Welcome to the era of financialisation! Global recycling of wealth to the US, transfer of property rights from the many to the few…

Abstract

In his presentation to the Ben Turok Memorial Lecture, the guest speaker, former Greek Finance Minister Yanis Varoufakis, delivered a broad account of the crisis-ridden world economy post the 2008 crash. ZUNAID MOOLLA reports on Varoufakis’s warnings about the impact of austerity measures, global recycling of wealth from other countries to the US and the transfer of property rights from the many to the few.