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Yanis Varoufakis on the Economic Situation

The Dig

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What's the Difference Between 20 20 and Two Thousand and Eight?

In two thousand and eight we had the bailing out of the banks, which effectively what it did was it zumbified the banks. And this sumblification led to the sumblification of the whole of corporate capitalism in let me give you an example. The board of directors of these large corporations look out there to the litle people at the liby, and they think: if we what's the point of investing in new jobs and new production lines when the little people are there won't be able to buy the stuff? They say, ok, when they get a telephone call from doucher bank or from city bank or from j p morgan, and the banker says,

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