I'm saying that 2008 was to capitalism that which 1991 was to Soviet communism it's end

between 1944 and 1971 the Americans had a surplus the money that they were making from the Surplus they were giving to Europe and Japan that was what's happening until up until 197 71 after that the Americans had a deficit which they used to suck into the United States the surplus of Germany of France of Japan and then China this is what kept capitalism alive

America has lost its capacity the American state has been hollowed out they cannot build Bridges they used to be able to really very well

before you go anywhere near globalization you've got to firstly to Define what it is

the transformation of feudalism to capitalism power shifts from land owners to the owners of factories

financialization you have another transation from the owners of capital to the bankers

bankers were supposed to be the Servants of capital but with globalization they became the the Masters of the Universe with one press of the button they could destroy two countries At Once by taking billions and billions from one country from let's say the United States hollowing out whole manufacturing areas destroying the working class there and throwing the money into Korea right and then when the bubble bursts in Korea with they press the same button and the money leaves Korea and Korea is destroyed

my last book which you kindly mentioned techn feudalism

If banks no longer receive deposits, how will they issue loans?

«Τα capital controls μέσα σε μια νομισματική ένωση είναι μία αντίφαση. Η ελληνική κυβέρνηση αντιτίθεται σε αυτή τη σκέψη», έγραψε σήμερα ο Γιάνης Βαρουφάκης

The climate catastrophe we're facing is the result of three issues, three processes.

I want to to encourage you to join DiEM25 because we are doing an enormous amount of work. Yesterday

but it's also the question of property rights. [

«νομοθετούμε μόνο με όρους και ας μας πετάξουν από το ευρώ». Γιατί δεν έχει σημασία τι νόμισμα έχεις, όταν έχεις μία σπασμένη οικονομία και έχεις προπληρωμή φόρου 100% δεν πα να έχει το δολάριο, το γιεν, το ευρώ, δεν προχωράει αυτό το πράγμα.

So they delayed and then came up with the kind of proposal you present to another side when you don’t want an agreement.

YV: The answer is no, and the reason is very simple: from the very beginning those particular countries made it abundantly clear that they were the most energetic enemies of our government, from the very beginning.

So what we have is a non-existent group that has the greatest power to determine the lives of Europeans. It’s not answerable to anyone, given it doesn’t exist in law; no minutes are kept; and it’s confidential. So no citizen ever knows what is said within. … These are decisions of almost life and death, and no member has to answer to anybody.

YV: Oh completely and utterly. Not attitudes – by the finance minister of Germany. It is all like a very well-tuned orchestra and he is the director. Everything happens in tune. There will be times when the orchestra is out of tune, but he convenes and puts it back in line.

Instead it should lead to major concessions to the other side: the meeting of the council of political leaders, with our Prime Minister accepting the premise that whatever happens, whatever the other side does, we will never respond in any way that challenges them.

our Eurozone is a very inhospitable place for decent people.

my constant proposal to the Troika was very simple: let us agree on three or four important reforms that we agree upon, like the tax system, like VAT, and let’s implement them immediately. And you relax the restrictions on liqiuidity from the ECB. You want a comprehensive agreement

You put forward an argument that you’ve really worked on – to make sure it’s logically coherent – and you’re just faced with blank stares.

“This is a horse and either you get on it or it is dead.”