What do you guys think of Yanis Varoufakis?

What do you guys think of Yanis Varoufakis?

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I like his pedagogic style, but he's maybe too optimistic about all people being good deep down etc. I learned a lot about 20th century power play with his books.

where would you recommend someone to start with his books?

He had the right thoughts but never went through with his proposals, the Greek economy still is a disaster.

>reading books

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"Talking to My Daughter About the Economy" can be read in an afternoon and will give you basic notions of the economy. Then read Global Minotaur if you're interested in his global minotaur thesis. Yet the best place to understand his thoughts is his blog.

He had a plan to to create a new currency for Greece and to start from a clean table. He had ordered hackers to make everything ready digitally. All it needed was a push of a button and a declaration. And he was completely right, all the depths etc. are just smoke and mirrors. Now he is obviously biased, and probably has a bank account in the Bahamas or Switzerland.

sporadically, at best.

thanks, I'll start with the firs one.

you thinking he selling out for that media money?

He didnt have the power to enact his reforms, the PM he was working with buckled under pressure

he's on the outside looking in so the rest of his life is gonna be writing books and being a talking head

if a new currency were a feasible option for south euro countries, it wouldve been done long ago

greece produces nothing of relevance and imports everything it needs -- paid for in euro

Now he is a "rebel" who doesn't revolt against anything. Having a rebel leader who won't do anything for change indeed is beneficial for some people, and most likely is also worth that Bahama's account.

at least he's preaching his ideas though, and like the spaniard said, he's really pedagogical.

It is perfectly feasible for them to assert sovereignty and recreate the drachma

it would simply result in a eurozone crisis and probably the collapse of the euro and the EU

its not like the ECB was putting pressure on Greece to not dump the euro out of their concern for the welfare of greek citizens

It would had meant the complete destruction of the whole current financial, and hence political, status quo. Everyone would had followed, and the world would not be the same.

the reason tsipras ultimately dropped the idea is exactly because he feared the consequences.

he has no power he's not in government

and if anyone tries to bring him on mario draghi will kill them

probably. but since it didnt happen under a supposedly radical left anti-eu party, it wont happen at all.

the point is that the consequences for greece are fairly minor compared to the consequence for the EU, the ECB, and Germany in particular

Tsipras dropped the idea because he for some reason still believed in the eurozone at the time

narcissist douchebag fraud
The man cannot survive outside of academia and giving lectures. I can't even imagine him working as a low-ranked analyst in some investment bank.

He has explained hundreds of times why they didn't do it and why they didn't give the finger to capitalism and the EU. The new currency plan was a last resort plan in case the EU *forced* Greece to drop its ECB partnership, so Varoufakis and Tsipras needed to have some backup work already done instead of starting from scratch. Varoufakis explained that introducing a new currency into a modern country is hard even if it's an accelerated process by computers - Americans needed 8 months to replace Iraq's currency although they had total control via military occupation. Also although Syriza is anti-capitalist ideologically, the Greek government didn't have the balls to go all the way because (as Varoufakis has also explained) a breakdown of Greek economy would set off a period of human suffering in Europe and especially in Greece, an opportunity that would be seized by the radical right because the current European radical left sucks ass. Syriza betrayed their country and their ideology because the other option was handing Europe over to fascists.