Yanis Varoufakis Quotes

Why did they force us to close the banks? To instil fear in people.
And spreading fear is called terrorism.

We need to change the circumstances of people's lives, so we need investments. We need to push investment up because investment is what we need to create the good quality jobs that will create the incomes that will stop deflation: the markets won't do it on their own.

And how right Nixon was. As the American – the US, I shouldn't say American – as the US deficit skyrocketed, the world was flooded with American dollars. And the banks, the central banks outside the United States, were forced to use these American dollars, since they could not be converted to gold anymore, as the reserves with which they backed their own currency.

Our view — that we’re not going to leave, and it’s up for the German government to leave, or to throw us out — is harder for them to deal with. The regime despised us because we neither want Grexit nor fear it. Our call unilaterally to implement perfectly moderate policies without fear or passion destabilized them. It was a danger to their system because of its widespread appeal....But things are also changing. In recent weeks, we have built strength among the trade unions, for instance among the electricity workers. They were betrayed by Syriza, who broke up and privatized the public energy company.... the cleaning workers in the public sector... bore the brunt of the troika’s assault against the poor...Social movements... need a political organization that allows them a voice beyond their specific localities... one that doesn’t dominate them. If they don’t have this, then they will be crushed by a new right-wing regime of a resurgent oligarchic right – one founded on.. the state of debt bondage until 2060 agreed with the creditors by Syriza...
Consider this, for instance: Syriza sold the railways for €43 million... they’d have got more money tearing up the rails and selling them as scrap metal. Or take gambling — Syriza enabled the deployment of thirty-five thousand poker machines by a private company, exploiting a bankrupt people with the fake promise of easy winnings. Even the Right’s privatizations were less deplorable than Syriza’s.

(The ) resembles a fine riverboat that was launched on a still ocean in 2000. And then the first storm that hit it, in 2008, started creating serious structural problems for it. We started leaking water. And of course, the people in the third class, as in the Titanic, start feeling the drowning effects first.

2020 leaves behind much debris — pain, fear, broken lives, smashed dreams... Governments have stupendous powers that they hitherto chose not to use, deferring to the exorbitant power of Big Business. Yes, the money-tree does exist after all. Except, of course, that is only harvested by the powerful on behalf of the oligarchy: Money created by the rich for the rich. Solvency is a political decision because power-politics, not markets, decide who is bankrupt and who is not. Wealth has nothing to do with hard work or entrepreneurship. America’s billionaires made 931 billion dollars from the pandemic. They got richer in their sleep... Yes, 2020 was a vintage year for capitalists, but capitalism died! Liberated from any remaining competition, colossal platform companies like Amazon own everything. Now, it is up to us to make 2021 a year of radical change in the interests of the many. Happy New Year and carpe diem...

A Chinese official once described to me globalization as something that was founded on a "dark deal" – that's how the Chinese official put it to me: a dark deal.

I would like to note that I have long considered myself a libertarian Marxist. This causes laughter and outrage from both Marxists and libertarians because they accuse me of being a hypocrite. If you are libertarian you cannot be a Marxist and if you are a Marxist you cannot be libertarian, they say. I see it differently.

They [the Chinese] are far more humanistic than the United States ever was. [...] Of course they're trying... they are peddling for influence, but they are non-interventionists. Absolutely non-interventionists in a way that Europeans, the West, has never managed to fathom. The Chinese never asked Apple to go to Shenzhen and produce all the iPhones, it was Steve Jobs that decided that. It was not China that went to Washington DC and demanded that they buy a third of your national debt. If they hadn't bought it, you would be in serious trouble. [...] When it comes to the influence of China outside its borders, it's quite remarkable that they don't seem to have any military ambitions. Instead of going into Africa with troops, colonially destroying the country, killing people like the West has done for the last hundred years, what they did was they went to Addis Ababa and they said to the government: "We can see you have problems with your infrastructure, we would like to build some new airports and upgrade your railway system, create a telephone system, and rebuild your roads. And we will do this all for free." No strings attached. "We don't want anything from you". And they did. Why did they do it? Because this is soft power.

A young man in Australia, a long, long time ago, well before we ever knew about WikiLeaks, had an idea: the idea of using Big Brother’s technology to create a large digital kind of mirror to turn to the face of Big Brother so as to enable us to be able to watch him watching us — a bit like turning the mirror to the face of the Medusa. WikiLeaks is based on that idea... WikiLeaks and Julian, as we know, have been persecuted for revealing to the world, especially to liberals, Democrats, Tories, social democrats — revealing to them the crimes against humanity perpetrated by our own elected leaders, in our name, behind our backs.

If you take an iPhone apart, every single technology in it was developed by some government grant, every single one.

What is being offered to the Greek people is circuses with no bread. And the circuses are not even funny.

These lazy answers always flourish during periods of deflation. Deflation, ladies and gentlemen, was always going to be the result of this particular design of the euro and deflation begets monsters: it was Mussolini, it was Hitler; now it is [a new fascist international].

What did they understand better than we did? They understood better than we did the new, audacious imperialism that was born in 1971, when Bretton Woods collapsed, and the United States dollar was no longer convertible to gold, prompting [President] Richard Nixon to send a message to Europeans, European governments, and the world's capitalists, saying: "The dollar, as of today, is your problem".

They [the Chinese] are immensely self-serving, as they would. But a the same time they have a quality that we need in Southern Europe. Actually, I think everyone needs to have foreign direct investment by patient inverstors. They are patient investors. They don't come in to grab an asset for speculative purposes. They come in order to create a base on which to build and build and build. And their horizon is 20-30 years. What Europe has not done with Greece is to do what the Chinese were prepared to do to come there with their workers, with their engineers, and actully do some serious work.