Yanis Varoufakis and Noam Chomsky discuss Greece, Europe and State of economics

This is as good as it gets. Yanis Varoufakis and Noam Chomsky discuss several issues under the sun. This happened before Brexit (26 Apr 2016) and has been recently put on Yanis Varoufakis’s website.

NOAM CHOMSKY: Well, we can talk about the neoliberal assault on the world’s population in the last generation, which you’ve written so brilliantly about.

YANIS VAROUFAKIS: What strikes me given the last quite eventful year of my life, what really strikes me is the major disconnect between the philosophy and ideology of neoliberalism and that which I encountered when negotiating, inverted commas negotiating, when being dictated by the greater good of the neoliberal international financial establishment. Think about it. If you take the great libertarians, the great neoliberals, who castigate all tax-funded activities, and you consider the reason why I’m here today and I’m not still the minister of finance of Greece. Why? It’s because I refused another hundred billion smackers, dollars, of tax-backed loan to my insolvent government, which the creditors insisted that I should take.

NOAM CHOMSKY: The three-year loans.

YANIS VAROUFAKIS: It’s astonishing, so here it is, here you have the international monetary fund, the European Central Bank, and the European commission insisting that our bankrupt state takes on another hundred billion, under conditions that guarantee we will not be able to repay the taxpayers of Europe that will be granting us that money, and that comes from neoliberals, who supposedly are against all tax-funded loans to government, and who supposedly believe that an insolvent entity doesn’t have the moral right to take on more loans.

NOAM CHOMSKY: But as you point out, what is it, 90 percent of those loans go to French and German bankers.

YANIS VAROUFAKIS: That was the first loan. This loan it would go from the one pocket of the creditors to another pocket of the creditors so they would maintain the pretense that Greece was not bankrupt. But effectively what I’m trying to say is the intense hypocrisy of the neoliberal establishment, which is not really even interested in sticking to its own neoliberal ideology. This is just nineteenth-century power politics of crushing anyone who dares stand up to them and say a simple word, “No.”

Read the rest for more details. Lots of stuff in there..

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