In this video former finance minister of Greece, professor of economics, author and founder of the Democracy in Europe Movement 2025 (DiEM25), Yanis Varoufakis, argues why the Basic Income is a necessity today. His arguments take into account a macro socio-economic, psychological, philosophical and moral perspective. In addition after the speech Varoufakis addresses a wide range of questions from the public.

  • What is the social democratic tradition about? And how did influence Capitalism in the 20th century?
  • Why is Social Democracy coming to an end? And how is the process of financialization & the rise of technology contributing to its demise?
  • What is Bankruptocracy? What problems is it posing to our society?
  • What is the current narrative on the relationship between the markets & state in terms of wealth generation? And how and why is a change required in this narrative in order to make the Basic Income a reality?
  • What are the arguments are against a Basic Income? And how should they be confronted?
  • How is a Basic Income aligned with the Libertarian philosophy? Will it promote freedom of choice and self-determination?
  • How will a Basic Income promote creativity in our society?

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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 – University of Athens, Honorary Professor of Political Economy – University of Sydney, Honoris Causa Professor of Law, Economics and Finance – University of Torino, and Distinguished Visiting Professor of Political Economy, Kings College, University of London.

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