Yanis Varoufakis - 'Political Economy: The Social Sciences' Red Pill'
Economy | Information | History | Online | Facts | World | Global | Money
A lecture given by former Greek Finance Minister Yanis Varoufakis, at the University of Sydney, to celebrate his appointment as Honorary Professor in the Department of Political Economy.
Comments
-
To continue my point, I argue that Henry George was a better economic historian than was either Marx or Keynes. One of Henry George's great contributions to political economy as a method of scientific investigation was to separate nature (i.e., land) from human activity (i.e., labor) and the goods (i.e., capital) we produce from land with our labor, without or without the aid of goods previously produced. Land is defined as the source of individual wealth but in the realm of the commons, available to all as our birthright. This analysis of how the world works led George to argue the case for a labor and capital goods basis for private property. The taxation of income and assets so derived he argued is an unjust confiscation of private property. That portion of wealth belonging to the community is derived from locational advantage enjoyed (and protected by law) granted to individuals and entities. Such advantages yield rents that must be fully collected by the community in order to secure equality of opportunity.
-
Yanis, don't use phrases like "fascizm in Poland". Poland is biggest victim (together with jews) of II World War and 6 million of Poles died opposing it. We hate fascizm and are as far from it as possible. Not everything right-wing is fascizm and actually I would remind you that NSDAP were socialists, so its rather left-wing side of things that should be ashamed for fascizm.
I know that in Western Europe everything that has mark of "national" is stamped as "fascizm", but this is simply not true and its propaganda. Please get your facts right in exact definition of fascizm.
We try to rebuild our country after 123 years of not being on a map of Europe (Austria, Prussia, Russia occupation), I World War, II World War and 50 years of communism, so with all do respect Sir fuck off from Poland. -
Wonderful lecture and a wonderful man, despite the fact I disagree with Varoufakis's political philosophy.
-
I would very much like to see a discussion between Yanis and Michael Hudson, I hope that at some point they agree to do that.
-
Great lecture!
-
One more thing of the answer of Yanis to a New Bretton Woods, the "original" ideas of Keynes where thought and "delivered" to him and other European Economists
as Gessell and otherby Agostino María TruccoItalianthat created the Hallesism, persecuted by Mussollini, and restricted by Keynes from it´s full implementation on Bretton Woods leaving only the financial elements to create the World Bank and the IMF tight to the US so as not to work international trade with the Hallesint Foundation and a transactional currency called THE HALLIS. Now, backing up Yanis ideas of a New Bretton Wood ALL could be implemented in no time IF and only IF the social worldwide pressure on political and institutional grounds is done. MJY -
Brilliant as always, but what about solving political economies NOT from polítical thought or economic thought but from factual and especific resolution of problems.
For example:
1- Separate Financism from Capitalism of labour and production, so as to take finances to what it should be... a multiplier of the "real stuff"real economiesand not a subjugator of every bit of gains produced by our mother land, goods, products and services.
2- Take away "labour and production" qualifier and start using a more rooted definition as Human Capitalism and start working on it.
3- Frame "capitalism" to maximum and minimum limits that can be "minimum satisfaction of human needs" or "maximum explotation of world resources" or what ever M&m elements to incorporate that could be thought.
4- What about "dislocating" capitalism from the open boundries and liberties of "democracy", or upgradingadvancedemocracies to DDPDemocracies of Direct Participationand DDRDemocracies of Direct Representations, where DDP IS NOT Direct Democracy as in old goody-good 2.600 year old Greece.
5- DDP and DDR using FULL technology to expand usefull and open human creation over public decisions, and limit political and public representations on time, place, modes and circumstances, limiting public burocracies and reducing its financial weight to an acceptable relation with the effective and potencial economyi.e. Greece, Argentina, etc.
6- On specific grounds. Simplify the fiscal messthat justifies itself on "equality", "fair shares", etc.to a single and only tax, with an open functionor extensionto organize or regulate markets or segments of it with "plus" to be applied due to social or political needs.
7- Or another "way out" of these dialectical worldwide discutions on political economies, changing from the present financial and especulative retirement pensionsthat survive from financism and corrupted public decisionsinto a social and real economy system- easy to work.
8- These and many other changes are feasible and "in no time possible to implement" from an open mind and open participation citizenship if we free ourselves from the illussion of abidingwith no restrictionto the mandate "of the law"that in most cases, on a worldwide and irrestricted basisis containg our needs of very profound and deep paradigmatic changes of our livelihood human systems.
9- Definitively UNDERSTAND that in the same way that Marx talked about labour surpluses, Capitalismfinancism on topgains and grows on the SURPLUSES of the mother land and its explotation, and we´re well advanced into the XXI Century, with no serious worldwide human reaction about it, leaving the few to get away with the destruction of our planet.
Paraphrasing Albert Einstein in some way: "we can´t make real changes of the visions of our world and lives "standing" and "thinking" from the same platform and minds that have created all these social, institutional, polítical and economic systemsthat most of humanity and the planet suffers.
To OPEN these we need to understand what "especialization" has made on us: changing from inteligence to stupidity, changing from broad and open minds to limited and close minded fellowsespecialized for surebut absolutely out of comprehending the diversity and beauty of human life and the world themselves.
So let´s ALL GO for a UNIVERSAL HUMAN RE.EVOLUTION.
Thanks for the always usefull conferences you upload on YOUTUBE.
Mauricio Jorge Yattah. From Buenos Aires. Argentina. 9/9/2016 -
Damn, I think I have watched too many lectures and talks by Yanis, and I'm too high on the red pill, but I start to strongly believe that historians in the future will point to him as a person who might have changed the history, if only people could have listened to this man and took him seriously. I could be wrong, but I have a quite good bulshit detector, and it never registers anything when Janis talks. It might be my bias though, as I am a left leaning (more libertarian than left, but still left) too, but damnit the EU had such a good chance in 2015 to drop the dogma, and listen to this man... Oh well, history will show who was right, I'm only afraid that it might be too late then.
-
Can't hear well. Volume too low. :(
-
And this Greek dude is CLASSIC! " I want a Free Income". " Capitalism Sucks, here, Buy my book, and Read all about it". Sure, I take Credit-Cards, let me get my phone.
-
DIVIDENDS AND EXTERNALITIES, FOREVER AND EVER, AMEN
-
At 35:35 got me to listen to this lecture again. And again. And again.
-
Actually, the speaker recording is clear for anyone who wants to listen. There is a weakness of recording during the Q & A period after the first 55 minutes or so.
The lecture reflectively and entertainingly presents the option of choosing the blue pill or red pill for students interested to pursue seriously the subject of political economy, beyond conventionally imposed constraints to contemporary thought.
For those interested in practical consequences of these limitation in ability to think of options, see other You Tube videos in which Yanis Varoufakis describes in terms that many can understand, his experience as Finance Minister of Greece. -
brilliant talk
-
One of the things that has always entertained me is that the World Bank's research units have some of the greatest professionals in their field and produce some of the standard works on participatory economic development and environmental sustainability ..... whilst the World Bank itself ignores everything they propose in favour of practices and policies that they have proven to be damaging.
-
Conspiracy! The discussion on taxing land rather than income has been craftily edited out @ 29.50 - it cant be coincidence that an endorsement of the most radical idea has been accidentally edited out!!!!!!
-
Root goal of established economic "science" is exploring how to keep sufficient number of people desperate enough (thus tied and obedient) in order for system to keep going. Its not someone's nefarious plan but a reflection of the fact that humanity on its own (without properly employed technology) cannot humanely deal with itself.
Its all a bunch of religious-like lies, excuses, justifications, smoke and mirrors, devoid of science.
System is, out of necessity and lack of solutions, based on atomization, lies, violence and ubiquitous bribery. -
I thought Honourary was give to those not already Professors in the field.
-
Arrow became a hero to mathematicians instead of economists, it seems
-
The whole recording has been fucked up. You better ask some professionals to improve the volume of the speech. The whole thing is a disgrace for the university of Sidney.
0m 0sLenght
197Rating