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" "If you take an iPhone apart, every single technology in it was developed by some government grant, every single one.
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.
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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.
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So moving from the oligarchic ownership model, where you buy as many votes… and this is how you should think of shares; shares are votes! And they are the votes in the assemblies where serious decisions are made. The serious decisions are not made in the Houses of Parliament. They are not made in the Congress or the Bundestag. They are made in the boards of directors and the general assemblies of Goldman Sachs, of Volkswagen, of Google, and so on. This is where the big decisions are being made, the decisions that determine your life, as well as life on the planet. So these are the votes that count. And to say that there is a market for votes and the rich can buy them is the end of democracy... We have an oligarchy with elections and the elections are bought by the oligarchy.