"So moving from the oligarchic ownership model, where you buy as many votes… and this is how you should think of shares; shares are votes! And they are the votes in the assemblies where serious decisions are made. The serious decisions are not made in the Houses of Parliament. They are not made in the Congress or the Bundestag. They are made in the boards of directors and the general assemblies of Goldman Sachs, of Volkswagen, of Google, and so on. This is where the big decisions are being made, the decisions that determine your life, as well as life on the planet. So these are the votes that count. And to say that there is a market for votes and the rich can buy them is the end of democracy... We have an oligarchy with elections and the elections are bought by the oligarchy."
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People from AthensEconomists from AustraliaAcademics from AustraliaAcademics from GreeceEconomists from Greece
Original Language: English
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"Techno-Feudalism and the End of Capitalism – interview with Yanis Varoufakis" (17 May 2021)
https://en.wikiquote.org/wiki/Yanis_Varoufakis
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Yanis Varoufakis
Yanis Varoufakis (Greek: Γιάνης Βαρουφάκης, pronounced [ˈʝanis varuˈfacis]; born 24 March 1961) is a Greek-Australian economist. He is the former finance minister of Greece. Varoufakis was a member of the Hellenic Parliament for Athens B from January to September 20
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