Click on Chris Hedges: I want to begin Yanis with the consequences of economic dislocation uh in terms of societal unrest, I think back to my coverage of the war in the former Yugoslavia that was precipitated by an economic meltdown and hyperinflation which I believe contributed to the vomiting up of these Trump-like figures Radovan Karadžić. This economic dislocation has always throughout history consequences that extend far beyond you know economic punishment and I just wondered if you can talk about that.
Yanis Varoufakis: Sure. You are referring to the unintended consequences of a very stupid war into which uh Donald Trump has been Trump trapped by Benjamin Netanyahu because you know Chris until now I think that Trump was winning everything. He won the uh trade war the tariff war with the Europeans. He was very successful in weaponizing big tech and cryptocurrencies with a genius act from his perspective. He was winning and this is uh you know this uh um ridiculous campaign in which he has been sucked into for reasons which I don't think we will know until quite a few years pass. This is going to have long running long long-standing effects uh long-term effects. Chris, I was reading in the Wall Street Journal in the Financial Times some wishful thinking articles uh in which the the comparison was being made between uh what's happening now in Iran and uh liberation day last year. Remember when there was a spasm in the markets? The markets got panicky and jittery after the announcement of the huge tariffs that effectively suspended world trade for a week or so. And so the Financial Times and the Wall Street Journal wishful thinking goes along the lines of well it didn't turn out that bad. Within a month or two or three markets were back. The economy shook off all uh you know concerns about recession and well maybe if this ends soon in the next few weeks uh then uh we will again be able to uh proclaim in a couple of months that it was a a silly thing that had happened but you know uh world capitalism US-based capitalism dollarized capitalism um proved resilient. Well, I don't think that this is possible. Not only because this war is not going to end very quickly. I don't think none of us have has a crystal ball, but I think that Donald Trump has been well and truly caught in this trap that Netanyahu has set up for him......
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