Yanis Varoufakis: Bankruptocracy 2/4

The video discusses the concept of financialization and its role in the 2008 financial crisis, highlighting how the influx of capital into Wall Street led to the creation of unstable financial instruments. It introduces the Global Minotaur metaphor to explain economic imbalances and the breakdown of surplus recycling mechanisms. The video also explores the historical context of Bretton Woods and the importance of surplus recycling in maintaining economic stability.

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