Is Capitalism Broken?

Wonder Cabinet

Wonder Cabinet Productions

Society & Culture, Wonder, Philosophy, Ttbook, Knowledge, Interview

4.8 • 1K Ratings

🗓️ 23 December 2017

⏱️ 51 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Who really runs the world? Presidents and prime ministers, or CEOs and bankers? And who’s responsible when everything falls apart?

Guests:

Yanis Varoufakis, Steve James, Nathan Schneider, N. K. Jemisin

Interviews:

"Capitalism Will End" Says The Former Greek Finance Minister, When Prosecuting Banks, It's Easier To Fit The Little Guy In A Cell, Turning Twitter Into The People's Platform, A Not So Distant Future in the "Broken Earth" Trilogy

Transcript

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0:00.0	It's to the best of our knowledge.
0:01.6	I'm Andstrained champs.
0:03.2	There's colossal debt.
0:04.8	The highest in Europe.
0:06.5	Eustertity measures.
0:07.6	The economy on a knife edge.
0:09.6	Imagine you're the finance minister of a small country.
0:13.4	It's 2015, and your nation is bankrupt.
0:16.5	The most powerful finance minister in Europe is forcing you into a deal that you know will ruin your country.
0:23.6	...and a national financial bailout.
0:26.6	What do you do?
0:32.6	I ask for a favor. I said, can we for 10 minutes pretend we're not finance ministers?
0:36.6	You know, please stop telling me what to do.
0:39.3	Because I want to ask for your advice,
0:41.3	which is a very different thing from you telling me what to do.
0:44.3	That's the real former finance minister of Greece,
0:47.3	Janus Varifakis.
0:49.3	I showed him the piece of paper he was trying to force down my throat.
0:55.0	I said, would you sign the bailout if you were a me?
0:59.3	He took a long break.
1:01.9	I looked outside his Berlin office window.
1:06.3	He turned back towards me.
	...

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