Yanis Varoufakis has helped to organize a new pan European democracy movement, DiEM25. As he says, there is a crises of democracy in Europe, which has given rise to the rapid growth in right wing, nationalist, xenophobic, political movements throughout Europe.
He is calling for the technocratic European structure to be made democratic. From The Guardian — www.theguardian.com/...
“Europe will be democratised, or it will disintegrate, and it will do so quite fast”, the self-described “erratic Marxist” said, warning of a return to a “postmodern version of the 1930s”.
“One simple, radical idea is our motivating force: to democratise Europe in the knowledge that the EU will either be democratised or it will disintegrate at a terrible cost to all.”
In an article published in the Guardian last week, Varoufakis said the DiEM25 group would lobby for more transparent processes in European decision-making, including live-streaming of council meetings and full disclosure of trade negotiation documents.
It is only thanks to WikiLeaks that we have a better idea what TPP-TISA-TTIP, the biggest secret agreement in history.
Not surprisingly, he supports the more democratic Sanders over the more technocratic Clinton.
So, add another wonk to Sanders’ 170 wonks.
Where Sanders is calling for the democratizing of our economics by placing moral concerns at the center of his ideas, thus demanding our economics bend to our morality, Clinton proposes a “pragmatic” approach of having our morality bend to an economics who her advisers see as holding scientific validity, rather than being thoroughly a product of our moral choices.
The differences between Sanders and Clinton is stark: Does the earth revolve around the sun or does the sun revolve around the earth?
Our democrats would have it one way, our technocrats another.
To give an indication of this Copernican debate: Should we be concerned about public debt to GDP ratios? Or, should we make a Copernican revolution, look through the telescope, and “replace the budget constraint with an inflation constraint”? neweconomicperspectives.org/…
Or should we continue having the technocrats at The Fed pursue monetary policy because we can’t trust government to govern, and can’t trust the rubes to not demand the impossible?
Are we going to demand our government do its’ job as our public bank and fund The General Welfare as determined by democratic process? Or, as Clinton would have it, are we going to rely upon private bank debt to fund our General Welfare, even though this expectation requires a belief in rainbows and ponies, considering current private deb to GDP ratios?
From economist, and fellow Sanders supporter, Steve Keen — current private debt to GDP — Please read this short article, it’s invaluable no matter who you support:
rwer.wordpress.com/...
Anyway, here’s Yanis on Sanders and the why the world, including our dying planet, needs democracy, both political and economic, and why both need to revolve around morality, not the other way around: