4min chapter

The Escaped Sapiens Podcast cover image

What is money and who rules the world? | Yanis Varoufakis | Escaped Sapiens #46

The Escaped Sapiens Podcast

CHAPTER

Do You Want to Save the Banks, Not the Bankers?

Korea had next to no crisis in 2008. What had happened in 1998, shielded Korea from the vagaries of Wall Street. And it wasn't just South Korea: It was Cantonesia. Scandinavian banks in 1992 went bust, all of them that made some stupid decisions. The states back then, they would say, social democratic back then, no longer. They bailed out the banks, got rid of the bankers,. nationalized the banks, and then sold them off within two years back to the private sector. So that's one thing I would do, save the banks, not the bankers. If I wanted to boost demand, I wouldn't bring money to give to the finances.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode