Yanis Varoufakis: Basic Income Will Be a Major Part of Any Attempt to Civilize Capitalism (Video)
"Think of basic income as a trust fund for all our children," the Greek economist said at an acTVism event, "to be financed by dividends from our aggregate capital—which was, after all, created collectively."“Think of basic income as a trust fund for all our children,” Greek economist Yanis Varoufakis said at an event organized by the nonprofit acTVism, “to be financed by dividends from our aggregate capital—which was, after all, created collectively.”
Listen to the rest of Varoufakis’ argument in favor of universal basic income, a program he says would help establish equality and “help central bankers go to sleep at night.”
— Posted by Natasha Hakimi Zapata
TRUTHDIG’S JOURNALISM REMAINS CLEARThe storytellers of chaos tried to manipulate the political and media narrative in 2025, but independent journalism exposed what they tried to hide. When you read Truthdig, you see through the illusion.
Support Independent Journalism.
Related Stories
TD Original
In Pakistan and Iran, a grassroots women-led movement gives hope to millions of stateless people.
Activism
There is nothing right about a legal system that protects those hurting animals and punishes those trying to save them.
Politics
Advocacy organizations are pushing for new policies on voting rights, finance reforms, and judicial accountability.
Truthdiggers
Friends and mentees remember the mother of the disability rights movement.
Activism
The mission of Indigenous activists continues through their children and grandchildren.
World
Yemeni refugees say they are being abused by border guards and left to die.
TD Original
In Pakistan and Iran, a grassroots women-led movement gives hope to millions of stateless people.
Activism
There is nothing right about a legal system that protects those hurting animals and punishes those trying to save them.
Politics
Advocacy organizations are pushing for new policies on voting rights, finance reforms, and judicial accountability.
Truthdiggers
Friends and mentees remember the mother of the disability rights movement.
Activism
The mission of Indigenous activists continues through their children and grandchildren.
World
Yemeni refugees say they are being abused by border guards and left to die.