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Varoufakis vs. Google at 4th Athens Democracy Forum

Óýíïäïò ôïõ "Athens Democracy Forum", ôçí ÐÝìðôç 15 Óåðôåìâñßïõ 2016, óôï ÌÝãáñï ÌïõóéêÞò Áèçíþí. (EUROKINISSI/ÃÉÁÍÍÇÓ ÐÁÍÁÃÏÐÏÕËÏÓ)
Greece’s controversial former finance minister Yanis Varoufakis got into a heated debate with Ross LaJeunesse, Global Head of International Relations for Google. Both men took part on a panel discussion at the 4th Athens Democracy Forum chaired by Nobel prize-economist Paul Krugman.
The argument began when Varoufakis characterized European inter-governance as a “cartel” and maintained that democracy concerns the diffusion of power, however, there is a shrinkage of power in the era of Google and Apple with a huge concentration of economic and political power.
LaJeunesse responded by laying out the benefits to democracy that the services of his company offer with the digital revolution bringing a decentralization of power. Each day at Google he said that the sector is filled with the corpses of companies that were once considered invincible and Google fears every day as there are no barriers for new companies with clever ideas.
Responding to a question by Krugman, Varoufakis said that companies that produce goods and services are more progressive than EU governments in matters of fiscal policy. Nonetheless, it was the failed banks in favor of austerity to save themselves with state money.
He pointed to these banks as still being insolvent.

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