This discussion looks at the evolution of economics into a dominant global theory built on mathematical models and flawed assumptions. Also some insightful observations about “boring bankers” being banned from Bretton Woods in 1944, the empowering of finance since, as well as the political influences trumping democracy to dictate policies across the free world.
Yanis Varoufakis is the former finance minister of Greece, an economist, and the author of the book And the Weak Suffer What They Must?: Europe’s Crisis and America’s Economic Future. Recently, he was joined at LIVE from the NYPL by Noam Chomsky, the prolific linguist, social critic, and political activist. For this week’s episode of the New York Public Library Podcast, we’re proud to present Varoufakis and Chomsky discussing financial collapse, the euro, and “the sickest joke in the history of humankind.”Here is a direct video link.