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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 Wo… - Yanis Varoufakis
" "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".
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About Yanis Varoufakis
Yanis Varoufakis (Greek: Γιάνης Βαρουφάκης, pronounced [ˈʝanis varuˈfacis]; born 24 March 1961) is a Greek-Australian economist. He is the former finance minister of Greece. Varoufakis was a member of the Hellenic Parliament for Athens B from January to September 2015; he regained a parliamentary seat in July 2019.
Also Known As
Native Name:
Ιωάννης Βαρουφάκης
•
Γιάνης Βαρουφάκης
Alternative Names:
Ioannis Varoufakis
•
Ioannis Georgiou "Yanis" Varoufakis
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Why did the original Non-Aligned Movement fall prey to neo-imperialism's highest form, which is of course globalization, financialized capitalist globalization? The short answer is because capitalists, in practice, proved better internationalists than we were. Because they understood the nature of neo-imperialism better than we did, and that's why they won.
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