In his new book, the maverick Greek economist says we are witnessing an epochal shift. At his island home, he argues it’s now the ‘fiefdoms’ of tech firms that shape us

‘Capitalism is dead. Now we have something much worse’: Yanis Varoufakis on extremism, Starmer, and the tyranny of big tech::In his new book, the maverick Greek economist says we are witnessing an epochal shift. At his island home, he argues it’s now the ‘fiefdoms’ of tech firms that shape us

  • tetraodon@feddit.itEnglish
    1023·
    1 year ago

    Crushing Greece with debt Greece chose to take.

    If they didn’t like EU loans they could have gone to the IMF or, guess what, they could have refused any loans.

    But when you accept other people’s money (that ultimately comes from taxpayers), refusing to pay it back is a real dick move. An next time you risk that the people who lent you the money will flip you the bird instead.

    Capitalism or not.

    Edit: downvoters believe in free money

      • tetraodon@feddit.itEnglish
        614·
        1 year ago

        The Greek crisis started in late 2009, triggered by the turmoil of the world-wide Great Recession, structural weaknesses in the Greek economy, and lack of monetary policy flexibility as a member of the Eurozone. The crisis included revelations that previous data on government debt levels and deficits had been underreported by the Greek government: the official forecast for the 2009 budget deficit was less than half the final value as calculated in 2010, while after revisions according to Eurostat methodology, the 2009 government debt was finally raised from $269.3bn to $299.7bn, i.e. about 11% higher than previously reported. (https://en.wikipedia.org/wiki/Greek_government-debt_crisis)

        So the Greek government lying is Nazi’s fault? 🤔 Maybe if time travel is involved.