Yanis Varoufakis: How Capitalism Works — and How It Fails _ on Anti-War Progressive Teach-in

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Yanis Varoufakis: How Capitalism Works — and How It Fails

Yanis Varoufakis was already an internationally known economist and academic when he was elected to the Greek parliament as a member of the Syriza party. He served as Minister of Finance from January to July 2015. He resigned when Syriza broke its promise to re-negotiate Greece’s debt and significantly curtail the austerity measures which had led to the longest recession in post-war history.

Varoufakis led negotiations with Greece’s creditors during this government-debt crisis. However, he failed to reach an agreement with them. This led to the 2015 Greek bailout referendum.

Varoufakis criticized the troika of Greece’s lenders, the IMF, the ECB, and the European Commission. They insisted on these bailout loans. Varoufakis said that this was a transfer of losses from private banks to Greece’s and Europe’s taxpayers – another bailout.

Yanis Varoufakis is the author of many books in international distribution. Among them his most recent: Talking to My Daughter About the Economy. (2017) and Adults in the Room: My Battle With Europe’s Deep Establishment. (2017) and The Global Minotaur: America, the True Causes of the Financial Crisis and the Future of the World Economy.

He spoke at Town Hall at the University Temple United Methodist Church in Seattle, WA, on May 15, 2018 and was recorded by Mike McCormick of Talking Stick TV.
From a TUC Presentation.

This show was broadcast on July 7, 2018.

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The Anti-war Progressive Teach-in broaches upon some of the most highly charged subjects of our day—War & Peace, national healthcare, women’s rights, human rights, civil rights, torture, vets against the war, freedom, democracy, protest, demonstrations, etc. We scour the world to find and gather debates and presentations that are extremely informative and educational. Related subjects are also discussed. It provides key information for the uninitiated and the initiated alike.


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