Wednesday, October 28, 2015

Yanis Varoufakis As Mother Theresa?

Yanis Varoufakis has guilt feelings about being portrayed in the media as a high-flying star who makes money out of his public appearances. Thus, he felt it necessary to make this public denial. And here is my response to his public denial:

"Oh my, Yanis. there is nothing immoral about collecting fees for value delivered. If you delivered no value, you would not get any fees. That system is called ‘market economy’, by the way. A system which has created enourmous wealth for societies over the centuries (after all, you will spend your money somewhere; won’t you? That will substitute for government deficit spending somewhere…).

There is no need for you to put on the Mother-Theresa-hat. On the contrary, you could be a role model for young Greeks by showing them that if you deliver value, you will be compensated in accordance with that delivered value. And if you get rich in the process and if richness bothers you for idiological reasons, just donate your wealth once you have proven that you can accumulate wealth. Warren Buffett can tell you how to do that. But first show that you can accumulate wealth!

The real losers are the ones who say: “I could have made so much money but I didn’t because it would have been immoral”. So, do you want to come across as loser?"

1 comment:

  1. Klaus, I'm confused. Varoufakis was accused of something in the media, but the facts were on his side. So he published the facts.

    Shouldn't we be blasting the media for publishing untruths, and asking them to retract, rather than criticising (even implicitly) Varoufakis for opening his books?