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In this video, Yanis Varoufakis explains the real reasons why the US dollar remains powerful and how America’s debt shapes the global economy. He also tells us why the BRICS face enormous obstacles in trying to challenge the hegemony of the dollar, and much more.
This video was produced by DiEM25 and published on their YouTube channel on the 25th of September, 2023. We have translated it into German and are republishing it today to help build opinion on this issue in Germany.
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Yanis Varoufakis is a Greek politician, professor of economic theory at the University of Athens, former finance minister of Greece and founder of the Democracy in Europe Movement 2025 (DiEM25). He is also the author of several books on the European debt crisis, financial imbalances 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“.