Europe’s Leaders Are Aiding Italy’s Populists - Project Syndicate op-ed

The fact that Italy’s public debt has a lower credit rating than private debt is a reflection not of public debt’s intrinsic inferiority but of a political choice made by European leaders. And, by bolstering an authoritarian politician, that choice is now blowing back on them.

ATHENS – Italy is now the frontline in the battle of the euro. Deputy Prime Minister Matteo Salvini is being propelled by a political tailwind that may, after the European Parliament elections in May, enhance his capacity to inflict serious damage on the European Union. What is both fascinating and disconcerting is that the xenophobia underpinning Salvini’s ever-increasing authority is being generated by the eurozone’s faulty architecture and the ensuing political blame game.

To continue reading click here

Europe’s Leaders Are Aiding Italy’s Populists – Project Syndicate op-ed

03/03/2019 by Yanis Varoufakis

The fact that Italy’s public debt has a lower credit rating than private debt is a reflection not of public debt’s intrinsic inferiority but of a political choice made by European leaders. And, by bolstering an authoritarian politician, that choice is now blowing back on them.

The fact that Italy’s public debt has a lower credit rating than private debt is a reflection not of public debt’s intrinsic inferiority but of a political choice made by European leaders. And, by bolstering an authoritarian politician, that choice is now blowing back on them.

Related Posts

Why energy markets should be dismantled, especially during and after the war in Ukraine – On Democracy Now!

Are we Greeks insufferable nationalists? UNHERD

Time to Blow Up the Electricity Markets – Project Syndicate

Inflation, socialism’ for corporations & austerity for workers: FORTUNE comments on Yanis Varoufakis’ take

Inflation as a Political Power Play Gone Wrong – Project Syndicate op-e

Should we save capitalism? | Slavoj Žižek, Paul Krugman, Yanis Varoufakis, Shoshana Zuboff, and more – iai video

The Peace Process Ukraine’s Supporters Should Support – Project Syndicate op-ed

Cloudalists: The New Ruling Class & how can we confront its technofeudal order – iai lecture, 10 APR 2022

Discussing Crypto, the Left & Technofeudalism with Evgeny Morozov – CRYPTO SYLLABUS long interview

Our moral duty to Ukraine, and to each other – UNHERD (video + full transcript)

Saving Ukraine, dealing with Russia and the global repercussions of failing to do so – On TVO’s The Agenda with Steve Paikin

Here is what Central Banks could do to stem inflation without crushing the poor or killing off the Green Transition – The Guardian

Cloudalists: Our New Cloud-based Ruling Class – Project Syndicate op-ed

Why Stop at the Russian Oligarchs? Project Syndicate op-ed