This video is a recording of a live discussion between Richard Wolff and Yanis Varoufakis about the crisis of the petrodollar. The goal of this session was to gain a better understanding of what medium and long-term impacts might look like if there is a shift away from the Petrodollar, as well as what that would mean for American hegemony. It was moderated by Professor Shahram Azhar and Mike Tedesco, and produced in collaboration with Democracy at Work as part of The Left Education Project.
Yanis Varoufakis born 24 March 1961 is a Greek economist, politician, and co-founder of DiEM25. A former academic, he served as the Greek Minister of Finance from January to July 2015. Since 2019, he is again a Member of Greek Parliament and MeRA25 leader. He is the author of several books including, Another Now (2020). Varoufakis is also a professor of Economics ā University of Athens, Honorary Professor of Political Economy ā University of Sydney, Honoris Causa Professor of Law, Economics and Finance ā University of Torino, and Distinguished Visiting Professor of Political Economy, Kings College, University of London.
Richard D. Wolff is Professor of Economics Emeritus, University of Massachusetts, Amherst where he taught economics from 1973 to 2008. He is currently a Visiting Professor in the Graduate Program in International Affairs of the New School University, New York City. Earlier he taught economics at Yale University (1967-1969) and at the City College of the City University of New York (1969-1973). In 1994, he was a Visiting Professor of Economics at the University of Paris (France), I (Sorbonne). Wolff was also regular lecturer at the Brecht Forum in New York City. Prof Wolff is the co-founder of Democracy at Work and host of their nationally syndicated show Economic Update.
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