- Last 7 days
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beiner.substack.com beiner.substack.com
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Yanis Varoufakis’s 2023 book Technofeudalism.
for - to - Youtube - technofeudalism - What killed Capitalism - Yanis Varoufakis - https://hyp.is/9S3SGKj4Ee-btAdw5i_vLg/www.youtube.com/watch?v=Fhgm5b8BR0k
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www.youtube.com www.youtube.com
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for - Technofeudalism: What killed capitalism - Yanis Varoufakis - from - interview - 2008 was the West's 1991 moment - Yanis Varoufakis - from - Medium article - An Emerging Third Option: Reclaiming Democracy from Dark Money & Dark Tech Seven Observations On 2024 and What’s Next - Otto Scharmer - neo feudalism - from - Substack article - Best Served Cold: Luigi Mangione and The Age of Breach - Technofeudalism, accountability porn and the new counterculture - Alexander Beiner
from - interview - 2008 was the West's 1991 moment - Yanis Varoufakis - https://hyp.is/BZ88pKj5Ee-k86snmHsbnQ/www.youtube.com/watch?v=8nTBWf4JgYQ - Medium article - An Emerging Third Option: Reclaiming Democracy from Dark Money & Dark Tech Seven Observations On 2024 and What’s Next - Otto Scharmer - neo feudalism - https://hyp.is/cVix6KtFEe-zA8PBZvgw8w/medium.com/presencing-institute-blog/an-emerging-third-option-reclaiming-democracy-from-dark-money-dark-tech-3886bcd0469b - Substack article - Best Served Cold: Luigi Mangione and The Age of Breach - Technofeudalism, accountability porn and the new counterculture - Alexander Beiner - https://hyp.is/8V9iTrsaEe-Dqq_Oz0oc_Q/beiner.substack.com/p/best-served-cold-luigi-mangione-and
Tags
- from - interview - 2008 was the West's 1991 moment - Yanis Varoufakis
- from - Medium article - An Emerging Third Option: Reclaiming Democracy from Dark Money & Dark Tech Seven Observations On 2024 and What’s Next - Otto Scharmer - neo feudalism
- Technofeudalism: What killed capitalism - Yanis Varoufakis
- from - Substack article - Best Served Cold: Luigi Mangione and The Age of Breach - Technofeudalism, accountability porn and the new counterculture - Alexander Beiner
Annotators
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- Nov 2024
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www.youtube.com www.youtube.com
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for - climate crisis - Youtube - climate Doomsday 6 years from now - Jerry Kroth - to - climate clock - adjacency - Tipping Point Festival - Indyweb / SRG complexity mapping tool - Integration of many fragmented bottom-up initiatives - The Great Weaving - Cosmolocal organization - Michel Bauwens - Peer-to-Peer Foundation - A third option - Islands of Coherency - Otto Scharmer Presencing Institute - U-labs - Love-based (sacred-based) mini-assemblies interventions to address growing fascism, populism and polarization - Roger Hallam - Ending the US / China Cold War - Yanis Varoufakis
YouTube details - title: climate Doomsday 6 years from now - author: Jerry Kroth, pyschologist
summary - Psychologist Jerry Kroth makes a claim that the 1.5 Deg C and 2.0 Deg C thresholds will be reached sooner than expected - due to acceleration of climate change impacts. - He backs up his argument with papers and recent talks of climate thought leaders using their youtube presentations. - This presentation succinctly summarized a lot of the climate news I've been following recently. - It reminded me of the urgency of climate change, my work trying to find a way to integrate the work of the Climate Clock project into other projects. - This work was still incomplete but now I have incentive to complete it.
adjacency - between - Tipping Point Festival - Indyweb / SRG complexity mapping tool - Integration of many fragmented bottom-up initiatives - The Great Weaving - Cosmolocal organization - Michel Bauwens - Peer-to-Peer Foundation - Islands of Coherency - Otto Scharmer - Presencing Institute - U-labs - Love-based (sacred-based) mini-assemblies interventions to address growing fascism, populism and polarization - Roger Hallam - Ending the US / China Cold War - Yanis Varoufakis - and many others - adjacency relationship - I have been holding many fragmented projects in my mind and they are all orbiting around the Tipping Point Festival for the past decade. - When Indyweb Alpha is done, - especially with the new Wikinizer update - We can collectively weave all these ideas together into one coherent whole using Stop Reset Go complexity mapping as a plexmarked Mark-In notation - Then apply cascading social tipping point theory to invite each project to a form a global coherent, bottom-up commons-based movement for rapid whole system change - Currently, there are a lot of jigsaw puzzle pieces to put together! - I think this video served as a reminder of the urgency emerged of our situation and it emerged adjacencies and associations between recent ideas I've been annotating, specifically: - Yanis Varoufakis - Need to end the US-led cold war with China due to US felt threat of losing their US dollar reserve currency status - that Trump wants to escalate to the next stage with major tariffs - MIchel Bauwens - Cosmolocal organization as an alternative to current governance systems - Roger Hallam - love-based strategy intervention for mitigating fascism, polarization and the climate crisis - Otto Scharmer - Emerging a third option to democracy - small islands of coherency can unite nonlinearly to have a significant impact - Climate Clock - a visual means to show how much time we have left - It is noteworthy that: - Yanis Varoufakis and Roger Hallam are both articulating a higher Common Human Denominator - creating a drive to come together rather than separate - which requires looking past the differences and into the fundamental similarities that make us human - the Common Human Denominators (CHD) - In both of their respective articles, Yanis Varoufakis and Otto Scharmer both recognize the facade of the two party system - in the backend, it's only ruled by one party - the oligarchs, the party of the elites (see references below) - Once Indyweb is ready, and SRG complexity mapping and sense-making tool applied within Indyweb, we will already be curating all the most current information from all the fragmented projects together in one place regardless of whether any projects wants to use the Indyweb or not - The most current information from each project is already converged, associated and updated here - This makes it a valuable resource for them because it expands the reach of each and every project
to - climate clock - https://hyp.is/R_kJHKGQEe28r-doGn-djg/climateclock.world/ - love-based intervention to address fascism, populism and polarization - Roger Hallam - https://hyp.is/wUDpaKsAEe-DM9fteMUtzw/www.youtube.com/watch?v=AiKWCHAcS7E - ending the US / China cold war - Yanis Varoufakis - https://hyp.is/Yy0juqmrEe-ERhtaafWWHw/www.youtube.com/watch?v=8BsAa_94dao - Cosmolocal coordination of the commons as an alternative to current governance and a leverage point to unite fragmented communities - Michel Bauwens - https://hyp.is/AvtJYqitEe-f_EtI6TJRVg/4thgenerationcivilization.substack.com/p/a-global-history-of-societal-regulation - A third option for democracy - Uniting small islands of coherency in a time of chaos - Otto Scharmer - https://hyp.is/JlLzuKusEe-xkG-YfcRoyg/medium.com/presencing-institute-blog/an-emerging-third-option-reclaiming-democracy-from-dark-money-dark-tech-3886bcd0469b - One party system - oligarchs - Yanis Varoufakis - https://hyp.is/CVXzAKnWEe-PBBcP5GE8TA/www.youtube.com/watch?v=8BsAa_94dao - What's missing is a third option (in the two party system) - Otto Scharmer - https://hyp.is/M3S6VKuxEe-pG-Myu6VW1A/medium.com/presencing-institute-blog/an-emerging-third-option-reclaiming-democracy-from-dark-money-dark-tech-3886bcd0469b
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- to - ending the US / China cold war - Yanis Varoufakis
- to - love-based intervention to address fascism, populism and polarization - Roger Hallam
- to - Cosmolocal coordination of the commons as an alternative to current governance and a leverage point to unite fragmented communities - Michel Bauwens
- adjacency - Tipping Point Festival - Indyweb / SRG complexity mapping tool - Integration of many fragmented bottom-up initiatives - The Great Weaving - Cosmolocal organization - Michel Bauwens - Peer-to-Peer Foundation - A third option - Islands of Coherency - Otto Scharmer Presencing Institute - U-labs - Love-based (sacred-based) mini-assemblies interventions to address growing fascism, populism and polarization - Roger Hallam - Ending the US / China Cold War - Yanis Varoufakis
- to - Climate Clock
- to - A third option for democracy - Uniting small islands of coherency in a time of chaos - Otto Scharmer
- climate crisis - Youtube - climate Doomsday 6 years from now - Jerry Kroth
Annotators
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www.youtube.com www.youtube.com
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the United States is not a democracy it's an oligarchy with elections that are providing the legitimacy for this one party state to continue to exist
for - quote - US politics - one party state - Yanis Varoufakis - observation - Trump was groomed by toxic US corporate culture and only now is the US is experiencing the blowback of that - new meme - hostile corporate takeover of the US government - from - Climate doomsday 6 years from now - Jerry Kroth
quote - US politics - one party state - Yanis Varoufakis - (see below) - The United States is not a democracy - It's an oligarchy with elections that are providing the legitimacy for this one part state to continue to exist
comment - With Trumps win and the nomination of a slate filled with many billionaires to lead major US departments, it's more obvious than ever that what Trump is doing is:
new meme - A hostile corporate takeover of the US government - We shouldn't be surprised as Trump was groomed by the out-of-control corptocracy in the United States - Remember that NBC made him famous with his show "The Apprentice" and during that time, he was celebrated by American corporate culture. Why else did his show reach top position in Nelson ratings? - Trump is the child of the toxic corporate culture of America where money is king, the metric that rules over everything - people and the environment - Trump is merely running the government the way he ran his companies (into the ground), with total control. - On the apprentice, he made famous the phrase "your fired" - We should not be surprised that he is making the US government in the image of himself that he has well publicized for decades.
from - Climate doomsday 6 years from now - Jerry Kroth - from - Youtube - Climate Doomsday 6 years from now - Jerry Kroth - https://hyp.is/OfL17KukEe-u2rfUpknrTg/www.youtube.com/watch?v=KZ0JDk1p6Zg
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four things
for - suggestions - how to end US hegemony for a global fair trade system - needed to re-establish global cooperation - Yanis Varoufakis - Yanis Varoufakis four on below to discuss four different suggestions of how China can support global cooperation to emerge
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third thing okay um and the fourth thing soft power within the United
for - need to establish global cooperation to mitigate existential threats of nuclear war and combat tipping points - Yanis Varoufakis - third and fourth suggestion - exercise soft power in the United States - Yanis Varoufakis - Yanis Varoufakis laid out the existential reasons why is important to reach out to the social democrats in the US such as Bernie Sanders - without establishing global cooperation, there is no way to prevent - nuclear war and - climate tipping points
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secondly you need to appeal through soft power through engagement with the local communities in the global south
for - second suggestion - exercise soft power in communities of the global South - lift people in the global South of of precarity - Yanis Varoufakis
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boosting aggregate demand domestically and there are simple ways of doing that and your digital payment system
for - First suggestion - for China - decrease dependency on American deficit - by increasing domestic demand for your own manufactured products - using your own digital super highway - and increasing wages - Yanis Varoufakis
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that's why they have the chips act because they want to reduce Your Capacity to invest in this super highway and make it attractive for everybody else this is why they are creating circumstances of choking anyone outside the United States wants to trade with China because they don't want this Super Highway way so it's not that China is getting bigger it is not that China is spying it is not Taiwan it is that China has built a digital Cloud Capital based super highway for payments which is a clear and prais danger to the Monopoly of the dollar payment system which is the only reason why the United States is hegemonic
for - key insight - US hegemonic foreign policy - for cold war with China - in order to protect the US global reserve currency - Yanis Varoufakis - Yanis Varoufakis provides a key insight here about the reason for the US cold war with China - Yanis validates his one party claim by saying that the clashing economic fiefdoms of - big tech (Silicon Valley) and - Wall street - are both antagonistic towards China - Biden's Chips Act and - Trump's huge Tariffs - are both continuations of the cold war towards China
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Cloud Capital Silicon Valley in the United States and finance don't work together Apple pay exists Google pay exists so like wej you can pay through Apple pay but a large segment of that money goes to Wall Street as a rent so there is a class like something like class war between or a fudal l war between the fom of Wall Street on the West CO east coast and the fom of cloud capital on the west coast they're clashing that Clash doesn't happen in China because both your Finance sector and your big Tech or Cloud Capital sector are under the Communist party
for - difference - China - US - tech and finance sector clash - silicon valley profits pay large rent to Wall street - In China, they harmonize - Yanis Varoufakis
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it's not a technological advantage that you have it is a political advantage and an organizational advantage here in China The People's Bank the Central Bank of China controls the bankers in the United States the bankers control the central bank they own the central bank they created the Central Bank the Central Bank of the United States the Federal Reserve was created by JB Morgan it was not the other way around
for - difference - China - US - people's bank controls bankers in China - Bankers control the central Bank in the US - Yanis Varoufakis
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the reason why the United States is so hegemonic why it can afford to be the big bully around the world is because of the Monopoly of the payment system
for - quote - the US is hegemonic and the world bully because it has a monopoly on the payment system - it is the world's reserve currency - Yanis Varoufakis
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will that not affect the value of the dollar he said no not as long as it is the only World Reserve currency the only currency that has demand people demand it even if they don't want to buy anything from the country which is producing it which is printing it
for - key strategy - US foreign policy - US dollar don't devalue as long as it is the world's reserve currency - even if they don't want to buy from you - Yanis Varoufakis
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one man in his half a page which I actually acquired in the process of writing a book 15 years ago typ written a typewritten half a page he said what we must do we must treble our deficit treble our deficit we have a deficit which is bad we must make it three times as big and make the capitalists of the rest of the world pay for it which is exactly what happened the United States should increase its deficit and use it to create aggregate demand for the net exports of Germany and Japan and later on China
for - US foreign policy - National Security Council member suggested - triple the deficit too act as a magnet to draw in experts of other countries - Yanis Varoufakis
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the United States slipped from being a surplus country from having a surplus in its trade balance uh to having a deficit and kid was worried because he knew that historically speaking every Empire that went from being a surplus to a deficit economic entity started fading
for - 1968 - US went from trade surplus to trade deficit - this meant US would begin fading - this worried Kissinger - Yanis Varoufakis
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when he saw the macroeconomic statistics and he saw that from 1968 from 1968 onwards America for the first time since the 1930s had become a deficit country
for - key insight - When Henry Kissinger was Nixon's national security advisor, he saw that from 1968, the US became a deficit country - Yanis Varoufakis
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why did the Clinton Administration and the Bush Administration after that were so gangho about trading with China why did they not start the new Cold War against China in the 1990s in the year 2000 in 2004 2005 200 8 why was it only around 2014 that this establishment decided to unleash the war against China
for - key insight - key question - why did US foreign policy against China switch only in 2014? - Yanis Varoufakis
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the whole point of the Nixon Administration was to split the Soviet Union from China and therefore win the Cold War so they're critical of the support of Ukraine and of Israel because they think that this simply disorient the United States policy
for - further research - UD foreign policy - Ukraine - Israel - China - Russia - Nixon - Yanis Varoufakis
Tags
- suggestions - how to end US hegemony for a global fair trade system - needed to re-establish global cooperation - Yanis Varoufakis
- difference - China - US - tech and finance sector clash - silicon valley profits pay large rent to Wall street - In China, they harmonize - Yanis Varoufakis
- need to establish global cooperation to mitigate existential threats of nuclear war and combat tipping points - Yanis Varoufakis
- from - Youtube - Climate Doomsday 6 years from now - Jerry Kroth
- quote - the US is hegemonic and the world bully because it has a monopoly on the payment system - it is the world's reserve currency - Yanis Varoufakis
- First suggestion - for China - decrease dependency on American deficit - by increasing domestic demand for your own manufactured products - using your own digital super highway - and increasing wages - Yanis Varoufakis
- second suggestion - exercise soft power in communities of the global South - lift people in the global South of of precarity - Yanis Varoufakis
- key insight - US hegemonic foreign policy - for cold war with China - in order to protect the US global reserve currency - Yanis Varoufakis
- difference - China - US - people's bank controls bankers in China - Bankers control the central Bank in the US - Yanis Varoufakis
- US politics - one party state - Yanis Varoufakis
- key strategy - US foreign policy - US dollar don't devalue as long as it is the world's reserve currency - even if they don't want to buy from you - Yanis Varoufakis
- US foreign policy - National Security Council member suggested - triple the deficit too act as a magnet to draw in experts of other countries - Yanis Varoufakis
- observation - Trump was groomed by toxic US corporate culture and only now is the US is experiencing the blowback of that
- 1968 - US went from trade surplus to trade deficit - this meant US would begin fading - this worried Kissinger - Yanis Varoufakis
- third and fourth suggestion - exercise soft power in the United States - Yanis Varoufakis
- key insight - When Henry Kissinger was Nixon's national security advisor, he saw that from 1968, the US became a deficit country - Yanis Varoufakis
- key insight - key question - why did US foreign policy against China switch only in 2014? - Yanis Varoufakis
- - further research - UD foreign policy - Ukraine - Israel - China - Russia - Nixon - Yanis Varoufakis
Annotators
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I had a choice between two options: “not” and “again”. (1) ‘We are not going back.’ And (2) ‘Making … great again.’ The last word is the most important one in that slogan.So what’s wrong with that? One option is stuck in the status quo. The other one suggests to disrupt the status quo by going backward.
for - voting - false dichotomy - no real choice - need for a third otion
voting - false dichotomy - no real choice - need for a third option - We are not going back can imply one of two possibilities: - we are staying still (status quo) - we are moving forward in a new direction (emergence) - We are going to Make America Great Again (going back) - We can't go back because we have degraded our world beyond that possibility - We can't stay still because it is untenable - We can only move forward - But that option was not given - This goes to the heart of Yanis Varoufakis, Michel Bauwen and many other's claim that there is only one party in control of both the Democrats and the Republicans, the elites
to - Youtube - interview - 2008 was the West's 1991 moment - Yanis Varoufakis - https://hyp.is/BZ88pKj5Ee-k86snmHsbnQ/www.youtube.com/watch?v=8nTBWf4JgYQ
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Neo-feudalism: few platforms of Silicon Valley oligarchs who own the US government and rule the world
for - to - examples of Neo feudalism - Techno Feudalism - What killed Capitalism - Yanis Varoufakis - to - example of Neo feudalism - Youtube - interview - 2008 was the West's 1991 moment - Yanis Varoufakis
to - examples of Neo feudalism - Techno Feudalism: What killed capitalism - Yanis Varoufakis - https://hyp.is/9S3SGKj4Ee-btAdw5i_vLg/www.youtube.com/watch?v=Fhgm5b8BR0k - Youtube - interview - 2008 was the West's 1991 moment - Yanis Varoufakis - https://hyp.is/BZ88pKj5Ee-k86snmHsbnQ/www.youtube.com/watch?v=8nTBWf4JgYQ
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www.youtube.com www.youtube.com
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for - interview - Yanis Varoufakis - 2008 financial crisis was the West's 1991 moment
summary - Yanis talks about how the 2008 financial crisis was a milestone for capitalism. He claims that it defined the beginning of the end of Capitalism, in the same way that 1990 defined the beginning of the end of Soviet-style communism.
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I'm saying that 2008 was to capitalism that which 1991 was to Soviet communism it's end
for - communism died in 1991 - but capitalism died in 2008 - It cannot be revived - Yanis Varoufakis
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between 1944 and 1971 the Americans had a surplus the money that they were making from the Surplus they were giving to Europe and Japan that was what's happening until up until 197 71 after that the Americans had a deficit which they used to suck into the United States the surplus of Germany of France of Japan and then China this is what kept capitalism alive
for - quote - American surplus monetary flows kept capitalism alive til now - Yanis Varoufakis
quote - American surplus monetary flows kept capitalism alive til now - Yanis Varoufakis - (see below) - Between 1944 and 1971 the Americans had a surplus - The money that they were making from the Surplus they were giving to Europe and Japan that was what's happening until up until 1971 -After that, the Americans had a deficit, - which they used to suck into the United States the surplus: - of Germany - of France - of Japan and then - of China - This is what kept capitalism alive
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America has lost its capacity the American state has been hollowed out they cannot build Bridges they used to be able to really very well
for - capitalism is dead - permanent decline of American capitalism - have no more capacity - hollowed out and only good at capital accumulation - Yanis Varoufakis
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before you go anywhere near globalization you've got to firstly to Define what it is
for - definition - globalization - Yanis Varoufakis
definition - globalization - Yanis Varoufakis - globalization does NOT mean global trade. That is always a good thing - globalization is the total lack of regulation of financial power, allowing money to rule the world - power shifts from land owners to factory owners
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the transformation of feudalism to capitalism power shifts from land owners to the owners of factories
for - economic power shift - from feudalism to capitalism - land owner to factory owner - Yanis Varoufakis
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financialization you have another transation from the owners of capital to the bankers
for - economic power shift - from capitalism to globalization - factory owners to bankers - Yanis Varoufakis
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bankers were supposed to be the Servants of capital but with globalization they became the the Masters of the Universe with one press of the button they could destroy two countries At Once by taking billions and billions from one country from let's say the United States hollowing out whole manufacturing areas destroying the working class there and throwing the money into Korea right and then when the bubble bursts in Korea with they press the same button and the money leaves Korea and Korea is destroyed
for - financialization - masters of the universe - can destroy countries with the press of a button - Yanis Varoufakis
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my last book which you kindly mentioned techn feudalism
for - book - Technofeudalism - Yanis Varoufakis - to - youtube - Technofeudalism presentation - Yanis Varoufakis
to - youtube - Technofeudalism presentation - Yanis Varoufakis - https://hyp.is/9S3SGKj4Ee-btAdw5i_vLg/www.youtube.com/watch?v=Fhgm5b8BR0k
Tags
- financialization - masters of the universe - can destroy countries with the press of a button - Yanis Varoufakis
- to - youtube - Technofeudalism presentation - Yanis Varoufakis
- economic power shift - from capitalism to globalization - factory owners to bankers - Yanis Varoufakis
- capitalism is dead - permanent decline of American capitalism - have no more capacity - hollowed out and only good at capital accumulation - Yanis Varoufakis
- communism died in 1991 - but capitalism died in 2008 - It cannot be revived - Yanis Varoufakis
- interview - Yanis Varoufakis - 2008 financial crisis was the West's 1991 moment
- definition - globalization - Yanis Varoufakis
- economic power shift - from feudalism to capitalism - land owner to factory owner - Yanis Varoufakis
- quote - American surplus monetary flows kept capitalism alive til now - Yanis Varoufakis
- book - Technofeudalism - Yanis Varoufakis
Annotators
URL
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- Feb 2022
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www.project-syndicate.org www.project-syndicate.org
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If banks no longer receive deposits, how will they issue loans?
It seems Anne O. Krueger is clueless about NMT economics, or credulous to the banker's myth that deposits feed loans.
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- Nov 2021
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www.protothema.gr www.protothema.gr
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«Τα capital controls μέσα σε μια νομισματική ένωση είναι μία αντίφαση. Η ελληνική κυβέρνηση αντιτίθεται σε αυτή τη σκέψη», έγραψε σήμερα ο Γιάνης Βαρουφάκης
Ακούγεται ειρωνικό το σχόλιο, σα να μην τον πολυπειράζει, αλλά δείχνει πως οι Ευρωπαίοι ειναι που αρνούνται τις αρχές τους.
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docdrop.org docdrop.org
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The climate catastrophe we're facing is the result of three issues, three processes.
- The tragedy of the commons, the free-rider problem
- Coordination (money is there)
- Capitalist beast eating up everything to survive.
The first 2 are solvable - for the 3rd we need to reconsider [[property rights]].
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I want to to encourage you to join DiEM25 because we are doing an enormous amount of work. Yesterday
[[DiEM25 ]] still had no "plugin architecture", and asks all of us to join - it's not feasible, please find ways for all people to help your purpose, and the opposite.
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but it's also the question of property rights. [
[[Varoufakis]] is very serious about [[property rights]], so it's [[communism]] without calling the cursed word :-)
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- Mar 2021
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thepressproject.gr thepressproject.gr
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«νομοθετούμε μόνο με όρους και ας μας πετάξουν από το ευρώ». Γιατί δεν έχει σημασία τι νόμισμα έχεις, όταν έχεις μία σπασμένη οικονομία και έχεις προπληρωμή φόρου 100% δεν πα να έχει το δολάριο, το γιεν, το ευρώ, δεν προχωράει αυτό το πράγμα.
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- Apr 2020
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Varoufakis stammelt vom Untergang der Europäischen Union. Wir werden alle betroffen sein, selbst die Reichen. Alarmismus, abgeschmackte Bildsymbolik. Völlig unkonkret. Er hält dagegen, was die EU ganz ohne ihn schon vorhat: Eurobonds und nahhaltige Fonds. Und ein BGE.
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Annotators
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- Jul 2015
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www.newstatesman.com www.newstatesman.com
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So they delayed and then came up with the kind of proposal you present to another side when you don’t want an agreement.
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YV: The answer is no, and the reason is very simple: from the very beginning those particular countries made it abundantly clear that they were the most energetic enemies of our government, from the very beginning.
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So what we have is a non-existent group that has the greatest power to determine the lives of Europeans. It’s not answerable to anyone, given it doesn’t exist in law; no minutes are kept; and it’s confidential. So no citizen ever knows what is said within. … These are decisions of almost life and death, and no member has to answer to anybody.
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YV: Oh completely and utterly. Not attitudes – by the finance minister of Germany. It is all like a very well-tuned orchestra and he is the director. Everything happens in tune. There will be times when the orchestra is out of tune, but he convenes and puts it back in line.
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Instead it should lead to major concessions to the other side: the meeting of the council of political leaders, with our Prime Minister accepting the premise that whatever happens, whatever the other side does, we will never respond in any way that challenges them.
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our Eurozone is a very inhospitable place for decent people.
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my constant proposal to the Troika was very simple: let us agree on three or four important reforms that we agree upon, like the tax system, like VAT, and let’s implement them immediately. And you relax the restrictions on liqiuidity from the ECB. You want a comprehensive agreement
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You put forward an argument that you’ve really worked on – to make sure it’s logically coherent – and you’re just faced with blank stares.
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“This is a horse and either you get on it or it is dead.”
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