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Home / Video / What is money and who rules the world? | Yanis Varoufakis | Escaped Sapiens #46

What is money and who rules the world? | Yanis Varoufakis | Escaped Sapiens #46

Summary:
On this episode of the podcast I speak with Yanis Varoufakis about the role of banks and politicians. Yanis is an economist, politician, author and Secretary-General of MeRA25. He is perhaps best known for his role as the Greek Minister of Finance during the Greek credit crisis. In our discussion we cover some fairly big questions: When banks are bailed out, who really foots the bill? Who are the winners and losers during inflation? Are those that control the means of production still the dominant class? Why powers do politicians really have? What might a non-exploitative social economy look like in practice and is there a peaceful way to get there? ►For more information about Yanis: https://www.yanisvaroufakis.eu/ ►Follow Ola on Twitter: @yanisvaroufakis These conversations are

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On this episode of the podcast I speak with Yanis Varoufakis about the role of banks and politicians. Yanis is an economist, politician, author and Secretary-General of MeRA25. He is perhaps best known for his role as the Greek Minister of Finance during the Greek credit crisis. In our discussion we cover some fairly big questions: When banks are bailed out, who really foots the bill? Who are the winners and losers during inflation? Are those that control the means of production still the dominant class? Why powers do politicians really have? What might a non-exploitative social economy look like in practice and is there a peaceful way to get there?



►For more information about Yanis:

https://www.yanisvaroufakis.eu/



►Follow Ola on Twitter:

@yanisvaroufakis



These conversations are supported by the Andrea von Braun foundation (http://www.avbstiftung.de/), as an exploration of the rich, exciting, connected, scientifically literate, and (most importantly) sustainable future of humanity. The views expressed in these episodes are my own and those of my guests.





Menu:

0:00 - Introduction

0:55 - Best swimming in Greece.

3:41 - What is money?

9:50 - Why do economies crash?

19:10 - Winners and losers of bank bailouts.

25:40 - Alternatives to saving the bankers.

33:30 - Where are the European Tech Giants?

37:40 - The European Catastrophe.

41:50 - What is the EU lacking?

43:55 - Forced Federation.

52:00 - Who holds power today?

56:30 - Buying shares and using amazon.

59:50 - What makes you happy?



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Yanis Varoufakis
An accidental economist Let me begin with a confession: I am a Professor of Economics who has never really trained as an economist. But let’s take things one at a time.

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