Former Greek Finance Minister: Universal Basic Income Is Now A Necessity – Mintpress News (blog)

Yanis Varoufakis and Noam Chomsky discuss the concept of a basic income guarantee also known as a universal basic income.

(Photo: Russell Shaw Higgs/Creative Commons)

Published in partnership with acTVism.

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 to the speech, Varoufakis addresses a wide range of questions from the public.

All of these questions and much more are addressed in the video:

About Yanis Varoufakis:

Yanis Varoufakis is aprofessor of Economic Theory at the University of Athens, founder of the Democracy in Europe Movement 2025 (DiEM25) and former finance minister of Greece.

As finance minister of Greece he resigned shortly after he found out that his prime minister decided to cave into the austerity program of the Troika that the majority of Greece rejected in the historic OXI vote.

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Former Greek Finance Minister: Universal Basic Income Is Now A Necessity - Mintpress News (blog)