Yanis Varoufakis: 'Capitalism is DEAD'

Go to our sponsor https://venice.ai/useful and use code useful to enjoy private, uncensored AI. Using our code will get you 20% off a pro plan.

This episode is brought to you by BetterHelp. Give online therapy a try at http://betterhelp.com/USEFUL and get on your way to being your best self.

Check out DeleteMe and use our code IDIOTS for a great deal: https://joindeleteme.com

Support local jobs and get variety of high-quality clothing and activewear at https://www.american-giant.com and get 20% off your first order with promo code USEFUL. Thanks to American Giant for sponsoring the show!

Check out Avocado Green Mattress: https://avocadogreenmattress.com

------------------------------------------------------------------------------------------

Click here for the full interviews with Yanis Varoufakis: https://www.usefulidiotspodcast.com/p/extended-episode-yanis-varoufakis-928?r=je5va&utm_campaign=post&utm_medium=web&showWelcomeOnShare=false

See Katie and Yanis live in Brussels on March 7: https://diem25.org/brussels-event-the-battle-for-europes-future-starts-now-yanis-varoufakis-katie-halper-grace-blakeley-and-melanie-schweizer/

Watch this week's Thursday Throwdown: Brian Stelter: Voters Who Want Peace Are Illiterate https://www.usefulidiotspodcast.com/p/brian-stelter-voters-who-want-peace?r=je5va&utm_campaign=post&utm_medium=web&showWelcomeOnShare=false

For $6 a month, become a Useful Idiot! Get extended interviews, Thursday Throwdowns, and bonus content at http://usefulidiotspodcast.com

Join us LIVE on Youtube every Monday at 10am EST for Monday Mourning, where we watch the Sunday morning news shows so that you don't have to.

Useful Idiots’ resident economist Yanis Varoufakis returns to the show this week to analyze Trump and Musk’s chainsaw cuts to Medicaid, USAID, and other government programs, answering the important question: is it actually bad for a government to run a deficit?

But before getting into the DOGE of it all, Varoufakis gives an economic explanation for how Trump reclaimed power, and whose fault it is.

“Donald Trump is the creation of the Democratic Party's spectacular, lamentable failures,” he says. “The first time he was elected, it was entirely due to Barack Obama. Barack Obama betrayed every single promise or principle that he put forward in 2008.”

And his reelection was a result of the same calculated missteps by the Dems. “The average American couldn't make ends meet. And yet the liberal establishment were saying you've never had it so good and you should celebrate the fact that we've had a recovery in the labor market and inflation. People couldn't make ends meet. And there was a Democratic establishment telling them that it was the best of all possible worlds. How dare you complain about your finances?”

Just as he did after Obama, Trump capitalized on this: “Trump comes again and says, I'm looking you in the eye and I can recognize your pain and I'm going to make you great. So he got elected as a result of very concerted efforts by the Democrats to lose.”