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\nYanis Varoufakis: Bankruptocracy 2/4\n

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\n\nPublisher:\n\nInstitute for New Economic Thinking\n\n\n
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\nIn 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...\nIn 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?\n
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Resource Details

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Educator Rating
Not yet Rated
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Media Length
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9:27
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Grade
Higher Ed
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Subjects
Social Studies & History
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Media Type
Instructional Videos
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Source:
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\nNew Economic Thinking\n\n
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Date
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2012
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Language
English
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Audiences
For Teacher Use
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Usage Permissions
Fine Print: Educational Use
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Concepts

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europe, economics, recycling, money, greece
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Additional Tags

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inet, new economic thinking, minotaur, global minotaur, yanis varoufakis, crisis, eurozone, deficit, financial crisis, robert johnson, wall street, living standards, united states, gold standard, surplus recycling, states, system, back, regain, people, creating, sputtering, chinese, fact, give, play, breakdown, created, result, book, essential, means, print, call, managed
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Video is ad-free
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\n\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" aria-label=\"Play video: Yanis Varoufakis: Bankruptocracy 2/4\" href=\"/subscription/new\">\"Yanis\n\n
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