The disintegration has already begun: Austerity politics at the end of Europe. Episode 978: Debtor’s Prism
After 2008, all you ended up with is functionaries of the deep establishment, minding their own interests, propagating their own careers, looking after their mates in the financial sector, and practicing the fine art of the revolving door – with a cynicism and a kind of punitive attitude towards the poor, towards the needy, towards the weak, that was completely bereft of any grand political plan for the betterment of society.
Economist and former Finance Minister of Greece, Yanis Varoufakis connects the Western establishment’s authoritarian, incompetent financial policies to the rise of the far right and the splintering of Europe, and sees a much larger crisis – of capitalism’s contradictions and the political class’s ideological bankruptcy – on the horizon, drawing closer.
Yanis is author of Adults in the Room: My Battle with the European and American Deep Establishment from MacMillan.