Thursday, 27 October 2011

Yanis Varoufakis on Greece, the eurozone, the world

Having always been poor and devoid of sensible ideas as to how become rich, I’ve never taken much interest in economics, believing, anyhow, that politics and ideology were far more pertinent ways to explain human behaviour and society. However, since we live in times of economic crisis, this lack of interest and understanding has become a drawback and, given that I am a typical Greek, who strives for knowledge in order that I might have an opinion, I’ve been compelled to take a bit of a crash course in the subject.

In this regard, I’ve found the thoughts on global economics and the economic crisis by Yanis Varoufakis – professor of economics at Athens University – edifying and entertaining. Varoufakis is, from what I can tell – I haven’t read his books – somewhat of a Marxist (but not a dogmatic one) and therefore you have to take what he says bearing in mind his ideological inclinations, as you must bear in mind that he comes precisely from that generation and class of left-wing Greeks that has driven Greece towards the economic, political and cultural disaster it is currently enduring.

Still, Varoufakis has become somewhat of a media darling and you can’t avoid his pontifications – on Sky, the BBC, Russia Today and dozens of other global outlets. However, I enjoyed most listening to the  interview below, which Varoufakis provided to Hellenic Radio in Austin, Texas, because it’s quite long and gives the professor time to go into some detail regarding his theory on the global economic crisis and how this has affected the eurozone and Greece.

1 comment:

Hermes said...

John, some relatively easy to understand articles on the Greek economy:

http://streetlightblog.blogspot.com/2011/10/where-exactly-are-those-lazy-southern.html

http://www.economonitor.com/blog/2011/10/the-myth-of-greek-profligacy-the-faith-based-economics-of-the-%e2%80%98troika%e2%80%99/