Capitalism will eat democracy -- unless we speak up | Yanis Varoufakis

This guy is more intelligent and comprehensible in his 2nd language than any current major UK political figure in their first.

People who say they don't make mistakes are dangerous people.... so true.

In Turkish we have a saying: "Those who tell the truth, get kicked out of 9 neighbourhoods"

I love Yanis. When the Euro-crisis was happening we were heavily propagandized against Greece and for capital. Now years later, every time I hear him speak I realize more and more why they were so afraid of him.

People keep basing their opinion on this guy because he was a minister of finance for Greece. However, him or his policies had nothing to do with the Greek economic collapse because it collapsed years before he became the finance minister. You can argue wether or not his policies helped to recover Greece, but connecting him or his ideas to the Greek crisis is shallow and lazy.

I used to see a lot of media demonizing this guy, but every time I actually hear him it not only makes sense but I find him to come across as trustworthy. Funny that.

This is no doubt they only politician I’ve ever heard in Greece in the last decade who said “I made mistakes every day”

I love to hear this man Yanis. He speaks truths many of us should hear. This run away capitalism should not be allowed. Too many, millions of people suffer from capitalists ill gotten wealth.

Sadly to many people confuse capitalism with democracy.

Whether or not you agree with him, as a Brit this guy puts our politicians to shame. Actually knows what he thinks and why. That's pretty rare these days.

I know this shouldn't be the main take-away here, but I am just sooooo happy a Greek guy just referenced a Greek myth to make a point in the 21st Century. So satisfying.

1:36 "democracy would be banned, if it threatened to change anything...."

I once ran a business where employee wages were nothing more than an equal share of the company profits. I have never seen more self-motivated workers before or since then.

When you dismiss Varoufakis views because he was Greek finance minister (that seems to be a common line of thought around here) please keep in mind that he retreated from that position because he found himself powerless to change anything about Greece economics in face of ESM. That's what he is talking about when he says that Capitalism (which might not be exactly the correct term, but a more widely known one) is eating democracy. edit: Just want to say that I'm open for debate as long as it stays rational.

"Idiot" is an ancient greek word, still used today in Greece, but still with its original meaning. It got a negative touch when athenian democracy spread over Greece and its colonies. Its original meaning: "person who takes care only of his private affairs, also the economic ones, without participating in the community", a pretty common word still today in Greece (synonymous to "businessman"), describing almost all of us. And an example proving that most of us are too incompetent for democracy. I wish us luck...

"when change happens, it happens very abruptly and catastrophically" Covid-19: 👀

"if you're not confused, you are not thinking"

His book, "And the weak suffer what they must?", is brilliant. I highly recommend.

I'm watching this 7 years later and it has all coming true. He's on the ball. Unlike Politicians.

Here 8 years later. Her did not miss. The power of the financial sphere has massively taken more and more political power.