2008 marked globalised capitalism’s near death experience. A decade later we have no right to be looking at those events as part of our economic history. The reason? We are still entangled in the crisis that the events of 2008 sparked off. They remain very much at the centre of our present. The […]
Yanis Varoufakis: Risk has not been diminished, just taken out of sight Ten years after its near-death experience, capitalism is back to its old ways. Bailouts for the few and austerity for the many have caused global debt to rise 40% since 2007. Yes, British and European banks have contracted (as US authorities required Barclays, Deutsche […]
YANIS VAROUFAKIS: Our new international movement will fight rising nationalism, its underlying fascist moment, and the pseudo-liberal establishment whose policies gave rise to it (Click here for The Guardian) Our era will be remembered for the triumphant march of a globally unifying rightwing – a Nationalist International – that sprang out of the cesspool of financialised capitalism. […]
Before 2008 we could all see that global trade imbalances were growing inexorably, creating a glut of savings in surplus countries that flowed into deficit countries, causing house price, stock exchange and debt bubbles whose bursting would never end well. What few could see, however, was that, behind the dominant narrative of unfettered competition and […]
The European Parliament elections will be a major battleground that the neofascist forces of the emergent Nationalist International (Salvini, Kurz, Orban, AfD, CSU, parts of the CDU, and of course figures like Donald Trump and Steve Bannon) will contest enthusiastically. DiEM25 and our EUROPEAN SPRING are determined to confront them on the basis of a […]
In the autumn of 2008 events unfolded in Wall Street that the crushing majority of people around the world had been led to believe could never occur. It was the financial equivalent of watching the sun spinning out of control soon after it rose above the horizon. Humanity watched on in collective disbelief. The […]
This year, the good people behind the Edinburgh Festival have kindly invited me to host a series of discussions under the title KILLING DEMOCRACY? My remit was: Further to explore the question of whether the current form of financialised capitalism is devouring democracy, reflecting on my work with the Democracy in Europe Movement (DiEM25). In a […]
Yanis Varoufakis – Happiness, Inc. – Think Again – a Big Think Podcast #149 Jason GOTS: As the Wu-Tang Clan once put it: “Cash moves everything around me… Get the money. Dollar dollar bill, y’all.” I grew up not wanting to believe this. All the stuff that seemed worth having was hard to put a […]
