Former Greek Finance Minister: Universal Basic Income Is Now A Necessity

Yanis Varoufakis and Noam Chomsky discuss the concept of a basic income guarantee also known as a universal basic income.

(Photo: Russell Shaw Higgs/Creative Commons)

Published in partnership with acTVism. In this video, former finance minister of Greece, professor of economics, author, and founder of the Democracy in Europe Movement 2025 (DiEM25), Yanis Varoufakis, argues why the Basic Income is a necessity today. His arguments take into account a macro socio-economic, psychological, philosophical and moral

Be Sociable, Share!

Greece’s Neoliberal Wolves In Anti-Austerity Sheep’s Clothing

Far from representing truly alternative voices, three Syriza leaders crafted empty public images as anti-austerity renegades and champions of democracy and justice.

Protesters against new austerity measures hold a placard depicting Labour Minister George Katrougalos as the movie character Edward Scissorhands during a protest outside Zappeion Hall in Athens, Friday, Sept. 16, 2016. The placard reads in Greek"Katrougalos Scissorhands".

ATHENS --- (Analysis) In January of 2015, opponents of neoliberalism and the harsh policies of economic austerity rejoiced at the electoral victory of Syriza in the Greek parliamentary elections. Touted as the “first-time left,” the new Syriza-led government was portrayed as a “would-be savior” for Greece. It was further hailed as the regime

Be Sociable, Share!

Neoliberalism: ‘Profit Goes To Apple And Microsoft, Not To The Taxpayer’

In conversation with noted political philosopher Noam Chomsky, former Greek Finance Minister Yanis Varoufakis said neoliberalism is “just 19th century power politics of crushing anyone who dares stand up to them and say a simple word, ‘No.’”

AUSTIN, Texas --- According to noted political philosopher and scholar Noam Chomsky, neoliberal politicians are hypocrites who prioritize corporate finances over both taxpayers’ well-being and their own economic principles. In April, Chomsky sat down with Yanis Varoufakis, the former Greek finance minister and founder of the Democracy in Europe

Be Sociable, Share!

Former Greek Finance Minister On The European Constitution, Economic Disintegration And Orwellianism

How Orwellianism is employed to provide the superficial appearance of progressive reform.

former finance minister of Greece and founder of DiEM25 (Democracy in Europe Movement 2025), Yanis Varoufakis,

In this video the former finance minister of Greece and founder of DiEM25 (Democracy in Europe Movement 2025), Yanis Varoufakis, provides us insights into why the European constitution does not represent European cititzens and lacks democratic substance. He also talks about the disintegration of the European Union, what forces are driving its

Be Sociable, Share!

As Income Inequality Grows, Experts Consider Guaranteed Universal Income

Although economist Yanis Varoufakis called a guaranteed basic income a ‘wonderful experiment’ for a rich country like Switzerland, about 77 percent of voters there rejected the idea on Sunday.

A pedestrian exits a subway station as a homeless man sleeps covered in cardboard packaging, outside the main railway station in Bucharest, Romania, Wednesday, Oct. 7, 2015. The sewers around the railway station are a popular shelter for the town's many homeless, especially in the bitter Balkan winter weather. (AP Photo/Vadim Ghirda)

AUSTIN, Texas --- On Sunday, Swiss voters overwhelmingly rejected the idea of a universal income, under which every resident would receive a monthly stipend, regardless of their employment status. Under the plan, every adult over 18 would have earned a monthly income of 2,500 Swiss francs (about $2,563). Children would have also received a

Be Sociable, Share!

Former Greek Finanance Minister Talks Privatization, Human Rights & Capitalism

Is capitalism reformable?

In this interview with the former finance minister of Greece and founder of DiEM25 (Democracy in Europe Movement 2025), Yanis Varoufakis, a host of issues are discussed which  include privatization, human rights, media, his experience with the EU and capitalism’s ability to reform. Will privatization schemes, that are being implemented by the

Be Sociable, Share!