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Tag: Yanis Varoufakis

Chomsky On Neoliberalism: ‘Profit Goes To Apple And Microsoft, Not To The Taxpayer’

Posted in Journalism, and MintPress News

According to noted political philosopher and scholar Noam Chomsky, neoliberal politicians are hypocrites who prioritize corporate finances over both taxpayers’ well-being and their own economic principles.

In April, Chomsky sat down with Yanis Varoufakis, the former Greek finance minister and founder of the Democracy in Europe Movement, in a public conversation hosted by the New York Public Library.

Independent media site acTVism Munich released an excerpt from their one-hour dialogue on Tuesday. The first in a series of videos of the dialogue focuses on neoliberalism and how it’s shaped the modern world and global economy.

“One of the paradoxes of neoliberalism is that it’s not new and it’s not liberal,” said Chomsky, a professor of linguistics at MIT who is also well known as a scholar of global politics and economics.

As Income Inequality Grows, Experts Consider Guaranteed Universal Income

Posted in Journalism, and MintPress News

Swiss voters overwhelmingly rejected the idea of a universal income, under which every resident would receive a monthly stipend, regardless of their employment status.

Under the plan, every adult over 18 would have earned a monthly income of 2,500 Swiss francs (about $2,563). Children would have also received a monthly stipend. The funds to support the plan would have come from the profits of the lucrative Swiss banking industry.

Despite about 77 percent opposition to the plan in the wealthy nation, some experts on global capitalism maintain that it could someday become a reality in Switzerland and elsewhere.

“I believe that every child that gets born should have a minimum trust fund that allows that child to live in freedom, in dignity, and then to do what they can with their talents if they want more,” Greek economist Yanis Varoufakis said during an April discussion of basic income and the future of work at Gottlieb Duttweiler Institute, a German economic research think tank. His remarks are excerpted in a June 3 video from acTVism Munich, an independent media outlet.