Bankruptocracy – How Bankrupt Banks Rule the Economy Today | Explained by Yanis Varoufakis
In this video we talk to the founder of the Democracy in Europe Movement 2025, author & former finance minister of Greece, Yanis Varoufakis, about the financial crisis of 2008 and how it paved the way for a new global regime called Bankruptocracy.
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Yanis Varoufakis is a professor of Economic Theory at the University of Athens, former finance minister of Greece and founder of the Democracy in Europe Movement 2025 (DiEM25). Varoufakis is also the author of several books on the European debt crisis, the financial imbalance in the world and game theory.
DiEM25 is a pan-European, cross-border movement of democrats that is focused on addressing the economic and social problems faced by Europe today. It provides an alternative to austerity policies that it argues are dividing the continent and fueling the rise of “international nationalists“.