Greece’s new finance minister used to manage virtual economies in video games

Yanis Varoufakis is one of the most important men in Europe right now. He's Greece's new finance minister, and is trying to secure a new bail-out deal for the country.

But Varoufakis hasn't always been a politician. He was hired in March 2012 by Valve Corporation, the company behind some of the world's most-loved games.

Valve is known for games like Half-Life, Counter-Strike and Team Fortress 2. It also runs the Steam video game platform that lets people play games online. That's where Varoufakis comes in.

Games like Counter-Strike have in-game economies powered by real money. Customers can pay for items in games like new guns, or even in-game clothes. But Valve games often allow players to trade items with each other, meaning that an economy forms as users set their own resale value on virtual items...

Read more here


Submit Your Event


The time for gamers to stand up and speak out is now! Your voice can help protect video games from uninformed politicians—join VGVN today.