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Mon Sep 28, 2015, 02:10 PM

Austerity is Smokescreen for Class War Against Poor, Says Yanis Varoufakis

Full article:

"The problem is that austerity is being used as a narrative to conduct class war," he said, lambasting the government for cutting taxes on the wealthy while slashing spending on public services.

"To be talking about reducing the state further when effectively what you are doing is reducing taxes like inheritance tax and at the same time you are cutting benefits—that is class war," Varoufakis continued.

Varoufakis called for Britain's public institutions, from the National Health Service to higher education, to be protected from free market economics.

Ultimately, Varoufakis expressed hope that Jeremy Corbyn—the anti-war, anti-austerity candidate who was elected leader of the British Labour Party earlier this month—will turn out to be the inverse of Margaret Thatcher, who he said "reinvigorated right-wing politics."

"It would be wonderful if Jeremy could do this for the left-wing and put on a show for us outsiders," Varoufakis said.

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