
Once have housing a computer then shall help
Join with XR, JustStop_Oil and Insulate Britain and have a multi pronged and cross border international approach to revolution. One cannot change a system like this from the inside. I guarantee you would all work tremendously well together. Including BLM and trade unions like Rail and Maritime UK. Put aside minor differences and do it. You'll not regret anything. Haere pai
We must look at Gandhi's action of non cooperation because corporations and politicians cannot rule us without our cooperation
@mariamorgan3009
Жыл бұрын
I think they want most of us dead and could care less about our cooperation.
It's easy to see how some governments are lining themselves up for God's wrath, I pray for the people even though many are quite ignorant 🤔 Daniel 2:44
Shame the leaders chase in the street
Yanis MichaelHudson Prof Wolfe
money for bankers and military but the poor can freeze...
FRUSTRATING! What good are captions, if they're not utilized? Love all our speakers, but everyone has a different dialect ~ PLEASE!
@DiEM25official
Жыл бұрын
English subtitles will be uploaded soon.
@cat_terrell
Жыл бұрын
Are you really complaining about accents? Omg!
@francisstjohn2194
Жыл бұрын
I would love to hear yours. You better don't hear mine. Arrivederci
Fix the Money, Fix the World.... There are two options for humanity...... a) #Bitcoin A world likened to Star Trek 🌎☮🚀🌙🙏 VS b) CBDC's A world likened to Star Wars 🌍⚠️⛓🔐 ~ Inspired by #JeffBooth
Sit down stop participating the oligarchs must clean their own house, clothes cook their food the workers have now STOP running inside the hamster wheel
Smart guy - let’s see how long before the CIA takes him out
@kubhlaikhan2015
Жыл бұрын
What makes you think the CIA aren't just as desperate for solutions as the rest of us? I think they will turn on their own government at some point and it may already be happening.
The super rich, as she said, are the few. If you took all they had off of them it would make little difference to poverty in the world. The difficulty of helping the poor is mainly because they are too numerous to be supported as middle class with just the one available planet. DiEM25 is only the same old politics of envy and suicidal desire for open borders in a new wrapper
@prajnasampaje3625
Жыл бұрын
Apparently in the US 1% of the population own 32% of the nation's wealth as at 2021.
Russophobia is the no. 1 factor in European energy prices. Keep hating Russia and reaping the rewards thereof.
If Germany can increase exports to China it's economy can be saved
Fiat is dying.... “I don’t believe we shall ever have a good money again before we take the thing out of the hands of government, that is, we can’t take them violently out of the hands of government, all we can do is by some sly roundabout way introduce something they can’t stop” ~ Friedrich Hayek during an interview in 1984 #Bitcoin
Worker place democracy take over as they did in Argentina
Only women leaders most not narcissists
Invade the government buildings we occupied chancellor's office in '60's
@kubhlaikhan2015
Жыл бұрын
Do they have fireplaces?
I think that your voice are not doing enough. You need spread your word hardly. Use marketing
Grow-up amd learn math, stats and a computer language. It's 2022.