Yanis Varoufakis

You're goddamn right.

All right, and I guess my last word is I'm going to extend an invitation to hopefully listener and friend of the show and former Greek finance minister, Yanis Varoufakis.

Please come on the show.

Some random Greek dude on the show would be hilarious.

I think if, like, PASOK and all the Greek parties had acted... far more proactively, rather than playing chicken.

The Greek recovery would have started early if they hadn't had that last, with Varoufakis and Tsipras, this last game of chicken right at the end, and in the end they blinked.

That kind of aborted what was actually then becoming a Greek recovery far earlier.

So I think the Greek political elite... bear as much if not more blame than the ordinary greek people and that would have been a horrifically painful event anyway but we saw like a south korea like after 1998 south korea also had a massive financial crisis there and that country responded far more aggressively and they thought like it's like if you suddenly have to do something do it quick do it sharp don't stretch it out don't prevaricate just get it done, and they recovered very strongly, and obviously now is one of the wealthiest countries on the planet.

Welcome back, everyone.

We are joined today by Yanis Varoufakis, an economics professor and also the former finance minister of Greece, as well as being a founder of DiEM25, that is the democracy in Europe movement.

So thank you for coming back on the program.

Well, thank you, Glenn.

And then he also, I should say, the neo slash techno-feudalism stuff also has a somewhat indirect relationship because, you know, he also complains about, one of his objections, although he really loved Infinite Greed, one of his complaints was that, oh, I still rely on, you know, the Marxist labor theory of value.

And then in conjunction with him complaining about that, he seemed ever increasingly sympathetic to Varoufakis in particular, but this talk of neo- or techno-feudalism.

And so part of my work is also involved showing the continued relevance of the labor theory of value coupled with arguments about why I think Slavoj or anyone else should be really a little more cautious about appealing to this techno-feudalism literature.

and giving it more legitimacy than I think it deserves.

But they have been undermined very deliberately by right-wing governments, particularly in America, for 40 years.

Now, Yanis Varoufakis, Sydney Uni lecturer.

Yes.

He speaks about the GFC and says, Trump won the moment Obama bailed out those banks.

I'm a big fan of Yanis Varoufakis.

I think he puts things really clearly and he's obviously an economist and a politician and would know.

It was very interesting.

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