Yanis Varoufakis with Professor Noam Chomsky at NYPL, April 16, 2016 | DiEM25
Yanis Varoufakis considers himself a politician by necessity, not by choice. An economist and academic by training, he became Greece’s finance minister amidst the country's financial crisis, creating an image for himself both beloved and reviled. He discusses his complicated role in his new book, And the Weak Suffer What They Must?: Europe's Crisis and America's Economic Future, and on the live stage alongside renowned academic and theorist Noam Chomsky.
Noam Chomsky is widely credited with having revolutionised the field of modern linguistics. Chomsky is the author of numerous best-selling political works, which have been translated into scores of countries worldwide. Among his most recent books are Hegemony or Survival, Failed States, Hopes and Prospects, and Masters of Mankind. Haymarket Books recently released twelve of his classic works in new editions. His latest books are What Kind of Creatures Are We? And Who Rules the World?
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If I could I would give Chomsky 10 years of my life just to keep him on this earth a little longer. He is an international treasure.
One day from each person who would like to keep him on this earth a little longer would be more than 10 years (10X365=3652=persons). You would have over the 6+K already at my reply. I did not give you a thumbs for this reason. A government that robs Peter to pay Paul can always depend on the support of Paul. - George Bernard Shaw
Mantis Toboggan oh my god me too...
Except for linguistics Highly overrated marxist. Distorting the reality.
@@grip2617 you should get one
@@darmok-hm6jx I second that. Put me on the list.
Varoufakis has been badly misrepresented by the media. He is a good, honest, man.
The good are always demonised. So much so - that anyone who is ridiculed, I take a personal interest in researching.
@@andyakarudolfhessiansack7936 agree im greek and the guy is honest bcause he isnt actually a politician,he teaches till now around worlds universities.
@paul w Even so...they have systematic ways of warping perceptions. Read Chomsky's "manufacturing consent". Great read it is.
Varoufakis is a great academic, that foremost acts upon moral duty, rather than utility. His biggest mistake was to take politics, which he had no experience. His taking up politics (Hellenic Ministry of Finance) because of duty, is rather erroneous; one should take upon something that one has experience upon - and this is the essence of recognising our limitations, before taking up something...
That's partly due to the fact that the Greek people who supported Syriza in big numbers were highly disappointed in the failure brought about by the negotiations with Europe. He's a great economist and thinker, but he has not been a great politician.
I have literally never seen Chomsky in a better mood than this; it was such a joy to see! He was sort of conducting this as an interview, which I've never seen him do! Also Varoufakis is obviously brilliant and one of the heroes of our generation. Long Live Noam Chomsky!
+Rollo Groast - Yeah. I felt like he was delighting throughout in learning and engaging with a man of equal intellect. He seemed so happy!
Sure they are at of the same intellectual calibre. Both are 100% theory and 0% practicality. Pseudo-scientists/pseudo-intellectuals is the better description for both. Mr Chomsky a professor of linguistics who understands very little about economics (apart that his net worth is over 2 million $) yet favours the socialistic direction in politics and Mr Varoufakis a megalomaniac who transformed from a nobody to somebody through a disastrous role as the Greek minister of finance. While he was in office he burdened the Greek economy with another 100 billion Euros of debt. I hope that with these lucrative speeches he saves money to at least pay back some of it to the Greek people that are now being taxed to pay those back. I don't hold my breath though!!
Είμαι Έλληνας. Ποιός είπαμε έκλεισε τις τράπεζες? η Τρόικα? είσαι με τα καλά σου? Η τροίκα δεν έκανε τίποτα τέτοιο, η Ελληνική κυβέρνηση έκλεισε τις τράπεζες κι επέβαλλε κεφαλαιακούς ελέγχους (capital controls) γιατί είδε την ρευστότητα των τραπεζών να εξανεμίζεται επειδή με τις μαλακίες του Βαρουφάκη και του Τσίπρα ο κόσμος άρχισε να τραβά όσες καταθέσεις είχαν απομείνει στις τράπεζες αφού όλοι φοβόντουσαν τότε κούρεμα καταθέσεων. Έχω σπουδασει οικονομικά και φιλοσοφία/ψυχολογία. Είμαι και επενδυτής και μάλιστα με ιδιαίτερη επιτυχία εν μέσω κρίσης. Κάτι σκαμπάζω από οικονομικά και όταν ακούω τον Chomsky και τον κάθε κρατικοδίαιτο παπάρα να μας "κάνει μάθημα" εκ του ασφαλούς, κουρδίζομαι άσχημα. The Greek people didn't want to accept the loan? ποιό loan? Ούτε γιατί έχουμε μνημόνια δεν έχεις πάρει πρέφα? ΟΜΟΛΟΓΑ ΕΚΔΩΣΑΜΕ και δεν έχουμε να τ'αποπληρώσουμε! Το κράτος μας φαλήρισε mister ξύπνα! Αφού προφανώς δεν έχεις ιδέα γιατί δεν το ψάχνεις πρώτα λίγο και μετά να κάτσεις να γράφεις ότι θέλεις?
C_R_O_M__________ Ah! Noam's net worth, and taxes are at least transparent making anyone with authority to probably dialect it very accurately. This is 'cause he's obviously ain't interested in Trump's way of balancing the assets and liabilities to be >0 so he could live a luxurious life funded by morons like you. Noam is actually willing to sacrifice his wealth for the betterment of the humanity.
Rachendra Pyakurel untill he puts his money where his mouth is what I say stands and you are the moron who believe in words and dismiss actions or a lack thereof.
Noam Chomsky is not only a "great thinker" but also a "great listener" which makes this conversation such a treat. Yanis Varoufakis is a brave man who takes responsibility for the decisions he made. Watching these two individuals sitting together gives new meaning to the word "enlightenment".
yes, he turned his back on all those criminal politicians to save his Soul!
AGREED!
and hope. I lose it every day when listening the utterances of politicians. In my german home we just elected a new government. I.e. we somehow didn't because none of the parties can govern the country alone. The way they creep up each others arse to get to power, you can't shovel in as much as you want to vomit.
.
O
"The one deficit that the Greeks could not bear was a deficit of dignity." That is a beautiful, tear-inducing line
Being Scots I can understand that. After the Battle of Culloden we suffered ethnic cleansing bordering on Genocide called the Highland Clearances that resulted in the Scottish Diaspora. The main reason we still exist is self belief & pride - that's all we had to keep us going !
1:07:00
+
Being Greek, I verify you this was exactly the case.
Is that the same 'dignity' they use when they charge the visitor more for an ice cream than the locals?
Seeing Chomsky in the process of learning is fascinating, he is so humble and eager, really inspiring
@i o lol, those are about as literal antonyms you could give describing Chomsky. Demagogue: "a political leader who seeks support by appealing to the desires and prejudices of ordinary people rather than by using rational argument." That sounds exactly like Chomsky right?... You know how he's always appealing to our prejudices... lol
@i o accusation of systematic racism is not an appeal to prejudice if the accusation is correct or supported by logical impartial arguements or studies. Also, wealth redistribution does not inherently indicate prejudice. Towards who would this prejudice be targeted? billionares? It is not all leftists that justify wealth redistribution through advocacy of eating the rich....
Yes, I was thinking that I had never seen him spend so much time listening intently rather than being listened to! I only got around to reading Varoufakis' book last year... I'm no economist but it was still an interesting read.
"Seeing Chomsky in the process of learning is fascinating, he is so humble and eager, really inspiring" - an example to us all.
I have never seen Chomsky as happy in a public event as in this one.
So true
Chomsky and Varoufakis are a vital part of something like a new avant-garde of public intellectuals who express an extremely well-grounded anticapitalism and new sense of social justice. Let's hope they'll keep on providing us with such precious content in the future!
+Hans R. I think true socialist economics (i.e. at least as left as Corbyn, not Sanders / Warren, etc) is a bit naive in its means, but these two have my infinite respect (Yanis for standing up to the Troika, Chomsky for his anti-imperialist critique) . Consummate standard bearers for the true Left.
+CaradhrasAiguo49 Corbyn can only be said to be naive when measured against current capitalist, realist, expectations. If we were to surmount these, and we must if we are to progress, then his policies are more than realizable.
JEZZAAAA
Yesterday's men. Communists.
Oh, that new sense of social justice. Social support for work. Work safety & regular medial check-ups to be healthy to work, to live longer and so be more effective in volume of benefits brought to community and to not become early disabled detriment to family. Having no worries, having home and necessities met, having enough for food if you are working full time and paying taxes. I know, seem like radical statements and new kind of an outlook. Who would amortise financial crisis we have? Me not having a third manshion with a yat I panned for, or if it is not my volume of excess capital - we need to tear Dow millions of grandparent, young people, mature people and children not having necessities, I think cutting the necessities seems logical.
I need to download this so that I can watch daily for the rest of my life so that I may unpack all these ideas and complex analysis.
I hope there'll be some more Chomsky - Varoufakis encounters in the future!
I hope they will come with a new plan and call for global revolution together. Im in :)
Chomsky and Varoufakis are amazing speakers who can draw on so much reading and personal experience and tie it together so fluently. Thanks NY Public library for helping me get to understand the then Greek Finance Minister's position.
Chomsky is a Zionist gatekeeper. As such, he ultimately supports the Deep State because it supports Israel, The Homeland of the J-s, which is why he doesn't actively promote third parties. He has openly said that he is a Zionist. And he tells untruths: www.gilad.co.uk/writings/chomsky-bds-and-the-jewish-left-paradigm.html
@@dpersonal4187 An Israel critical Pro Palestinian Zionist? That a new one.
There's always some bizarre crank comment under a Chomsky video - calling Chomsky a pro-Israel Zionist is a bad joke.
@@EclecticSceptic Chomsky hates Israel, hates America, hates Trump, hates people. He loves doom and gloom.
@@grip2617 My friend, that's a hyperbolic rant, not an analysis.
Yanis's revealing comments on the inner workings of the IMF and more is extraordinary. He also comes across as someone with remarkable intelligence and integrity. That's what a politician and economist should be.
If he was a real economist he would leave EU with Greece when they had the chance and now they would be a growing nations without any debts as Iceland is. But he wanted to be a leecher ever indebted to EU and Germany.
Give us a break he's a rat face A 4 month as a minister is all he's credit and made a total mess of the economy as he was on a mission to do so. Stop making stupid people famous.
@@ebrelus7687 he tried exactly that and got booted from his party for it
Noam Chomsky is a very humble man.
+Recto Verso He's a fat pussie you mean, so sad. clearly just hates white people I think, shame i think the people around him are too embaressed to stop him talking nonsence, what a loser
Noam Chomsky seems like a grandpa that the grandkids would favour.
Seeing these two together is such a treat. They are two of my favorite intellectuals and both are what I consider worthwhile and decent people.
He actually turned red when he used the word "power". Sweet man, extremely intelligent, and with a gift of explaining things in layman terms.
***** Yanis. I admire both men.
+Emine Dilek Maybe if he learned to stop interrupting.
+stefanos2691 I don't think that is entirely fair. Chomsky repeatedly asked Varoufakis to explain things to the audience and to answer insider questions that Chomsky was burning to know.
Emine Dilek I think you are from Turkey. What made you come here?
I have always had admiration for Noam Chomsky, but Yanis I never really took to until I watched this. All we ever saw of this man, was that which was portrayed in the media - a rebel who expected too much, and was just trying to ruffle feathers. Yanis conducted himself very well here, and I have found a new perspective of him.
yes, i have exactly the same view
Agreed, Yanis is alway's being badgered. Give him some space and he's brilliant.
Yanis was subject to a brutal smear campaign, the same as anyone else who dared question the wisdom of the austerity program. Today, they all admit it was a catastrophe, and yet they are all still in the same jobs.
He's been villified and smeared by the Media but shouldn't form your opinion on him based on your expected established lines of behaviour.
Same. I recall the British media presenting Varoufakis as some kind of trouble-making outsider who didn't really "belong" in the ministerial club. They were more interested in saying "Look! He wears a leather jacket and rides a motorbike! That's not how a real finance minister is supposed to act!" than they were in listening to the substance of what he had to say. Truth is, like Trump, Varoufakis came from outside of the political system and therefore hadn't been trained to play the political game by the rules like a career politician would. That's where the similarity ends, of course, because Varoufakis is an intelligent, principled, decent human being, capable of sharing a stage with Noam Chomsky ... and Trump is the place furthest from that :)
I am a Political Science and Economics major and as I listen to this conversation about how economics is taught I absolutely agree with them. It is all taught in a "perfect world" scenario. If they do a case study it is always a frozen moment in time. In other words, it is all this make-belief world of how economies operate. Throughout my education, it literally frustrated me of how can I apply these concepts in the real world. Which of course none of my courses actually teaches you the real-world impact. Nor did I had a single course who taught what happened during the 2008 recession or even the 1930 Great Depression. I actually became a Marxist not because of my economic background but rather after taking 2 courses who briefly talk about what Karl Marx talks about what a Marxist believe such has the capitalist is the one who controls the market/government. Which right away I agree with. Yet, I haven't assigned a single reading of Karl Marx. For that matter, none of my courses actually assign me the wealth of the nation of Adam Smith either. Only 1 class who briefly looks into the primary source of John Lock. In other words, the university hides so much stuff from its students. When I first went to university I taught I was going to learn on ho the world operates. What I have now come to realize is that academic-only wants to show you 1 side of the story and hide a vast amount of information from their student. What it did allow me is to develop my critical thinking skills on how to analyze data. I have now reached a point in my education that I have like 3000 books that I want to purchase and read but of course, I don't have the money to buy them and study them. All I can do I to buy 1 book at a time and eventually i will get all the books I need. The one thing that I found about intellectuals they all have a mini-library in their homes. Well, I guess I will become of such a person.
Use toilet paper stop educating wipe clean eat again try planting seed in toilet
@@carolinaquanonne597the fuck
read plenty online! there’s free pdf’s everywhere on the internet!
@@hajihajiwa My original comment was made 2 years ago. Sense that time I have read plenty of stuff online and soon I will be starting a new podcast where I will be teaching my friend theories
@@ericmacrae6871 Wonderful! whats the name? I'd love to tune in!
I have been waiting to watch this all week. It's hard to think of two people doing more to further public discourse, both intellectually and morally.
Here, here. I hope you are one those prepared to take action. Intelligent discourse is a prerequisite. Do you know Global Citizen? Take a look - pick a cause join us. Sing out load and clear. We are legion...
www.lrb.co.uk/v38/n03/ed-miliband/the-inequality-problem
Don't kid yourself!
Pl
Christ...this is wonderful. Thank you for sharing.
Fantastic discussion between two giants. Chomsky knew he wasn't as in the know on the topics as much as yanis so listened, asked questions and added value. That says a lot about the man given the ego he could try to impose but instead showed genuine interest, great.
Varoufakis is brilliant and a visionary! He is even more relevant today more than ever! Noam is as good as ever.
I appreciate their mutual respect. Two great minds sharing knowledge...I have so much to learn.
Varoufakis is a brilliant thinker, expert, and human being - those of us who are sick of corruption and cronyism in our institutions and politics should pay attention to what he has to tell us!
Two of my heroes.
Yanis is actually pushing Noam. I kind of love this.
+Ramzi Kawa Yes, but that's what is incredible. How is Noam capable of understanding and contributing at such a sophisticated level on a topic that he seemingly has no background or expertise in? It's mindblowing.
+icgantshat Noam is a bright guy. He skipped two grades in school.
icgantshat Well sure, but I think what's cooler is that we're seeing Noam actually personally interested. How things operate at a govt level is something he's always researched and talked about, but now Yanis is acting as a "man on the inside". Noam gets to hear about things not just as they are, but how they feel to be a part of. It's humanising this alien world. Cool stuff, glad it happened. Also glad Noam is still active after a little bit of radio silence from him this year.
+icgantshat We are all starting without even knowing how to speak. Why are you surprised that someone can learn things?
actually, are we? we learn words and some grammar and sometimes also make it up, but some if not most of it would be innate. why are you not surprised that a person in his 90ies is not just capable to fill lecture halls, but being booked for years in advance?
Mr. Chomsky I have followed and read many of his writing through my lifetime, 64 years. Yanis is new to me and very much encouraged for the generations to come. Great work, thank you, stay safe🙏🏻❤️
Yanis Varoufakis a vocal alternative to Economic/Corrupted System we are currently yoked to. The ideas for a new paradigm, are formulated daily, and all it takes is agreement. Shout it out from the rooftops, Yanis!!! Bravo Chomsky/Varoufakis!!!
This is gold. At first, I thought the organiser should have provided a host, but once the two get warmed up and launched, you find yourself appreciating every second of it. Enjoyment is reached quickly and lasts a long time with this one.
High quality dialogue.
Noam Chomsky is not only a "great thinker" but also a "great listener" which makes this conversation such a treat. Yanis Varoufakis is a brave man who takes responsibility for the decisions he made. Watching these two individuals sitting together gives new meaning to the word "enlightenment".
Wow, this is the first time I've heard Varoufakis speak like this. I'm highly impressed. He's a very clever guy.
genuinely the first time ive seen somebody teaching something to noam and he wants to listen
I liked seeing Yanis help Chomsky to his seat. You can tell that these men have so much respect for each other that comes from careers telling truth to power. Thank you both for this wonderful talk
Excellent talk of two of my favorite minds of today. Fortunately we have a new generation, in Yanis. So, I am somewhat hopeful!
Keep democracy alive! I really enjoyed this very engaging and informative talk.
These guys are socialists, not much democracy there, just false claims and intellectual dishonesty.
"These guys are socialists, not much democracy there," Clearly you know nothing about socialism because there is in fact more democracy in socialism than in capitalism as democracy is spread through non-political institutions as well. As for false claims, name one.
what a pleasure to listen to both
unless one happens to listen "too" closely, then you're only a few minutes into it suddenly [09:10] disappointed...
Well he ist after all an Economist
@@sctelly3612 well someone can be a great thinker even if they are wrong
I met Prof. Chomsky today for the first time. His civility and kindness really impressed me. I would like to invite the viewers to notice, at 1:41:07, the first thing he does is saying "thank you for this" to Mr. Varoufakis referring to the pin the latter gave to him. He's a great human being.
+Michele Filannino It is a Jedi mind trick Chomsky uses. He is really quite an insidious person.
Deep Thought Where did you see a debate between Chomsky and Harris? I was unaware they had one. Could you link it please.
Deep Thought Someone got their panties all in a twist. Hissssssss!
Deep Thought You are a liar. They never debated. They had a private email exchange that was later published by Harris. I am sorry I defamed your idol. I didn't realize the blind passion and faith that was in involved.
Deep Thought Chomsky is a broken record that had some early hits but he keeps replaying them in his boring, monotone, sleep inducing voice. Chomsky stinks and should be extradited to the Sudan.
Varoufakis seems quite starstruck by Chomsky here. It's really sweet!
ha! I found it endearing to see how engaged and engrossed Professor Chomsky was with what Varoufakis had to say. A truly entertaining, educational discussion I feel privileged to have had a chance to eavesdrop.
Became his toyboy later
Wonderful watch as expected with these two on the same stage. Rest of the world needs to take note when we're fortunate enough to have people of this intelligence and calibre voicing the wrongs to the world rather than being the oppressor.
We have an extraordinary oportuniy to be educated by the world's greatest.. grab it while you still can..
Are you fucking serious? chomsky has a great intellect but see most things through a Marxist lens and varoufakis has to be the biggest joke to come out of europe in decades. The Greeks wrecked their own economy through lying and falsifying their budgets. Who did they think was going to pay for it when it came crashing down? He made it much worse with grand standing and empty rethoric, then rides off into the sunset with his millionaire heiress wife, funny how he didn't want her wealth redistributed. Chomsky sharing a stage with this clown lays bare his hatred of capitalism and of the west. Actually I take back what I said about his great intellect. I just remembered most of what he's said about Islam. The emperor has no clothes
+JNClaffey I am no big fan of Varoufakis. He is an all talk idealist(in contrast to pragmatism) and has some very dangerous ideas on how to negotiate the fate of generations of his own fellow Greek people (based on his work on game theory). Secondly yes the Greeks have "falsified" budgets (through shady financial tools) with disastrous concequences on them (including myself). BUT that does not alter the fact that his view on how EU operates is correct. Neoliberals have gotten grasp of the fates of more than 300 million people are imposing catastrophic financial measures on some of them creating new elites without a hint of democracy. And I dont know whether this austerity course of action for Greece, Spain and Portugal and other periphery countries is the correct one but one thing is for sure...the EU is not meant to be a democratic union of countries that would result in financial union. It was meant to be a financial construct ("free move of movement of people, goods, services and capital") not a democratic institution.That is an afterthought and you can tell that since the will of the people is not expressed in the EU laws (which according to EU supercede national laws and constitutions). So yes the emperor has no clothes...
Good reply, I'm no fan of Europe, or rather the mess that has been made of the ideal, the closer you try to bind Europe together the faster it will fly apart. Europe never had a homogeneous culture or people. The euro was designed for German interests by Germans. They exported inflation while running huge budget surpluses. The Greeks should have got a big write down of debt in line with serious reforms, but socialist governments won't do that. They are too wedded to an ideology to face reality. I'm Irish and we also got fucked over. We made huge mistakes, spending on the public service tripled in a decade while services got worse. It was about priming the vote pump. The bailouts were really about protecting French and German banks. Germany has 75 trillion of derivatives, they have the most at risk banking service in Europe. The narrative here has been to blame greedy capitalist, capitalism isn't just about maximising profits it's also about minimising losses. We have worst of both systems in Europe. Socialist parties, and they do run most European countries need large budgets to function. Corporatism is the offspring. I was more of a centrist before all this happened, now I'm a firm believer in small government and the free market
+JNClaffey I mostly agree. Yes we dont have a european identity. We identify ourselves by our nationality first, whether it be Greeks, Irish, Germans... we identify as europeans a distant second. True about the Germans as well. As for us we thought we were on par with Germany's economy just because money was cheap (easy to get credit when you hide behind Germany). I see what you mean on Ireland... did not follow that story closely but I think that you are at least out of the woods. As for the narrative yes... these are two people that have really radical ideas (too unstable to my view) on how things should be. As an ideology now I am still a centrist but would probably go along with capitalism when and only when there is oversight and control (dont want us to end up with social inequalities like in the US) especially with banks. I think that leads to corporatism. But I dont think we are there yet. You are right that in principle socialist parties run on larger budgets but Europe is not socialist. Majority is liberals and right wing governments : www.theguardian.com/world/datablog/2015/jun/22/third-eu-governed-by-centre-left-data . But tags alone dont make for good or bad politicians or policies. And just to give an example of a good idealist our current labour minister passed just 4 days ago a fine piece of legislation that covers social security, pensions taxing middle and higher incomes (over 12k euros anually... yes were are there now) without touching the employers contribution in order not to kill growth and create unemployement. And he identifies himself as a sworn communist.
2 Things I want to add to this great video: 1) 46:00 - 50:00 is probably the best part for me in this video. I did not know about this, and it makes me incredibly angry to see elites play with the lifes of people for the sake of power and greed. I knew Schäuble was bad, but I did not know how bad. 2) There is a speech on KZhead from 1996. It was held by Gregor Gysi (German politician in the Bundestag=German parliament of then called PDS=Party of democratic socialism now called Die LINKE=the LEFT) on the topic of creating the EU and introducing the Euro. His main criticism was exactly what Varoufakis was saying, namely that the creation of a common currency without common politicies and laws would eventually lead to massive poverty and the rise of far right parties. He predicted the events of the last few years with scary precision. The main motor of this development is the fact that the Euro chronically underestimates the German economy. In a European system of national currencies a strong German economy was no problem, because the value of the Deutsche Mark(=German currency before the Euro) could be increased according to the economic power, making it easier for competing businesses from other countries to sell their products. Methods to achieve this are to have the federal bank intervene or to raise wages on order to expensify German products. In a monetarily united Europe the first option does not exist anymore, because the authority over currencies is held in Brussels. The second option is off the table, because it contradicts with neoliberal policies, that have been and still are pursued. Fast forward to today, where Germany has the biggest low wage sector in Europe, because of the policies called "Agenda 2010" and "HartzIV" implemented in the 2000s, which rapidly boost the German economy to the expense of the German workers and the rest of Europe, strengthening the crisis and worsening the austerity.
Richard Foxx was socialist now I have to widened my horizon with Yanis and Noam...
It’s always refreshing to see a fellow Mediteranean native being so vocal :) and Dr Chomsky is of course worth every second of attention
This conversation between Yanis Varoufakis and Professor Noam Chomsky is as always an enlightening exchange of ideas that sheds light on pressing issues. Their intellectual synergy is seriously inspiring
This was priceless - thank You for the upload!
***** So, when You post a comment like the one above, do You see yourself as a bias-free person? I just liked a video I watched and thanked for the upload and that ruffled your feathers .. geez roflmao
+liedetector101 You provided nothing to the conversation. I'm generally right wing and found this to be a very interesting primer on the battles between globalism and nationalism, neo liberalism vs democracy, and the economic authoritarianism vs economic liberty .
Momma llama In a Can Ohh but You provided something when You wrote: "yes indulge in your SJW confirmation basis"? You could have just farted and that would have been just as good. You can't go around insulting people thinking You are saying something meaningful.
Eusunt Dac " Ohh but You provided something when You wrote: "yes indulge in your SJW confirmation basis"? " You're replying to the wrong person.
Momma llama In a Can Yes, I provided the knowledge that You are not saying anything. Obviously that's news to You rofl
This was the best economics and finance discussion I've ever heard. This is must-viewing for everyone. This should be the most popular video on KZhead.
Yes, and probably would be more popular if had English legends
@Snappingturtle 267 and you have? What's your LinkedIn?
@Snappingturtle 267 You must work in a blue collar business then. No offense, those are incredibly valuable, but with most application in finance and tech, engineering, etc. you have a blending of theory and practice. For instance, I'm a software engineer and there are plenty of people who talk about "practical" vs "theory". But you look at the systems designed at Amazon and Google, they use formal methods that are "academic" and "theoretical", but they are applied to practical uses. Same goes with finance.
@Snappingturtle 267 But I understand where you are coming from. A lot of things economists say, you can detect their biases in how they talk. They often only speak at a 100,000 foot level and it's clear they don't really have an idea of what it means to have "boots on the ground".... still, these are valuable ideas to have, no? They point is that people take the ideas developed by academics and refine/adapt them (this is the example I am describing with Amazon lamport.azurewebsites.net/tla/formal-methods-amazon.pdf)
Snappingturtle 267 it’s not your fault!
What an astonishing interview. It lays bare the masquerade that is late capitalism. Well worth the time.
It is not only a privilege to listen to these two enormous intellects discuss such critical issues here but also great to see the passing of the baton from one who is nearing the end of his public life to one who is coming into his prime. We need this type of fearless critical thought and public expression so desperately in the days ahead and Mr Chomsky could not have endorsed a better man to take on this important mission.
This is absolutely breathtaking.
I am hearing this concept for the first time so I must confess that I’m still in shock with what I’m hearing. I studied fundamental economics in college. There were models and formulas that I was told to memorize and understand. So the claims that Varoufakis makes are jarring and yet intriguing..He’s proposing that capitalism is Not democratic; nor is democracy and capitalism beautifully dovetailed together. Wow! I’m going to delve into this research and see if there is a logic to this. I don’t resist change when the truth is irrefutable.
If you haven't checked out 'Doughnut Economics' yet I would recommend that as a great counter point to a lot of prevailing economic theory. Shows how a lot of the assumptions that inform the models you had to memorize are just based on nonsense. It also offers a compelling alternative
'He’s proposing that capitalism is Not democratic; nor is democracy and capitalism beautifully dovetailed together. ' lol what a brilliant new insight
@@Alex-tr1vx thanks
@Snappingturtle 267 I appreciate your comment and perhaps you’re giving a word of warning. I can respect that if the guy truly is a crackpot or his paradigm simply isn’t relative anymore. There are a couple of great brilliant and noteworthy economist that I follow that have inferred that some aspects of capitalism are not perfectly aligned with the concepts of democracy however I don’t just go along with everything an expert claims. I think it’s important to challenge their information and go back to source data that has been peer reviewed.
Capitalism isn't democratic whatsoever, and it doesn't even pretend to be. Private corporations are inherently undemocratic, they are an oligarchic or monarchic organizations. The market is inherently undemocratic. Workers don't vote for their CEOs or bosses, and consumers don't have equal representation due to inherent income inequality in capitalism. Both of these conditions are vital to democracy.
This was joyous. I did not want it to end.. Extremely informative and very interesting. Two brilliant minds and great orators. 🌱🌱
An absolutely brilliant exchange. Noam's torch as a leftwing public intellectual is still burning bright, and I think it will be carried into the future in Yanis's safe hands.
Watching this in November of 2019,I mourn for the opportunities missed and hopeful that the people of the first world will one day soon unite against their elitist oppressors.
This dialogue shatters the repulsive hypocrisy of 'neoliberalism' and should be known by everyone . Thanks to Varoufakis and Chomsky !
God damn it! We need this subtitled in every language pronto! :)
It's amazing to see Chomsky's line of inquiry, and also that he doesn't already know all the facts. Amazing!
Both were named top 10 current intellectuals in the world by respectable sources.
I believe you, could you give a link to the list out of curiousity.
Respectable sources=masonic,elitist,globalist controled media. NO FUCKING THANKS!
alexander 323 konstantinos χριστιανοταλιμπαν!!!! Είστε παντού σαν τις κατσαρίδες 😂😂😂😂
Hard to dispute that
We really are fucked then.
Tks for letting us hear this conversation.
Magnificent. Simply must see and hear all till the end.
What a great conversation on important topics!
Two of the outstanding progressive thinkers of our era.
Thanks for the full upload, i watched a ten minute clip of this last week and thought i would love to see the rest. I could listen to Norm and Yanis pull apart our daily bullshit all day, no wonder they don't get much mainstream airtime the illusion would crumble away completely :)
Brilliant discussion. Chomsky has read the book and asks very sharp questions to keep Varoufakis on track.
I love the way Noam almost unknowingly giggles so innocently like a child . He is just an amazingly respectable human being .
Noam has such a quick and searching mind. His questionning and probing of information presented by Yanis was simply exemplary. Both understated, polite and non threatening while getting to the essence of the matter. With the benefit of hindsight looking back from 2023, it's become increasingly easier to predict that revolution will happen in Europe and likely the USUK too. That it is a non-violent revolution is key to its success. Not only Europe but the world is now on the cusp of something much bigger. The immediate threat of war in Europe and West Asia (Middle East) and the dying throes of a US empire and imperialism out of control. This decade will see either a new beginning for humanity as a whole, or the beginning of an unpreventable end of the civilisation and society we know. The climate crisis is now recognised as being out of the control of the present corporate-economic system and complicit governments. With an Earth Energy Imbalance near off the charts since 2009 and the lack of inclusion of key factors by the IPCC in its reporting over the years, life is all but guaranteed to be brutal for the global north as it is already for the poor of the global south. It's salutory to note that this catastrophe was not mentioned or alluded to in this talk. Humanity so easily silos discussion when the reality is we must take all relevant material and significant factors into account. It will be our undoing as a species. The people still don't understand our governments will not save us, or help us. They work for the corporations and international capital. Non-the-less, thanks to both for the discussion. Bons Voeux et bonne Chance
What a fascinating conversation! Thank you.
My two favourite intellectuals! :D
5 star conversation! Thank you so much for the upload!
Powerful, empowering, informative, & long overdue. Thank you!
"One of the paradoxes of neo liberalism is that its not new and its not liberal"...sheer wisdom wrapped in eloquence and comedy...george carlin would've loved this statement...
Wonderful men .. great conversation. Let's unite, people .. it must be over for the 'grasshoppers'!
Faith in humanity restored.
two academics, one who plunged into the public sphere as a public servant and with invaluable real world experience - fascinating discourse with cutting edge and unfogged insights, thank you uploader !
I hope that comes soon the revolution and the poor become rich! I wish much success to Yanis, who sells many books and so can help your people, thank you all for sharing !!
WOW. Very insightful indeed!
Noam Chomsky respect. Great mind, great personality, great scientist, great man!
Chomsky is a very intelligent man-But he suffers from the delusion that just because he understands ONE topic (Linguistics), he understands ANYTHING ELSE- -He Doesn't. smh
I don't think you would think so if he weren't a Leftist.
@@mck1972 Would you prefer if he had a piece of paper saying he understood it (a degree)? He is extremely well read on philosophy, history, politics, etc, and has written dozens of books on politics. If that doesn't qualify him to an informed opinion, nothing could. Chomsky could easily be a professor of politics but chooses to stay in his field of linguistics. Indeed he taught politics courses in MIT on the side. Feel free to disagree with Chomsky but don't pretend he is not informed.
@@EclecticSceptic , I’m not sure you are really getting my point here: Just because Chomsky can retain & recite information about Politics, does not mean he really understands Politics. Any more than Chomsky merely retaining & reciting pro football stats, would mean that he understands that sport enough to play or coach for an NFL team!
@@mck1972 If Chomsky can't understand politics after his decades of intense study and intervention, then nobody can.
Wow very impressive !! Chomsky is a legend.
+stefanos2691 AHHHAHAHAHAHHAHAHAHAAHAHAA..... spot on!!!
+Kostas Spiliotopoulos I see you on every Yanis Varoufakis video lol :) You're such a fanboy!
I should be a fan... On point... Thumbs up...
The comments below are the most intelligent I have read on a blog. Well done all of you and of course Noam and Yanis, Titans indeed!
Beautiful! Thank you.
I still can't get over the fact that this is the same guy who wrote about the economics of hats in TF2 for a while. Holy fuck.
+Farco It's an interesting market because it's not subject to much of the government intervention or monopolies that naturally spring from some markets.
+Brian Kamras doesn't valve intervine at times?
Important discussion from an old man who owns a broad and still deep knowledge about all topics...and a man who owns a deep and exact knowledge of how the financial machine actually operates, been at the coal face in battle with the beast - varoufakis' voice is integral to shaping the future of Europe. I am surprised he hasn't been silenced more heavily
its because the capitalists think we are too stupid to react. they are right though
Love this talk! It should be in every school.!
A master class in listening. Noam Chomsky allowed Yanis to elaborate his points without interruption and only intervened to make salient points.
"my dear boy, you're confusing that which is interesting with that which is useful. This is interesting" died!!! had to cover my mouth from laughing too loud at 1am.
Absolutely brilliant! Thank you
I am totally enjoying this footage. The comments on here are also as life-affirming as the live discussion between YV and NC. Thanks to all.
I have great admiration for both men.
very good speech, every single time good people talk, you can see the light, even if it is for a brief time.
I love how unapologetically star-struck Varoufakis looks when gazing upon the iconicness of Chomsky!
I have enormous respect for Chomsky. He is generous in sharing his knowledge and I believe he genuinely wants to help create a just and equitable world. God bless this good man💗
The best talk I’ve heard in years. And I am an economist.
Can you please make a second part? Another discussion between Noam and Yanis about the state of affairs today?
Inspirational talk! (even for a non-iconomist like myself) Thanks for the upload!
So enlightening, so explicit , you get to understand so many things you never hear around. Why such a few persons speak out the truth? Apparently they need to be great personnalities with intellectual , philosofical background as well as a deep knowledge of all aspects of economy . Courageous and daring . I feel grateful for their presence
Neo Liberalism is "Not New & Not liberal" what a wonderful political Joke! Ha ha haaaa!
Ya Adam smith today would probably be seen in america as a socialist. His condemnation of the rentiers would make him a radical.
@@james192599 Yes, and also John Maynard Keynes
Not bad for a marxist.
@@grip2617 I bet my left nut you don't actually know what Marxism is.
@@tcritt I bet my right nut you don't actually know.
This was fun to re-watch after a few years. Well, more like terrifying in late 2018.
Yanis is a champion of truth and humanity. ❤
This talk is so important that needs at least subtitles in English, let alone other languages.
Two super heroes in one show !
Both of them are great human and great intellectual
excellent definitive exposure.
The power of these two people is there ability to say plainly and honestly. Not defer but as equals. I found it deep and interesting but although I did not understand all I have got the gist. A more thought provoking and a little different understanding of how we have got to where we are now than I though. That understanding largely made clear by putting these two men together one to draw out the points from the other.
excellent.. am gonna put the kettle on first before I relax and put my feet up and indulge..