The Crash of 2008 & The Pandemic of 2020 On July second, 2020, the economist and former Finance Minister of Greece, Yanis Varoufakis, gave a webinar on how the current collapse of the world economy might change capitalism forever by challenging the survival of private banking and the functioning of the stock exchange.
Varoufakis’ thesis reminded me of a headline in the Sept. 2019 New Yorker from Bill McKibbens divestment campaign. It said: Money Is the Oxygen on Which the Fire of Global Warming Burns. What would it be like to abandon not just a particular investment by a bank but the whole banking system?
Rob Johnson, President of INET, the Institute for New Economic Thinking, moderated the talk.
Yanis Varoufakis is a philosopher and teacher of economics University of Cambridge and the University of Texas at Austin. Together with Bernie Sanders he co-founded the Progressive International, n international organization uniting progressive left-wing activists and organizations.
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