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Socialist Business: Yanis Varoufakis [LXXIX]
Or… Isn’t this all governing systems
Democratic Socialism
Yanis Varoufakis, a member of Greece’s Hellenic Parliament has said that central banks have given corporations a type of
“lavish socialism”
since the 2008 financial crisis.
It struck me as an odd phrase — whilst it sounds intriguing, what does he actually mean?
A definition of socialism:
“A theory or system of social organization that advocates the ownership and control of the means of production and distribution, capital, land, etc., by the community as a whole, usually through a centralized government.”
It goes on to say that big corporations were being saved by bailouts, workers were left to fend for themselves.
It sounds more like your standard corruption that we see in all forms of governing, not just socialism.
Or it could just be that I like to follow him as he was my economics lecturer at university.
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