Yanis Varoufakis's Blog, page 32
November 16, 2021
LA STAMPA interview on the Italian edition of ANOTHER NOW: From Marinnetti & the Sex Pistols to Hephaestus & favourite books
Marinetti and the Sex Pistols are milestones for Costa: is that true for you as well?
Marinetti’s Manifesto for the future made more sense to me when the Sex Pistols sang “there is no future” than before. It was this negation of Marinetti that proved more of a milestone for me.
Why are Italians and Greeks traditionally considered prone to “wheelin and dealin”?
Because “wheelin and dealin” was always the modus vivendi of pre-industrial, Mediterranean commerce. From the Phoenicians to the Greeks and the Romans, our common civilisation was built on bartering, trading, wheelin and dealin – while Northern Europeans specialised on conquest (from the Vikings to the Goths). It was only with the industrial revolution and capitalism that “wheelin and dealin” was contrasted against large-scale, technologically advanced manufacturing whose commodities dominated markets. Even the North-South divide within Italy is due to this transformation.
The Eurovision Song Contest is a model for assigning bonuses in the Other Present: how did this idea cross you mind? (Are you keen on kitsch musical events?)
I did not invent the idea. I saw it being practised in a flat-managed US corporation. They told me they borrowed the idea of each employ getting a number of ‘points’ that they could only award other employees (but not themselves) from Eurovision. Am I keen on Eurovision? Not in the slightest. But I do confess that, in the past, I have enjoyed skipping the dreadful songs and watching the scoring process!
The soviet model has been a failure. Does catalonian anarchosyndacalism offer the right path?
Yes, the soviet model failed. But it did succeed in certain ways and there are important lessons we can learn from it. Indeed, the Japanese postwar growth model borrowed heavily from soviet central planning (Gosplan) and owes much of its success (and several of its failures) to those ideas and practices it borrowed from Gosplan. Similarly with the Chinese model. However, the soviet, Japanese and Chinese experiences confirm – in different ways – that the Catalan anarchosyndicalists were absolutely right to fear at once (and equally) the power of the state’s bureaucracy, on the one hand, and the power of privately owned corporations, on the other hand. In ‘Another Now’, I tried to come up with a sketch of how firms could operate today, using today’s technological means, so as to allow production to combine freedom both from state power and from oligarchic corporate power.
In the best world capitalism is dead: do you think it’s really possible?
At the risk of raising too many eyebrows, I am of the firm view that capitalism is dying anyway – not in ‘another now’, but in this now. Let me explain: Capitalism, in all its forms (19th century competitive capitalism, early 20th century oligopoly capitalism, post-Bretton Woods financialised capitalism etc.), has two characteristics: it is driven by profits and it extracts value through markets. But, after 2008, and especially in the post-pandemic era, the economy is driven, not by profits but, by central bank money. Moreover, markets are steadily displaced by platforms (e.g., Amazon, Facebook etc.) that are digital fiefdoms. In short, a type of technofeudalism is already taking us over. If I am right, the question is not whether capitalism will die but what system will replace it: One that democratises work and play? Or one that allows a new cast of technofeudal lords to rule over everyone? In ‘Another Now’ I attempt to sketch a blueprint for the former.
Economic depression can be a breeding ground for political monsters: what is coming out of the pandemic? (Are you vaccinated?)
(Of course I am vaccinated – a fanatical supporter of vaccines as a public good) I have been warning since 2007 that deflation breeds political monsters, a prediction that was sadly realised as the post-2008 policies of ‘socialism for bankers and austerity for everyone else’ begat the Nationalist International (from Trump and Salvini to Modi and Bolsonaro) which, in turn, begat our post-democratic, post-capitalist present – a process that was accelerated by the pandemic. This is how the new regime, which I call technofeudalism, was born. It is the reality that we must now either submit to or, as I suggest, try to overthrow.
In your novel, poetry is “all we have to prevent our dreams turning into nightmares”: which are your favorite poets?
This is an impossible question. It is like being asked to mention my favourite piece of music or my favourite film. But since you are asking me, I will fall back on some ‘golden oldies’: Homer, Ovid, Shakespeare, Kavafi and T.S. Eliot.
The guide for a better society isn’t Marx anymore, but Star Trek’s Captain Picard?
Marx would have loved Picard! Consider Star Trek: The Next Generation episode 25 of Season 1 (The Neutral Zone) where Picard is chatting with a 20th century businessman (just unfrozen) who cannot wrap his mind around the news that, in the 24th century, technology has allowed humans to do without money, private property, poverty etc. Picard explains further that, with needs and wants satisfied by replicator technology, private profit became meaningless and people’s motivation has become not to accumulate but to improve themselves. To which the smart businessman replies: “You got it all wrong Captain. It was never about possessions or money. It was always about power.” To which Picard replies: “Power was always an illusion”. Had he been able to watch this, Karl Marx would have stood up to salute and applaud Picard!
A character of your novel explains that happiness is in ourselves, and never lies “elsewhere.” It looks like an almost spiritual, mystical, religious call to an inner search. Are you interested in spirituality, besides politics?
Of course. I am a libertarian Marxist because of my spiritual materialism. Where others see contradiction, I see a dialectical blending of opposites into something splendid that makes life worth living.
What is happiness for you?
A state of bliss that can only be attained if you are not trying to attain it. A state that you may, if lucky, find yourself in as a byproduct of leading a life of creativity and virtue. Not dissimilar to doing good – which you can only genuinely do if you are doing it for no reason, for the hell of it.
Better being always in disagreement (as Iris) rather than building the perfect society?
Since no society can be perfect (thankfully!), constantly disagreeing with our circumstances is a prerequisite for both the good life and the good society.
In the epilogue, one of the main characters leaves on a motorbike. Judging from some photos, it seems like you also use the motorbike. What does it mean for you?
Joy! Seriously, I am now 60. But to this day, every time I get on my motorcycle to drive away, which is all the time, I feel the same thrill, the same smile forming on my face, as I did when I was 16.
Hephaestus’s myth warns us: will technology be humanity’s downfall? Are Luddites right?
Technology is, as we all know, both a blessing and a curse. And here is its beauty: It forces us to be responsible for the great powers we unleash by inventing them. As for the Luddites, they are the most misunderstood movement. They were never against technology. They were against the use of technology by the owners of the machines against the majority of the workers. We need to recover their agenda: to turn machines into our slaves, not vice versa.
When you were a minister, the infamous markets trembled at every move you made. Did you feel guilt, satisfaction or indifference for the ensuing instability?
This is not true. International markets were rather calm during my tenure. By the time I became minister, the troika had already cynically transferred Greece’s debt from the silly private bankers (who had stupidly lent mountains of money to our corrupt state) onto the shoulders of European taxpayers. That why the international markets were mostly calm in 2015. What happened in 2015 is that Berlin, the ECB and the troika engineered a bank run in Greece, paving the ground for bank closures, so as to crush a government which said no to yet another credit card. When they succeeded, following my resignation, another credit card was given. And then another. And now, during the pandemic, another via the ECB. The result? Greece and the Greeks are more bankrupt today than ever, our bankruptcy costs Europeans more than ever, but no one talks about it. Omertà!
Have you ever bought shares (maybe feeling guilty like Costa)?
No, I have not. But my Australian pension fund has been buying shares, with my pension contributions, whether I consented or not!
What is the most important book you’ve ever read?
Homer’s Odyssey
Which book made you dream as a child?
Jules Vernes’ The Mysterious Island
Which books are on your bedside?
Iris Murdoch’s The Prince
And which works had the deepest influence on your political thinking?
Marx’s Economic and Philosophical Manuscripts
Is there a mistake you made as a minister that you wouldn’t make again?
Working hard in favour of a four month ‘cooling down’ period to give our negotiations with the troika a chance to reach a viable agreement. I should have, instead, pulled the plug from Day 1.
Do you think that Greece has recovered from its crisis?
Are you serious? In 2010 we were declared (correctly) bankrupt because our national income had fallen from €220 to €200 billion, while the state’s debt had risen to €295 billion. Today our national income is less than €170 and the national debt €360!
Debt is one of capitalism cardinal sin. Did you ever get into debt? (credit card, loans, etc.)
Of course. I lived most of my life, as a student and later a lecturer, immersed in debt. I have first-hand experience of its burden.
What do you do in order to relax and empty your mind?
I play the piano. I find it wondrous how doing so very quickly makes me forget who I am, where I am, everything. I am forever grateful to it for allowing me to exit my ‘ego’, my circumstances.
Will you ever give up your engagement in politics?
No, never. I breathe as, what Aristotle called, a political animal.
Democracy was born in your Greece, where it showed its greatness and its limits. The tragic destiny of the righteous, wise Phōkíōn shows that the people aren’t always able to act with fairness and choose what’s best for them… What do you think about it?
This is correct. And that’s what why we need democracy. Democrats are people who have the decency to know that none of us have the answers and, therefore, that we must crowdsource the answers – even the questions!
Why did you opt for an almost sci-fi form in writing a political novel?
Because sci-fi is the archaeology of our present.
For the La Stampa site, please click here.
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Talking to the Bunker about ANOTHER NOW

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What’s behind the Cop26 fraud? – The Guardian
For The Guardian site please click here.
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November 6, 2021
Assessing the Biden Presidency one year after his election – Rick Wolf & Yanis Varoufakis
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Explaining to friend & comrade Slavoj Zizek that which why I didn’t get a chance to tell my father: why I think capitalism has evolved into technofeudalism
For our complete, two hour hour-long conversation, which took place as part of the Indigo Festival on 21st October 2021, click below
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Can capitalism be fixed? An Intelligence Squared debate between Gillian Tett (Yes!) and Yanis Varoufakis (No!)
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Star Trek vs The Matrix: Chatting with Briahna Joy Gray about my ANOTHER NOW on BAD FAITH

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What’s behind our #yourNHSneedsYou campaign: DiEM25 ushering in a new way of doing progressive politics – The New Statesman


So far #yourNHSneedsYou! has been endorsed by: Brian Eno, Stephen Fry, George Monbiot, Frankie Boyle, Jonathan Ross, David Tennant, Russell Brand, Jo Brand, Steve Coogan, Joe Lycett, Johnny Vegas, Vicky McClure, Romesh Ranganathan, Ed Byrne, Dane Baptiste, Shappi Khorsandi, Rachel Parris, Charlotte Church, Caroline Lucas, Jeremy Corbyn, John McDonnell, Lemn Sissay and Michael Rosen.
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October 13, 2021
Σκληρό Μαρκάρισμα Νο. 6.Με τον Γιώργο Ευγενίδη
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October 11, 2021
ANOTHER NOW: Socialist Alternatives to Capitalism Explored in New Novel – On Democracy Now!, with Amy Goodman
AMY GOODMAN: This is Democracy Now!, democracynow.org, The War and Peace Report. I’m Amy Goodman.We’re joined now for Part 2 of our interview with Yanis Varoufakis, member of the Greek Parliament, former finance minister of Greece. We spoke with him about the outcome of the German elections in the first part of our interview. His latest piece for Jacobin, “Angela Merkel Was Bad for Europe and the World.” He’s also a professor of economics. But he’s written a novel. It’s his new book. It is called Another Now.Yanis Varoufakis, thank you for staying with us. Start off with that title, Another Now.YANIS VAROUFAKIS: All my life as a lefty, I had to find ways of escaping the poignant question: “Mate, if you don’t like capitalism, what’s the alternative? How could the system work differently? Labor markets, companies, land use, housing, foreign trade — how would it all work if people like you could reshape the world?” And I have to admit that this is a question that most socialists, like myself, whenever we heard it, we run for cover, because it’s a very difficult question to answer. You can’t possibly even begin to imagine that the Soviet Union is a good model for what we need here now. It was a gulag. I would be the first one to end up in the gulag. I always knew that. So it was a question that, for a long time, I avoided by concentrating on criticizing capitalism.And, you know, now I’m 60, Amy, and I decided that it’s time to put my money where my mouth is. But, you know, sitting down to write a treatise of how would markets work, how would this work and so on, was just too boring to do. So I decided I’m going to write a novel, because, you see, when you have a novel, you have characters. And when you have characters, you can put different ideas — your own ideas, different ideas, because I have conflicting ideas in my head, about how a democratic, socialist, liberal, market society should be like — so I put different ideas into different characters, and I let them fight it out.And I created — I used the medium of science fiction in order to imagine what would have happened in 2008 if a transnational, international technorebellion took place. How could we transform capitalism, overcome capitalism, replace it with a thoroughly democratized economy? And, you know, how could it come to be? And what would it be like? So, there you are. I would have created another now by the end of writing this novel, I thought, and that’s what I hope I have done.AMY GOODMAN: So, and you’ve done it brilliantly. Tell us the story of Costa, your main character, a brilliant but deeply disillusioned computer engineer.YANIS VAROUFAKIS: Well, by the way, can I break some news to you? Costa is based on a real person. He’s also called Costa, and he — I hope he’s not listening to me now. He lives in Los Angeles, where he is a high-tech freak. He’s a great friend of mine, so I’m allowed to say that. He’s a Cretan, a Greek from Crete, who studied electrical engineering, computing science in Germany, who worked designing, initially, missile systems and then had a massive existential crisis and gave this up. And then he concentrated on designing bionic ears — not bionic eyes, as I have it in the book.But he represents — from where I’m standing, he represents the early and defeated hope that digital technologies — the internet, all these fantastic digital contraptions and technology — would liberate us. It’s, we know, one variety of defeated modernity, right? Another one is the Marxist left, who thought that, you know, we would rise up and storm the winter castle, and then we would bring about the good society. We didn’t. We brought about the gulag. Costa is the techie who gets very excited by technology, until he realizes what Big Tech and capitalism does with them. So he becomes utterly disillusioned and finds a way of making a lot of money for himself in order to find ways of channeling his creativity to projects that will help liberate us from, you know, the illusions that consumerism and capitalism implant into our minds.AMY GOODMAN: So, Yanis, tell us about his journey to England and the women he meets up there.YANIS VAROUFAKIS: So, there are three main characters. Costa, the tech-savvy tech evangelist who turns technophobe, because he sees what Big Tech does, what capitalism does with big technology. And then there is a neoliberal, mainstream economics professor who used to work for Wall Street, until 2008. She got burned in 2008. Then she became a professor in the United, and then in England. And she represents the other variant — sorry, I’ll say that again. And she represents the other variant of modernity, which is the neoliberal one, because the neoliberals also believe in progress. They believe that if you do away with the state, if you let the state wither and you enable markets to do their thing, to perform their miracle, everybody’s going to become better off, and everybody’s going to become free. This is another variety of modernity, the idea that reason and rationality will triumph. And that crashed and burned in 2008, as we know, when Wall Street came down, and then we had socialism for the bankers and harsh austerity for everyone else. So, that’s Eva. And then there’s Iris, the Marxist feminist, very radical Marxist feminist. She doesn’t like Marxism, she doesn’t like feminism, because she thinks that all these projects, in the end, generate different kinds of oppressions amongst comrades. So, she represents the left-wing variety, variant, of modernity.And they all meet together. And an accident that takes place in one of the contraptions that Costa has concocted, has invented, allows them to glimpse at, through a wormhole, at an alternative trajectory of the time-space continuum. The idea here is that, in 2008, the crisis was so great — I like to imagine that — that the time-space continuum split in two: the one we live on, where capitalism survived and used central banks and Big Tech and so on in order to solidify the power of the very few, but there was another trajectory where, you know, the Occupy Wall Street kind of movement, using financial engineering, using mass digital strikes, mass trade union activity and so on, overthrew capitalism and created something much better. So, those three characters can see through this wormhole. They can get glimpses of what that alternative now is like. And they get to debate it and to really have huge arguments against one another —AMY GOODMAN: The other now.YANIS VAROUFAKIS: — about its merits. The other now.AMY GOODMAN: And so, as you reflect both on your fictional writing, creating the other now, and what your job was before, as finance minister, was it strange working with fictitious capital and then turning to fiction to express your worldview?YANIS VAROUFAKIS: It’s weird and wonderful, because, let’s face it, capitalism is based on fictitious capital. You heard the other day that the International Monetary Fund created $650 billion worth of something called SDRs. What’s that? It’s fictional, fictitious capital. It’s the money tree. When the Fed creates money, that’s fictional money, fictitious money. But, of course, it’s very powerful, because those who get it, those who receive it — and it’s usually the Bank of America, Citibank, JPMorgan, Goldman Sachs — then they give it to their mates in Apple, Google, Exxon and so on, and that gives them enormous power over the rest of us. So, it’s fictional or fictitious capital, which has a real impact in the distribution of power, of who gets to order other people around. That’s what politics boils down to, and that’s what economics boils down to: the power to make other people do that which is in your own interest. That’s how capitalism works.So, I tried to imagine: Is there a way that we could, as a species, as humanity, harness the power of humanity to create fictitious capital, for the many, not for the view, to put it in — to put it in the service of organizations like FreeSpeech.org, cooperatives, social enterprises, where everyone has one vote, because everybody has one share, because this is what you do? You have corporations, you have companies, you have media companies, and you have factories, operating along the lines of a college, where, you know, when you enroll in college, you get a library card. You can’t sell it. You can’t rent it. You can’t lease it. You can’t speculate on it. But it gives you power. It gives you the power to borrow books. It gives you the power to enter the computer system of the college.Imagine if shares were like that. Suddenly, yes, we would have corporations. We’d have freedom. We have would have competition. But we wouldn’t have labor markets, because everybody would share the profits, not necessarily equally, but even the inequality, the bonuses that are given, could be decided democratically on the basis of one person, one share, one vote. Then you do away with Wall Street, because there would be no share market, because, you know, shares will not be tradable.So, if you allow your realistic fantasy, your realistic imagination, to take it further, there is a possibility. And that’s what I’m trying to do with Another Now, to dissolve the toxic dogma of TINA, that “there is no alternative,” because, astonishingly, there is always an alternative.AMY GOODMAN: Yanis, I wanted to ask you about the organization you formed with Senator Bernie Sanders, who has become extremely powerful in the Senate. For many years, people would have thought that would be another now. But it happened. He is the chairman of the Senate Budget Committee. And I’m wondering if you can talk about the vision the two of you have, not just for the United States — and what it’s like for you to see him operate in the United States — but throughout Europe and around the world.YANIS VAROUFAKIS: The vision was really very, very simple. After 2008, the bankers of the world united, forming a bankers’ international. And they got the G7 to bankroll them and, effectively, to cover for all their huge losses after 2008 by getting the central banks of the world to print enough money to give them. That’s how they bailed them out. So there is a bankers’ international. The result, we can see everywhere, from Seattle all the way to Missouri, and, you know, from New York all the way to India and to, you know, to sub-Saharan Africa and to the European Union: austerity for the many and socialism for the very few.Soon after that, the discontent that the bankers’ international created fed into right-wing, xenophobic populism. And they internationalized. You know, Donald Trump, Prime Minister Modi of India, Bolsonaro in Brazil, all the neofascists in Europe, they loved each other — the Brexiteers, the right-wing Brexiteers in Britain. And they collaborated magnificently. So there was a nationalist or ultranationalist international — which is a contradiction, but it’s not really, because they cooperate. The only people who never manage to get together and collaborate are the progressives.So, this is what, you know, Bernie and I said in Vermont in November 2018, that it’s about time. And we called upon people of the Earth to collaborate in the context of a Progressive International. Now, then Bernie had, of course, to run for president. And he did very well, and we all supported him. And I’m very pleased that he has taken up the opportunity that Biden has given him to try to push the American Senate in a progressive direction. At some point he’s going to be eaten alive by this regime, but it’s good that he’s trying. The rest of us are putting together and they are realizing that vision of the Progressive International.And let me give you an example. During Black Friday, last December, we organized a unique industrial action. We called it #MakeAmazonPay, in support of workers that are exploited, both in terms of low pay but also in terms of the automation of their bodies through the machinery that Amazon uses in its warehouses — [inaudible] humans, without humanizing the robots. So, we had this rolling strike in Amazon warehouses that was called and organized by the Progressive International. It started in Bangladesh. On the same day, it rolled into India. Then it went to Germany. Then it went to New Jersey. Then it went to Seattle. This is the kind of thing we’re doing.We now have an organization comprising different trade unions and climate activists around the world, and so on, and antiwar movements. We have about 200 million people that are, through their organizations, participating in the Progressive International. You know, we’re trying to make this work in the way that the bankers and the fascists have completely made it clear we need to move, to internationalize, because it’s the only way of fighting them.AMY GOODMAN: Well, Yanis Varoufakis, I want to thank you so much for being with us, member of the Greek Parliament, former finance minister of Greece. His new book is a novel. It’s titled Another Now. This is Democracy Now!, democracynow.org. I’m Amy Goodman.
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