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Valve Economist Yanis Varoufakis Appointed Finance Minister of Greece

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Re: Valve Economist Yanis Varoufakis Appointed Finance Minister of Greece

#2
For those interested, here is a really interesting video of Gabe Newell at the Lyndon B Johnson School of Public Affairs talking about some of the in-game economic problems Valve has faced in the past few years. I think he briefly mentions Yanis somewhere in the middle of the video.

https://www.youtube.com/watch?v=Td_PGkfIdIQ

Re: Valve Economist Yanis Varoufakis Appointed Finance Minister of Greece

#7
post #5

https://www.youtube.com/watch?v=HpIsZL5FJVs&t=3m55s Here's a great talk he did on the problems of Maastricht.

Good video, but quite long. If anybody wants a more compressed summary of the policy points, check this one out:

https://www.youtube.com/watch?v=ytXgMnm9tHs

Note that he is a mathematical economist with a PhD (focusing on game theory), and also a self-proclaimed Marxist. So his ideas and perspectives are very interesting, to say the least, and at times very unique.

Re: Valve Economist Yanis Varoufakis Appointed Finance Minister of Greece

#9
post #6

Smart. Does this mean I can have a vote and decide to not pay for any games from Steam now?

You're implying Greece did take Euro money without any intention to repay other countries. The reality is much more nuanced.

Greek did take part of a fund destined to boost their economy, like Western european countries with the US's Marshall Plan. Whether the investments made with this money were profitable or not it's up to debate, but the end game (as for Spain, Portugal and Italy) always were to improve the greek economy and middle class in order to strenghten the overall euro economy.

Now that the "southern" euro countries are in deep financial troubles, Euro bons were lended to them, not donated. Thoses bonds has to be repayed fully, but without sucking dry the Greek economy or burdening it for too long (western countries have a rap sheet of taking advantage of African countries in debt).

Please do not mistake Greeks for their representatives.

Re: Valve Economist Yanis Varoufakis Appointed Finance Minister of Greece

#10
He started a blog about his experiences at Valve [1], but stopped shortly after starting it. I was a bit disappointed, because the posts were very well written and insightful. I'd guess now he really has no time for it.

[1]: http://blogs.valvesoftware.com/economics/

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