In part 2 of this four-part INET "From the Director's Chair" interview, INET Executive Director Robert Johnson talks with Greek economist Yanis Varoufakis about Varoufakis's new book The Global Minotaur: America, The True Origins of the Financial Crisis and the Future of the World Economy.
After the waves of financialization undertaken to feed the Global Minotaur, we are in the midst of a crisis and left with a "bankruptocracy," Varoufakis says. The surplus recycling mechanism has broken down and "States are bankrolling bankers to remain in control of their bankrupt banks at the expense of the taxpayer," he explains. Will we keep sputtering or is there a way out of the Minotaur's labyrinth?
online courses concordia Yanis Varoufakis: Bankruptocracy 2/4 | |
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