Yanis Varoufakis: Capitalism has become 'techno-feudalism' | UpFront

A recent Oxfam study found that since the start of the coronavirus pandemic, the world’s richest 10 billionaires have seen a wealth increase of half a trillion dollars - enough to pay for every person on the planet to get a vaccine.
In this UpFront special, Marc Lamont Hill discusses with economist and former Greek Finance Minister Yanis Varoufakis what is driving the staggering wealth inequalities and how governments are offering socialism for the rich, and austerity for the rest.

Пікірлер: 2 200

  • @brendano1204
    @brendano12043 жыл бұрын

    socialism for financiers, austerity for the people... sums up the last recession

  • @guilhermegoldman

    @guilhermegoldman

    3 жыл бұрын

    My PR use to say he is liberal at economy and conservative at the mores - more like liberal at the rich and conservative at the poor!

  • @marcelinoperez2926

    @marcelinoperez2926

    3 жыл бұрын

    Brendan O you got it, I agree. Reset for the people

  • @frankieboyer9375

    @frankieboyer9375

    3 жыл бұрын

    thats just capitalism

  • @patriciomalbran3737

    @patriciomalbran3737

    3 жыл бұрын

    @@frankieboyer9375 sorry mate, thats keynesianism

  • @patriciomalbran3737

    @patriciomalbran3737

    3 жыл бұрын

    @Hitme 2moretimes sorry mate but the biggest issues capitalism almost every time (If not always) stem from the govt. then keynesianism never sorted out anything you can see it now, in the 20s and with the marshal plan. Also at least capitalism works in real life, not like socialism.

  • @ndeshimonakamungu645
    @ndeshimonakamungu6453 жыл бұрын

    "They are not working for humanity they are working for financiers "

  • @destruction1928

    @destruction1928

    3 жыл бұрын

    Humanity is a bunch of stupid people that keep breeding without the ability to feed their own children, and expecting others to sustain it, what happened in America is Americans problem, not anyone else.

  • @guppy0112

    @guppy0112

    3 жыл бұрын

    These financiers (the fund managers and traders at investment banks anyway) in turn are working for Joe and Jane public, as it is our pensions and investments that they manage!

  • @destruction1928

    @destruction1928

    3 жыл бұрын

    ​@Vicky Zabaras Historically right-wing people killed way fewer people than lefties, the worse thing is that lefties killed their own people in hundred of millions, not wanting to share resources has nothing to do with want you dead, you are not entitled to it, It's not my obligation to keep you alive.

  • @humboldthammer

    @humboldthammer

    3 жыл бұрын

    Me, me, me, me meme. God said, "Enough Trump Worship." but less than 7% have ever "heard" God. That's normal. That's why it is such a serious SIN to mislead the sheep. Televangelist False Prophets told tens of millions to vote for Trump -- God's CHOSEN ONE. Election Fraud is one more DEEP FAKE EWE.

  • @bayroncastillo7653

    @bayroncastillo7653

    3 жыл бұрын

    hard

  • @taiven.lechevalier
    @taiven.lechevalier3 жыл бұрын

    Can we just take a moment and appreciate how excellent of a job this interviewer did? Really top notch work.

  • @HiVizCamo

    @HiVizCamo

    3 жыл бұрын

    Yes he placed the softballs on the tee very well, very good note reading skills too. Top notch.

  • @carlsontse3622

    @carlsontse3622

    3 жыл бұрын

    I was thinking the EXACT same thing. Top quality journalism

  • @carlsontse3622

    @carlsontse3622

    3 жыл бұрын

    @Alexander Franke you definitely wear clown shoes with a comment like that

  • @HiVizCamo

    @HiVizCamo

    3 жыл бұрын

    @@carlsontse3622 More Water Army paratroopers, always shilling these comments sections. The grifter's accomplices are so easy to spot now.

  • @pobandeddy6721

    @pobandeddy6721

    3 жыл бұрын

    First half of the interview was great. Second half was fact-free ideological garbage.

  • @longbeachboy57
    @longbeachboy573 жыл бұрын

    This guy knows about 10 000 times more about american politics and history than the average american...

  • @ronaldmitchell3665

    @ronaldmitchell3665

    3 жыл бұрын

    ...certainly, he hasnt been at ground zero of the cabal for his life. He’s outside looking in to America, but that is good . sky news Australia has good perspectives too, thx....

  • @elingrome5853

    @elingrome5853

    3 жыл бұрын

    @@ronaldmitchell3665 eh? He’s literally part of the cabal 🤣

  • @yonisali3879

    @yonisali3879

    3 жыл бұрын

    To be fair it is not that much of stretch. Compared to Greece. The history needed to rember does not go that far back and the politics follows a very predictable flow everytime. Dude got a cool name too coupled with southern European sensiblties and intelligence that might get mistaken for snobbery in places where intelligence does not hold sway.

  • @meisterlymanu5214

    @meisterlymanu5214

    3 жыл бұрын

    thats not difficult

  • @friedrichnietzsche2557

    @friedrichnietzsche2557

    3 жыл бұрын

    Americans only know burgers kingg

  • @JustRockMySoul
    @JustRockMySoul3 жыл бұрын

    Techno-Feudalism is an excellent description, thanks Yanis.

  • @marcelinoperez2926

    @marcelinoperez2926

    3 жыл бұрын

    China is everywhere now

  • @DiandraStarShine

    @DiandraStarShine

    3 жыл бұрын

    oh, *please.* technology and fancy words🙄don't change the fact that it's still *capitalism,* period.

  • @rainer7210

    @rainer7210

    3 жыл бұрын

    @@marcelinoperez2926 China was made great again , by US. Profit don‘t care any system.

  • @marcelinoperez2926

    @marcelinoperez2926

    3 жыл бұрын

    @@rainer7210 agree I know

  • @Figures-us9wt

    @Figures-us9wt

    3 жыл бұрын

    @@DiandraStarShine Bro, maybe research the topic. This is not capitalism.

  • @joewyatt2407
    @joewyatt24073 жыл бұрын

    Yanis is a brilliant guy and was treated so poorly but no surprise why.... he speaks sense and the world is awakening

  • @edwardk3

    @edwardk3

    3 жыл бұрын

    In particular where they determined yanis to be a member of the "defective gender". I was particularly impressed that this got by the hate speech detectors

  • @muskrat477

    @muskrat477

    3 жыл бұрын

    He had the EU pegged

  • @hansjurgenochsenfahrt6176

    @hansjurgenochsenfahrt6176

    3 жыл бұрын

    Webster Tarple - before he sold out to demtards in new yourk drumbeated for him.... and when the won... ohhhh this is nato.... and EU.... ohh - and he rolled over... now we have the bizarre game of Rettungsschirm.. umbrella ... with the Euro - planned to fail... and a massive transfer of wealth to these - states.... essential for nato.... and military industrial media complex... they were treated as winners charming in eu bureocrathy.... the one got dropped out... the other here - went biking again... all from one club of spoiled brats - with elite education in sinister private schools... from a certain tribe... sorry... Microsoft gates is caesar.... stands for the corporate accumulation of power worldwide... and we have a scary relationship of leftists and rights - to galton and the charming with education camps - autor of my fair lady... fabian society... do not trust these screw ups...

  • @chandir7752

    @chandir7752

    3 жыл бұрын

    is the world really awakening tho..? You make it sound as if it's a progress that's already in motion and will complete itself automatically. But I think we have a lot of work ahead of us if we want to make everyone see straight.

  • @wolfgangkranek376

    @wolfgangkranek376

    3 жыл бұрын

    @@hansjurgenochsenfahrt6176 Correct, politicians like Varoufakis are actually part of the problem.

  • @Dan-ud8hz
    @Dan-ud8hz3 жыл бұрын

    "If machines produce everything we need, the outcome will depend on how things are distributed. Everyone can enjoy a life of luxurious leisure if the machine-produced wealth is shared, or most people can end up miserably poor if the machine-owners successfully lobby against wealth redistribution. So far, the trend seems to be toward the second option, with technology driving ever-increasing inequality." Stephen Hawking

  • @GoToGuy222

    @GoToGuy222

    Жыл бұрын

    Read "The Midas Plague" by Frederick Phol

  • @SapientEudaimonia

    @SapientEudaimonia

    Жыл бұрын

    @@GoToGuy222 Could you tell us why?

  • @GoToGuy222

    @GoToGuy222

    Жыл бұрын

    @@SapientEudaimonia This was published in 1954 as a science fiction book. It is a world where robots were advanced to the point where they can do all labor with little or no direction. Society felt that they needed to not waste products made by robots. So they need to make sure that all products are consumed and not wasted. So if you were wealthy you could live in a 2-bedroom bungalow and eat two meals per day and ride your bike. The POOR had to work hard at consuming. They were forced to live in a 30-room mansion, drive 4 cars per day and eat 12 meals per day with no waste. You were cursed with consuming. Oh, and all the robots were connected to the main center with a radio. 1954

  • @MikBak1814

    @MikBak1814

    Жыл бұрын

    @@GoToGuy222 Thanks for explaining this book. Sounds Orwellian. I'll read it based on your explanation alone.

  • @MikBak1814

    @MikBak1814

    Жыл бұрын

    Common knowledge in the historical record for a hundred years. Either we were too naive to think it would ever be any different; or power systems were too dishonest. And probably a good mixture of both.

  • @SensemakingNL
    @SensemakingNL3 жыл бұрын

    Finally. A real journalist. Questions that actually invite interesting perspectives. Well informed and poised!

  • @toyotaprius79

    @toyotaprius79

    3 жыл бұрын

    Imagine how sad this state of civilisation must be in for an acceptable level of journalistic integrity to be celebrated?

  • @islabee94

    @islabee94

    3 жыл бұрын

    He was good, I enjoyed the interview too!

  • @islabee94

    @islabee94

    3 жыл бұрын

    @@toyotaprius79 why so bitter? Why not congratulate someone on doing a good job just because others aren't doing so? That makes absolutely no sense.

  • @stbsabs4370
    @stbsabs43703 жыл бұрын

    Varoufakis as usual makes great and significant points. What is new is the excellent questions and interview from the journalist side for the first time.

  • @vinm300

    @vinm300

    3 жыл бұрын

    Yes, the interviewer is on the ball.

  • @stevefromsaskatoon830

    @stevefromsaskatoon830

    3 жыл бұрын

    Indeed

  • @jacovawernett3077

    @jacovawernett3077

    3 жыл бұрын

    Truly. 111%

  • @Validboy

    @Validboy

    3 жыл бұрын

    so good i watched it twice... I see Varoufakis I click..

  • @patrickvangelder3349

    @patrickvangelder3349

    3 жыл бұрын

    Varoufakis is as boring as ever, always whining about the EU, but never acknowledging that Greece was a failed state who entered the EU based on lies, they hardly have a decent tax system. The 2008 crisis was hardly felt in the North of Europe because our tax and social systems are solid, he is only talking about Greece but as I said that country was just badly governed

  • @yiasemide
    @yiasemide3 жыл бұрын

    Marc Lamont Hill and Yanis Varoufakis: a brilliant pairing here.

  • @GUSCRAWF0RD

    @GUSCRAWF0RD

    3 жыл бұрын

    "what they [the US] did is re-distribute wealth from the poorest european countries to the wealthiest ones' financiers" you're right this is a brilliant way to spin 'they broadly paid their bills and bought stuff from europeans that also broadly pay their bills and made stuff to sell'

  • @mnati25

    @mnati25

    3 жыл бұрын

    The man is well read and impeccable credentials

  • @GUSCRAWF0RD

    @GUSCRAWF0RD

    3 жыл бұрын

    @@mnati25 example?

  • @buckrogers7115

    @buckrogers7115

    3 жыл бұрын

    Marc Lamont hill is an idiot

  • @GUSCRAWF0RD

    @GUSCRAWF0RD

    3 жыл бұрын

    @@buckrogers7115 he's pretty smart he's just not playing devil's advocate

  • @diogotxx
    @diogotxx3 жыл бұрын

    Yanis is one of the most brilliant voices I've known in recent times. Always good to hear his thoughts.

  • @ralphjackson8295
    @ralphjackson82953 жыл бұрын

    This was the best interview I have ever had the privilege to see.

  • @ralphjackson8295

    @ralphjackson8295

    3 жыл бұрын

    @@ts8404 Really? Well, I have to say, they know how to hire good reporters because he did a really good job.

  • @GeraltBosMang
    @GeraltBosMang3 жыл бұрын

    The quality of Al Jaz reporting is getting better and better.

  • @EuDouArteHipHopArtCulture21

    @EuDouArteHipHopArtCulture21

    3 жыл бұрын

    I agree ,

  • @fullmetaljacket1803

    @fullmetaljacket1803

    3 жыл бұрын

    Really is one of the only news outlets that isn't completely designed to sway the masses into making decisions to enrich the top

  • @Q_QQ_Q

    @Q_QQ_Q

    3 жыл бұрын

    Al Jazira is good for outside Qatar or Qatar subjects

  • @777jones

    @777jones

    3 жыл бұрын

    Al Jazeera utterly humiliates the quality American media. Among the worst we have are Fox News, MSNBC, CNN. Next worst are NPR, Infowars and the New York Times. These are all pure, proud political advocacy organizations. Actual journalism still exists at local levels in the USA but not really at national level.

  • @theyredistortingyourrhthym126

    @theyredistortingyourrhthym126

    3 жыл бұрын

    0 virus Millions AWAKE

  • @dariuslankarian3282
    @dariuslankarian32823 жыл бұрын

    Capitalism for the poor socialism for the rich.

  • @julianchung9215

    @julianchung9215

    3 жыл бұрын

    Or vice versa like in USA

  • @craig5261

    @craig5261

    3 жыл бұрын

    Socialise the losses, privatise the profits

  • @dariuslankarian3282

    @dariuslankarian3282

    3 жыл бұрын

    @@craig5261 Definitely. Bailouts, QE bunch of pathetic man running to the corrupt government for tax payer stimulus. They are lucky individualism has made the public so docile otherwise there should have been an uprising by now.

  • @leonngg232

    @leonngg232

    3 жыл бұрын

    For me is Capitalism is good if there are no businessman inside the politics because that politicians control the economy that is why they become more richer.,the leftist hate oligarch but if there are no Capitalist?the world has no change.

  • @craig5261

    @craig5261

    3 жыл бұрын

    @@leonngg232 there is no capitalism. Instead we have crony capitalism, rigged markets, price signal manipulation, central bankster theft & corruption. All supported by an ideology called “keynesianism”

  • @W4ldgeist
    @W4ldgeist3 жыл бұрын

    What an amazing interviewer! Highly intelligent questions, insight and follow ups. How unusual compared to other mass media. Thanks for that. Keep doing what you're doing!

  • @303machine

    @303machine

    2 жыл бұрын

    Interviewer is hypocrite moron. He talk about "structural racism" but for sure he would not talk about real racial abuse, "structural racism" from Arabs (non-white people) against coloured, black workers in Arab (muslim) countries because he work for Al Jazeera. Another atempt to smear on white people, despite Greek people to whom leftard Yanis belongs, never had colonies nor (black) slaves, not that it matters.

  • @GladysAlicea
    @GladysAlicea3 жыл бұрын

    “Wasted economic energy,” says it all. Great interview, Professor.

  • @clodoaldosantos5333

    @clodoaldosantos5333

    3 жыл бұрын

    Sounds amazing ❤️

  • @clodoaldosantos5333

    @clodoaldosantos5333

    3 жыл бұрын

    In few years to come people will be kicking themselves in regrets if they miss this opportunity of buying and investing in crypto currency

  • @clodoaldosantos5333

    @clodoaldosantos5333

    3 жыл бұрын

    Mr maxwell has changed my financial status for the best.

  • @clodoaldosantos5333

    @clodoaldosantos5333

    3 жыл бұрын

    Trading in crypto currency is one of the best ways to make money in trading

  • @clodoaldosantos5333

    @clodoaldosantos5333

    3 жыл бұрын

    i met mr maxwell at a conference in Greece for the first time and i invested €6000 and i received €32, 400 after taking his 15℅ profit of trading

  • @alishahid9253
    @alishahid92533 жыл бұрын

    The host is brilliant

  • @itsallsausagetome4059

    @itsallsausagetome4059

    3 жыл бұрын

    very principled as well, when I started the video I said isn't that the guy who was fired from CNN over a pro Palestine speech, so googled his name and found out I was right, was worried his career would be ruined for life, so super delighted to see that Aljazeera didn't jump on the bandwagon with other networks in boycotting him or setting him as an example. The Zionist influence in America is insane.

  • @alishahid9253

    @alishahid9253

    3 жыл бұрын

    @@itsallsausagetome4059 wow, that's huge..

  • @denbel426

    @denbel426

    3 жыл бұрын

    @@itsallsausagetome4059 you are absolutely right he's an American of African descent and a scholar

  • @j-dub.d-tray

    @j-dub.d-tray

    3 жыл бұрын

    too smart for CNN!

  • @libanwarsame5428

    @libanwarsame5428

    3 жыл бұрын

    His name is Marc Lamont Hill. He was contributor for CNN before he was fired from the broadcaster after advocating justice for Palestine at the UN.

  • @mr.t.1237
    @mr.t.12373 жыл бұрын

    I read Yanis's book called "Talking to my daughter" great read.

  • @mutanazublond4391

    @mutanazublond4391

    3 жыл бұрын

    He's a fraude .... nobody radical, get's this much media coverage ...NOBODY ...

  • @MrHitomiplum

    @MrHitomiplum

    2 жыл бұрын

    @@mutanazublond4391 He can get as much or more media coverage. They know it doesn't matter... your response proves that.

  • @hannespeters1055
    @hannespeters10553 жыл бұрын

    Only in feudalism, the peasants had land to grow food on.

  • @nataschavisser573

    @nataschavisser573

    3 жыл бұрын

    Now they can make youtube videos and beg for money on patron.

  • @northofyou33

    @northofyou33

    3 жыл бұрын

    Hannes, exactly.

  • @MAM-pd9mx

    @MAM-pd9mx

    3 жыл бұрын

    @@nataschavisser573 now everybody has the freedom to start a business and become millionaire... the trick is that's not possible

  • @Roboprogs

    @Roboprogs

    3 жыл бұрын

    No, they didn’t. Usually the aristocracy owned the land, and the serfs could only stay by paying tribute. Thus, the comparison to “rent seeking behavior”, as opposed to actual creation by business.

  • @Roboprogs

    @Roboprogs

    3 жыл бұрын

    @Arsperficit 37 - absolutely. There’s always a warlord or clan of such. Some are more “just” than others, but any power vacuum would be filled.

  • @williamhornabrook8081
    @williamhornabrook80813 жыл бұрын

    I did an ECON degree. Yanis is an eloquent and accurate source of economic commentary whenever I see him. There is no one economist that we should all follow but Yanis is one of the more useful ones.

  • @SapientEudaimonia

    @SapientEudaimonia

    Жыл бұрын

    Which others would you recommend as well, William?

  • @wendychee4978
    @wendychee49783 жыл бұрын

    Thank you for this discussion. Many, many more people need to see this.

  • @Jaymo00

    @Jaymo00

    3 жыл бұрын

    Yes this was a wonderful interview! Shame that we don't have more politicians like this in the USA

  • @hellonihaocomoestas
    @hellonihaocomoestas3 жыл бұрын

    "the top 0.01 percent are doing very well, thank you."

  • @meikvincenco1584

    @meikvincenco1584

    3 жыл бұрын

    I would like to know how they figured that out considering that these people's finances are not exactly public knowledge and even my government does not know how much wealth I, an average earner, own.

  • @steliosmandalos9352

    @steliosmandalos9352

    3 жыл бұрын

    @@meikvincenco1584 are you sure that "they" don't know how much "you" own?

  • @meikvincenco1584

    @meikvincenco1584

    3 жыл бұрын

    @@steliosmandalos9352 How would they? If I buy something worth a certain amount and leave it at my house for 20 years and it increases in value due to it being rare then how would the government know? How would they know the value of my house for that matter? They know what I originally paid for it, not how much home improvement I did over the years.

  • @rogerthornhill1491

    @rogerthornhill1491

    3 жыл бұрын

    Such a small amount of people explain why that matters?

  • @tiaandeswardt7741

    @tiaandeswardt7741

    3 жыл бұрын

    Well, kinda by definition, but yeah.

  • @jasoneverich8284
    @jasoneverich82843 жыл бұрын

    I can't stop thinking about how awesome Yanis' kitchen looks.

  • @kaninma7237
    @kaninma72373 жыл бұрын

    Chris Hedges, Richard Wolff and Yanis Varoufakis, three of my favorites. Thanks for sharing this!

  • @craig5261

    @craig5261

    3 жыл бұрын

    All Marxists... what a surprise

  • @patriciomalbran3737

    @patriciomalbran3737

    3 жыл бұрын

    @@craig5261 hahah these guys always live in an ecochamber. Thats why they dont understand economics

  • @hibye7385

    @hibye7385

    3 жыл бұрын

    @Hitme 2moretimes Wow, you really went all out on this moron. I applaud you.

  • @PK-re3lu

    @PK-re3lu

    3 жыл бұрын

    @Hitme 2moretimes Very well put! Excellent.

  • @skynet4496

    @skynet4496

    3 жыл бұрын

    They are still idiots, it's not the pandemic that causes poverty but the idiotic response of lockdowns that you support you sell out cowards

  • @Erwana1985
    @Erwana19852 жыл бұрын

    mind-blowing interview, why it is not possible to find these kinds of interviews in the western media? He would have gotten maximum 10 seconds of talk time in any american network program

  • @Revolution-tl5wo
    @Revolution-tl5wo3 жыл бұрын

    This is an impressive interview. I really appreciate the thorough and substantial nature of the questions the interviewer asks; the way he gives plenty of space for his guest to answer fully and without attempts to re-frame what he says; and the quality of the answers given. Insightful and very worthwhile. Thank you!

  • @metalextras
    @metalextras3 жыл бұрын

    This needs to be translated to every human language...

  • @philizeed8938

    @philizeed8938

    3 жыл бұрын

    I agree!!

  • @bodyguardik

    @bodyguardik

    3 жыл бұрын

    Lenin predictad that more than 100 years ago. Just *read Lenin*

  • @arkadiusztrzesniewski4237

    @arkadiusztrzesniewski4237

    3 жыл бұрын

    @@bodyguardik Every human language and beyond. Including klingon.

  • @quochung9370
    @quochung93703 жыл бұрын

    They are already trying to bring back serfdom with the "great reset".

  • @terencefield3204

    @terencefield3204

    3 жыл бұрын

    Very good. One overdue.

  • @terencefield3204

    @terencefield3204

    3 жыл бұрын

    @LazicStefan Well much to my surprise, the reality of income and asset inequality in the US has increased over the last 45 years EXCEPT for the period of the Trump administration. Not perhaps expected by the left, or by me, but nonetheless true. In the world entire, poverty is declining; in the least competitive of the old first world, it shows no sign of improving. Socialist state-interventionist policies show no sign of correcting this, very sadly. Climate change will reduce the condition of life of nearly all people, to the point of collapse. I think that is unavoidable.

  • @oneroyalpriest8784
    @oneroyalpriest87843 жыл бұрын

    Marc, nice to see you again my friend!! CNN's loss

  • @emaak

    @emaak

    3 жыл бұрын

    Absolutely their loss !

  • @Nostalgia_Addict

    @Nostalgia_Addict

    3 жыл бұрын

    "my friend"

  • @brunemountaineagle
    @brunemountaineagle3 жыл бұрын

    Thank you Marc and Yanis for this discussion. As someone who played a major role in Occupy Wall Street with the Global Revolution Live stream team, this conversation is one of the most important I’ve seen since our movement almost a decade ago. I’m working on compiling my photos and videos to do exhibits and discussions in upstate NY where I live, now.

  • @kimmacdermotroe2957
    @kimmacdermotroe29573 жыл бұрын

    Marc's well researched questions made this one of Yanis's most informative interviews.

  • @laurajames7809
    @laurajames78093 жыл бұрын

    Excellent interview questions, host is smart and quick. Well done

  • @cityofgardenerssg318
    @cityofgardenerssg3183 жыл бұрын

    By making the poor poorer, the US have destroyed a huge sector of her market because the poor cannot afford the goods

  • @sacrificezone

    @sacrificezone

    3 жыл бұрын

    Consumer markets are growing in other parts of the world now (witness the growth of the Chinese middle class) so now corporations will sell to them instead of Americans...I don’t think it makes much difference to them...

  • @rext8949

    @rext8949

    3 жыл бұрын

    The US ?? The elites all over the world including the so called poor countries.

  • @cityofgardenerssg318

    @cityofgardenerssg318

    3 жыл бұрын

    @Thomas Hellberg China have created a market as big as the US by alleviating the poor at home. She is also helping Africa to become a market by enabling their economy through the construction of vital infrastructures such as roads, rails and electricity supply

  • @humboldthammer

    @humboldthammer

    3 жыл бұрын

    The corporations are global, and thanks to "financialization" they make more money borrowing at low interest rates and lending it back to the government, by buying Treasuries, for a GUARANTEED Profit. Works for THEM.

  • @StaggerLee68

    @StaggerLee68

    3 жыл бұрын

    They don't want you to get the goods, they want you to want to get the goods. You'll work harder and harder to get the goods until you are not useful to them anymore. When you break, you will be replaced. Sounds fun, eh?

  • @stevemartin4249
    @stevemartin42493 жыл бұрын

    14:30 - Also a dirty little not-so-secret behind the kabuki-mask of Japan Inc. 15:50 - The central Bank of Japan is doing the same thing through 'financial easing' under the cover of addressing the pandemic. 18:30 - Kudos to Varoufakis for acknowleding on those his privilege of a boutique lockdown is possible.

  • @chrisgadsby5700
    @chrisgadsby57003 жыл бұрын

    I love how Yanis speaks truth to power, even though my political outlook is different. Being European I've visited Greece and it's islands several times so I have great respect for his efforts trying to save his country from the EU. Btw I also have 2 of his great books.

  • @cinemaartsgroup
    @cinemaartsgroup3 жыл бұрын

    As long as our Politicians are in bed with Wall Street and Financiers, we will suffer. So be careful who you vote for!

  • @cathycrago2722

    @cathycrago2722

    3 жыл бұрын

    So true

  • @kidaria1333

    @kidaria1333

    3 жыл бұрын

    the financiers and intelligents services work and in hand and are so powerful these days every politican who goes against their agenda is going to have a car accident, drugs found in their office or something similar.

  • @robert-vx3jq

    @robert-vx3jq

    3 жыл бұрын

    does are vote really matter? who voted for biden or harris ,i cant find a single person ,who admits that one and trump was an act of desperation and failed strategy , i really dont think voters had much to do with ,dnc got exposed for a minute , but all forgotten so soon , they had more expensive strategy 2020/21

  • @lorrainewest7408

    @lorrainewest7408

    3 жыл бұрын

    @@kidaria1333 Aha The Pompeo CIA Man tra he said, We Cheat, We lie, We Steal. How Sad. Put it all together & it spells for me Doomsday.

  • @brainseagle
    @brainseagle3 жыл бұрын

    When the oppressed recognize their shared enemy as a philosophic pessimism about recognizing ones own humanity therefore others ability to recognize us. Make decisions on solidarity, unite the oppressed. Yonis is inspiring.

  • @rowlandmoris9000

    @rowlandmoris9000

    3 жыл бұрын

    Well with the crypto currency market favourable as it's investing now wouldn't be a bed choice

  • @rowlandmoris9000

    @rowlandmoris9000

    3 жыл бұрын

    I've seen different recommendations about Maxwell trading sevices, he must be very exceptional for people to talk this good about him.

  • @rowlandmoris9000

    @rowlandmoris9000

    3 жыл бұрын

    I think Maxwell is simply amazing. Making a profit of $22 in trade cycle with just $6k is just exceptional

  • @Ontheroadtourism
    @Ontheroadtourism3 жыл бұрын

    After watching so many woeful interviews this stands head and shoulders above everything I have seen. At last someone who has a real understanding of what is happening and is able to explain it in an understandable way.

  • @oyotundookubgegwa8790
    @oyotundookubgegwa87903 жыл бұрын

    Well, maybe people wouldn't rely on Amazon and big box stores if YOU DIDN"T SHUT EVERY SMALL BUSINESS DOWN

  • @LLShiningOtter
    @LLShiningOtter3 жыл бұрын

    Manners and respect oh what a wonderful thing to hear between two people “will you allow me to challenge that” oh thank you thank you gentlemen I so needed to see a respectful discourse

  • @JM-xd9ze
    @JM-xd9ze3 жыл бұрын

    Great interview. Wish it was longer.

  • @edwardk3

    @edwardk3

    3 жыл бұрын

    In particular where they determined yanis to be a member of the "defective gender". I was particularly impressed that this got by the hate speech detectors

  • @BoydGilbreath
    @BoydGilbreath3 жыл бұрын

    We are all in prison. This started about fifty years ago.

  • @NathanCroucher

    @NathanCroucher

    3 жыл бұрын

    Thatcher, Reagan?

  • @pauljacobson2207

    @pauljacobson2207

    3 жыл бұрын

    Evil Geniuses by Kurt Andersen

  • @GUSCRAWF0RD

    @GUSCRAWF0RD

    3 жыл бұрын

    😂😂😂 words spoken by someone who's never really been to prison

  • @thorkmunch

    @thorkmunch

    3 жыл бұрын

    @Mogulis Valar Shut up

  • @collybeans586

    @collybeans586

    3 жыл бұрын

    Thats how I feel!

  • @user-lq2bs7gm2m
    @user-lq2bs7gm2m3 жыл бұрын

    I really cannot describe how proud I feel that this man is member of parliament in my country.

  • @Len_J_
    @Len_J_3 жыл бұрын

    Excellent from Yannis. Extra points from the host. Wow. Clearly very intellgent. Don't get this on the BBC. Fantastic upload thank you

  • @diogenesdevletoglou6190
    @diogenesdevletoglou61903 жыл бұрын

    Extremely well made interview here, superb mojo for both!

  • @vinm300
    @vinm3003 жыл бұрын

    2:30 "“They had learned nothing and forgotten nothing.” Talleyrand on the Bourbon monarchy. Louis XVI was executed after the French Revolution (1789) His son Louis XVIII was restored after Napoleon Louis XVIII died in 1824 and his brother Charles X became king. Charles tried to rule as an autocrat, disregarding the constitution. There was a minor protest in 1830 ; inexplicably Charles' nerve went, and he fled to England. Talleyrand wasn't referring to this episode but it nicely fits his apophthegm.

  • @amurdera4409

    @amurdera4409

    3 жыл бұрын

    When you distort the truth society goes into chaos

  • @andrelemire9915

    @andrelemire9915

    3 жыл бұрын

    The Prince De Talleyrand was very precise /idiots always stay idiots!

  • @HermesSonofZeus

    @HermesSonofZeus

    3 жыл бұрын

    Thank you for explaining this. I'm an archaeologist/historian, but my background is in a different field. Also: 'apophthegm' = great word. Thanks again!

  • @johannbrandstatter7419
    @johannbrandstatter74193 жыл бұрын

    Honest, open, down to earth, not afraid to speak the truth - what a brilliant individual ! I hope we will see and hear a lot more of him in future. Europe, the people that is, would derserve a man like him, not the formerly unemployed and otherwise unemployable " nobles " that they push into so called leadership roles.

  • @PissMenn
    @PissMenn3 жыл бұрын

    This is the best discussion ever about current financial situation. Thanks ALJ!

  • @lennyemanuel924
    @lennyemanuel9243 жыл бұрын

    Great discourse. Kudos to the host for asking the right questions. Kudos to the guest for clear responses. Great work.

  • @rowlandmoris9000

    @rowlandmoris9000

    3 жыл бұрын

    Investing in cryptocurrency is one of the best ways to make money in trading

  • @rowlandmoris9000

    @rowlandmoris9000

    3 жыл бұрын

    In few years to come people will be kicking themselves in regrets if they miss this opportunity of buying and investing in crypto currency

  • @rowlandmoris9000

    @rowlandmoris9000

    3 жыл бұрын

    Well with the crypto currency market favourable as it's investing now wouldn't be a bed choice.

  • @rowlandmoris9000

    @rowlandmoris9000

    3 жыл бұрын

    W. H. A. T. S. A. P. P us for more interesting information tech. +. 1.8.4.8.2.2.8.4.8.3.4.

  • @pt5820
    @pt58202 жыл бұрын

    What a great interview fantastic job guys, I missed this interview until now. Thanks for showing it again.

  • @jokersmith9096
    @jokersmith90963 жыл бұрын

    Monopoly with large corporations is inevitable under capitalism... So techno-feudalism = capitalism.

  • @zarodgaming1844

    @zarodgaming1844

    3 жыл бұрын

    no man ... that's the usual fallacy that once you notice it, you look at others saying it for years and feel very "pepega" A Monopoly birthed from a true free capitalist system only exists and keeps existing only because it truly gives the best service for the price. A Monopoly birthed from our government-run "socialist-wannabe" system inevitably makes that fight of competing against it actually illegal, not just hard.

  • @zarodgaming1844

    @zarodgaming1844

    3 жыл бұрын

    Notice the guy on the video says " get organized " ... Where do you think you have better chances of organizing ... in a free lazeir fair system ... or a socialist totalitarian state that holds the right to kill you and rob you of your proprety " for the greater good "?

  • @thunderforest2487

    @thunderforest2487

    3 жыл бұрын

    @@zarodgaming1844 Yeah, people need to understand what we have now isn't capitalism, it's rent seeking. There's so much misconception about capitalism and advocation for heavy government intervention in the economy, which never worked in practice. Sweden had a very heavy socialist economy in the 70s and it didn't work and they switched back to a capitalism based economy, which is how their current public programs are funded. People should advocate for laws that prevent rent seeking behaviors, such as reforming Intellectual Property laws and ban on corporate donations to government officials.

  • @trygverran8366
    @trygverran83663 жыл бұрын

    Great to see these important voices platformed, speaking important truths. Thank you.

  • @alexluke_again
    @alexluke_again3 жыл бұрын

    what you were watching here is how interviews should be conducted. MSNBC, Fox News and the rest of mainstream media could learn a thing or two

  • @amandap9332

    @amandap9332

    3 жыл бұрын

    Problem is, those media outlets are working exactly how the corporations, who pay them, want them to.

  • @johnmcbride7743
    @johnmcbride77433 жыл бұрын

    Presenter thinking well on his feet. Good job, mate.

  • @infinitysteppingstone331

    @infinitysteppingstone331

    3 жыл бұрын

    Both gentleman are so refreshing to watch compared to the garbage in most media.

  • @bobytubeify
    @bobytubeify3 жыл бұрын

    I must be late on this but that presenter got fired from a different channel for criticising israel right? Literally haven't seen him since and then he appears here straight into "why are billionaires the worst?" Glad to see he's able to just state his views unlike in the MSM in America

  • @markd.holloman5187
    @markd.holloman518726 күн бұрын

    Yanis is my most favored individual on the planet currently; thank you Yanis for your clear brilliance, and unpacking the complex topics of Global finance for average peoples. I look forward to reading your publications, especially Technofudalism.

  • @deejay8ch
    @deejay8ch2 жыл бұрын

    My takeaway: Engaging with a technology platform (or a huge multinational corporation for that matter) is essentially having part of your associated wealth (attention, affiliation, time, money, personal data) extracted by a virtual autocracy aka doing a deal with the devil. We're selling our cultural, ethical, social and individual souls one digital interaction at a time. What a truly frightening cost for us all in the not so distant future (it's already beyond too much).

  • @balleraap007

    @balleraap007

    Жыл бұрын

    So 1776

  • @iamme9107
    @iamme91073 жыл бұрын

    Laymen should go easy and be kind to each other in these times. Everyone is hurting.

  • @dystopian2153

    @dystopian2153

    3 жыл бұрын

    👏

  • @brianwheeldon4643
    @brianwheeldon46433 жыл бұрын

    A great interview to use as a reference and measure against that which continues to happen world wide. Thanks to Yanis Varoufakis and Marc Lamont Hill the interviewer.

  • @zblofu
    @zblofu3 жыл бұрын

    Realy great questions! I love it when a journalist asks questions that I am actually curious about.

  • @angelrobinson334
    @angelrobinson3343 жыл бұрын

    *No 1: Don't Only Hope On Government's Responds On security Matter's And Economy growth,* *No 2: As An Individual You Should Be Safeguarded And Also Look For Different Self Business And Trade Not Only Waiting on Betterment of Stock market activities,* *No 3: Most Important Always Save The Little You Can And Think Of What To Do With It When It Become Good For Capital,* *Because Government Have Failed Us In Aspect Of Security, Economics Activities And Other Trading Systems.*

  • @maxwelljoshua7438

    @maxwelljoshua7438

    3 жыл бұрын

    @Frank Terry Yes sure Bitcoin trade is great unlike the stock market and other financial market Bitcoin has no centralized location since it operates 24hour's in different parts of the world

  • @juankeith9355

    @juankeith9355

    3 жыл бұрын

    Currently the rich stay rich by spending like the poor and investing while the poor stay poor by spending like the rich yet not investing like the rich

  • @lupitamary8973

    @lupitamary8973

    3 жыл бұрын

    Wise words that's just the fact and also what is happening day by day

  • @sarakaren2716

    @sarakaren2716

    3 жыл бұрын

    I'm just so Lucky to have Dr Benjamin as my investor he really understand all methods of Bitcion

  • @christianjessie1471

    @christianjessie1471

    3 жыл бұрын

    We get to see people remain poor due to ignorance and selfishness

  • @amania9254
    @amania92543 жыл бұрын

    Thanks for the Real Journalism! So much respect!

  • @quickenbeam
    @quickenbeam2 жыл бұрын

    Thank you for the excellent questions, Marc Lamont Hill! I salute you, sir!

  • @jeanneelliott7243
    @jeanneelliott72437 ай бұрын

    Finally something that makes sense during these crazy days! Thanks for this information.

  • @betaleonisdeneb4230
    @betaleonisdeneb42303 жыл бұрын

    CONGRATULATIONS ON YOUR NEW SHOW!

  • @itisimatadvc
    @itisimatadvc3 жыл бұрын

    Reality is so depressing.

  • @dbsk06
    @dbsk063 жыл бұрын

    Agreed. US “capitalism” is not capitalism, it’s techno feudalism

  • @davidcanatella4279
    @davidcanatella42793 жыл бұрын

    Money and equality will never live in the same neighbourhood

  • @Eusantdac
    @Eusantdac3 жыл бұрын

    Yanis is great! Always a pleasure to listen to him. Thank You Al Jazeera.

  • @jelmervandegraaff
    @jelmervandegraaff3 жыл бұрын

    I loved this interview but I can't get over the fact that Yanis would make a perfect bond villain..

  • @BabeTheAstrologer

    @BabeTheAstrologer

    3 жыл бұрын

    Because he is so sweet and nice?

  • @angeloconn1

    @angeloconn1

    3 жыл бұрын

    Hahahaha ur fakked

  • @kylewilliams8114

    @kylewilliams8114

    3 жыл бұрын

    "I'm sorry Mr. Bond, but the monarchy must go, along with the techno-feudalism that pays for your toys. You can join us in a better world, or you can disappear like the old world. By means of my SPACE LAZER!"

  • @mindcrusherxx

    @mindcrusherxx

    3 жыл бұрын

    Is he gonna hit Bond with Avada Kedavra while he's enjoying a martini? If there's a perfect role to cast him, that's Voldemort lmao

  • @olfrud
    @olfrud2 жыл бұрын

    that interviewer is a real journalist. something rare these days.

  • @prasadpapolu
    @prasadpapolu3 жыл бұрын

    Extraordinary clear vision! Unfortunately the world doesn’t appear to be benefitting from such great vision!

  • @nameless592
    @nameless5923 жыл бұрын

    Although am going to miss Mehdi Hassan am so freaking happy to Marc Lamont Hill

  • @michaelmoss5040
    @michaelmoss50403 жыл бұрын

    When Yanis talks, you listen, his economic vision, views is far greater than the many we hear.

  • @cryptout
    @cryptout3 жыл бұрын

    Well said Yanis, Techno Feudalism is a great term to describe these companies!

  • @cztrca
    @cztrca3 жыл бұрын

    lol. I talked about this back in Uni and they laughed at me.

  • @dominostimes2119

    @dominostimes2119

    3 жыл бұрын

    Bc they benefit themselves of that system they don’t have to fight to get it You don’t bite the hand that nourishes you

  • @glasrazuma933

    @glasrazuma933

    3 жыл бұрын

    They should. Former "minister of finance" of Greece is giving us lessons, really, he should be worried about his own country.

  • @cztrca

    @cztrca

    3 жыл бұрын

    @@glasrazuma933 lol. Thats partially fair. I think one of the bigger misconceptions about Greek finance policy is not that it is ruinous as many suggest, but rather the impact of the burdens of debt, and other integral outside factors can't be understated. The fact that modern day so called neoliberalism acts basically as a new form of Feudalism, is no longer a fringe theory.

  • @glasrazuma933

    @glasrazuma933

    3 жыл бұрын

    @@cztrca It is fringe still because those concepts are only accepted in far left circles.

  • @cztrca

    @cztrca

    3 жыл бұрын

    @@glasrazuma933 What parts do you disagree with and why?

  • @Aria-pt7to
    @Aria-pt7to3 жыл бұрын

    Yannis Varoufakis looks like he just came from a 'techno-rave' party

  • @bazle64

    @bazle64

    3 жыл бұрын

    The black host is gorgeous

  • @ignacio5283

    @ignacio5283

    3 жыл бұрын

    @@bazle64 I'm male, hetro. but what you said made me smile. Good on you Dee

  • @MAM-pd9mx

    @MAM-pd9mx

    3 жыл бұрын

    the man is like Yuval Noah Harari but on steroids

  • @malechi1973

    @malechi1973

    3 жыл бұрын

    @Ari a because how a person looks is so much more important than what they’re saying, right? 🤦🏼‍♂️

  • @charlessoper7686
    @charlessoper76863 жыл бұрын

    I like Yanis, he tells it straight, even if he's sometimes naive about power brokers as his book reveals.

  • @transcribeded
    @transcribeded3 жыл бұрын

    Marc, excellent interview, buddy. You are a pro and I wish you all the best.

  • @trasher84
    @trasher843 жыл бұрын

    Loved the books from this guy, truly inspiring human

  • @yoniwolf92
    @yoniwolf923 жыл бұрын

    Yanis is such an intelligent man he is so on point and succinct when he speaks.

  • @pneron2032

    @pneron2032

    3 жыл бұрын

    Just like Lenin and Mugabe.

  • @Rb39-ej5hh

    @Rb39-ej5hh

    3 жыл бұрын

    @@pneron2032 Just like Nelson Mandela and Martin Luther King Jr as well. It can go both ways.

  • @pneron2032

    @pneron2032

    3 жыл бұрын

    @@Rb39-ej5hh What do Mandela and MLK have in common with Yanis?

  • @Rb39-ej5hh

    @Rb39-ej5hh

    3 жыл бұрын

    @@pneron2032 Besides from being good public speakers like Yanis, they were both progressives who sought to improve the material conditions for people. How does Yanis have anything in common with Mugabe?

  • @pneron2032

    @pneron2032

    3 жыл бұрын

    @@Rb39-ej5hh Yanis is a rhetorician and self promoter. A millionaire socialist who did a photoshoot in his luxury central Athens penthouse apartment *literally* drinking champagne when he was finance minister, when Greeks were *literally* starving outside during the debt crisis. But his rhetoric is all about the poor and downtrodden, so that is enough. It's words, not deeds that count after all. Right?

  • @diggleboy
    @diggleboy3 жыл бұрын

    Great interview! Really enjoyed the questions, discussion and answers that were given.

  • @rioyoman
    @rioyoman3 жыл бұрын

    Another great example of great journalism by Al Jazeera. Varoufakis is a unique intellectual of our era.

  • @warrengosling
    @warrengosling3 жыл бұрын

    This is a fantastic interview that you'd never see on mainstream news

  • @anthonycullen8633
    @anthonycullen86333 жыл бұрын

    brilliant and insightful interview, and interviewer bravo to both

  • @xavilamo
    @xavilamo3 жыл бұрын

    Really like the journalist. here.

  • @chrissain3679

    @chrissain3679

    3 жыл бұрын

    Very Engaging movie from the beginning to the end apparently my view on the solution is to venture into business

  • @KootFloris
    @KootFloris3 жыл бұрын

    Mmm, it also began when Reagan released laws that restricted income gaps. It also began when we accepted the stock exchange as a gambling institute with few players. It also started when an accepted interest, like both the bible and Islam warn against. It also started when humans thought that personal achievement was not based on all the offerings of support and means around them. It also started when some started to exploit their own tribe for their own interests and got away with it.

  • @patriciomalbran3737

    @patriciomalbran3737

    3 жыл бұрын

    it also started with the appearence of the goverment...

  • @rockscaler99

    @rockscaler99

    3 жыл бұрын

    It all started with attachment beyond the current moment

  • @LG-bs1rs
    @LG-bs1rs Жыл бұрын

    Hands down best interview I’ve seen in 6 years

  • @dominickjvlogs
    @dominickjvlogs3 жыл бұрын

    Omg. I've been calling Ted Cruz a fuedal prince on Twitter all month. You guys are on it!

  • @mealexmailex311
    @mealexmailex3113 жыл бұрын

    An engaging convo... The guest is blunt and host is good

  • @JagoKestis
    @JagoKestis2 жыл бұрын

    Yanis seems like a great thinker and speaker, and also I applaud the journalist/reporter for being on his game with his research and not just being a wooden orator of questions 👏

  • @eagle-wingedturtle201
    @eagle-wingedturtle2013 жыл бұрын

    Very refreshing to see this conversation in the mainstream

  • @dariostefanutto5780
    @dariostefanutto57803 жыл бұрын

    I love so much the Greek accent that I'm kind distracted

  • @infinitecuriosity9210
    @infinitecuriosity92103 жыл бұрын

    Excellent investigative reporter, great interview, open dialogue, loved it, just excellent 🇨🇦🙏🏻

  • @edwardk3

    @edwardk3

    3 жыл бұрын

    In particular where they determined yanis to be a member of the "defective gender". I was particularly impressed that this got by the hate speech detectors.

  • @YamaKinoko
    @YamaKinoko3 жыл бұрын

    Thank you for sharing this!

  • @TheCarlosgrau
    @TheCarlosgrau2 жыл бұрын

    What an example of a well conducted interview. Thanks

  • @foreigncontaminant2015
    @foreigncontaminant20153 жыл бұрын

    Varoufakis, brilliant as always!

  • @EarlHare
    @EarlHare3 жыл бұрын

    They guard all the doors, they hold all the keys, sooner or later someone is going to have to fight them.

  • @swojnowski453

    @swojnowski453

    3 жыл бұрын

    They tried in Auschwitz gas chambers too ...

  • @balleraap007

    @balleraap007

    Жыл бұрын

    1776

  • @F.W.I.S.
    @F.W.I.S.3 жыл бұрын

    Thanks Yanis for such an erudite interview!

  • @Savantrez
    @Savantrez3 жыл бұрын

    Finally an intelligent conversation.