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 Varoufakis after the speech 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 finalization & 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 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 a society?