Saturday, July 29, 2017

Video: 'The markets won't fix themselves' -- Yanis Varoufakis

"“We have a major imbalance between savings and investment. We have the highest savings rates in the history of capitalism and lowest level of investment. You only have to state that to realise what the source of our troubles are.”

Speaking at FundForum International 2017, former Greek Finance Minister and DiEM25 Co-Founder Yanis Varoufakis sat down with FundForum Correspondent Emma Walden to talk about the state of global markets, the role that politics plays in economic stability, and what that means for investment in years to come."

Varoufakis understands that the democracies of the world have consistently rejected full-blown Communism. 

For this reason we all have to accept that a version of Socialism is the only option that can succesfully be advocated and implemented with the fair consent of the populace. 

To impose a system of government and economy on people without enough wider support is doomed to quickly fail. 

The people must be brought along by their leaders rather than dumped on. That is not utopian. It's practical. 

Wealth can then be redistributed with only the wealthiest against it happening. 

The DiEM25 movement backs this idea.

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