Economic Update: Yanis Varoufakis on the Changing World Economy

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On this week’s episode of Economic Update, Professor Richard Wolff draws attention to the 10,000 hotel workers who recently conducted a strike impacting major hotels across 19 US cities. We highlight the contested merger of the two largest grocery chains in America. Albertsons and Kroger threaten to become the third largest retail giant after Amazon, and Walmart plus the Canadian government forces 9000 Canadian railway striking workers back to work, with murmurs of a general strike looming. We also give a shout-out to a small Brooklyn pizzeria unionizing with Starbucks workers. 

Finally, an exclusive interview with world-renowned economist, politician, author, and the former finance minister of Greece Yanis Varoufakis discusses global economic change and the working class, topics discussed in his latest work “Technofeudalism: What Killed Capitalism”.

This video was produced by Democracy at Work and published on their YouTube channel on the 9th of September, 2024. We have translated it into German and are republishing it today to help build opinion on this issue in Germany and beyond.

To read the transcript of the interview: Economic Update: Yanis Varoufakis on the Changing World Economy

VIDEO: Economic Update: Yanis Varoufakis on the Changing World Economy

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ABOUT YANIS VAROUFAKIS & DiEM25

Yanis Varoufakis is a Greek politician, professor of economic theory at the University of Athens, former finance minister of Greece and founder of the Democracy in Europe Movement 2025 (DiEM25). He is also the author of several books on the European debt crisis, financial imbalances in the world, and game theory.

ABOUT RICHARD D. WOLFF

Richard D. Wolff is the founder of Democracy at Work and hosts the show Economic Update there. He is Professor of Economics Emeritus, University of Massachusetts, Amherst where he taught economics from 1973 to 2008. Earlier he taught economics at Yale University and at the City College of the City University of New York. Wolff was also a regular lecturer at the Brecht Forum in New York City. He is currently a Visiting Professor in the Graduate Program in International Affairs of the New School University in New York City.