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Diary entries on Brexit, defending refugees & writing postcapitalist fiction – THE NEWSTATESMAN

, 28/09/2020

Reading the newspapers last Monday, I was reminded that negotiations with Brussels are always an occasion for second-rate theatre. Ultimatums are usually issued by EU negotiators facing UK governments that talk enthusiastically of red lines and sovereignty. But now, if the Telegraph is to be believed, it is Boris Johnson who has given the EU […]

LOWY INSTITUDE: Interviewed by Alexandre Dayanton on EUROPE & THE FUTURE OF CAPITALISM

, 28/09/2020

In this episode of COVIDcast, Lowy Institute Research Fellow Alexandre Dayant sat down with Professor Yanis Varoufakis to discuss Europe and the future of capitalism. Yanis is currently a member of the Hellenic Parliament and served as Greece’s minister of finance during the government debt crisis. ALEXANDRE DAYANT COVIDcast is a Lowy Institute pop-up podcast […]

Discussing ANOTHER NOW with Srecko Horvat – Paranoia TV

, 28/09/2020

Imagine it is 2025 and that years earlier, in the wake of the world financial crisis of 2008, a new post-capitalist society had been born. In his new book Another Now, published this September, the world-renowned economist and former Greek Minister of Finance Yanis Varoufakis invites us into a world that is not merely science-fiction. In […]

ANOTHER NOW: My political science fiction novel depicting a fully-fledged socialism we could have had – THE GUARDIAN

, 05/09/2020

When Margaret Thatcher coined “Tina” – her 1980s dictum that “There is no alternative” – I was incensed because, deep down, I felt she had a point: the left had neither a credible nor a desirable alternative to capitalism. Leftists excel at pinpointing what is wrong with really-existing capitalism. We are good at demonstrating that […]

Europe’s Recovery Fund: An instrument of class war against weaker Europeans everywhere

, 29/06/2020

Europe never was the battlefield on which the frugal North clashed with the profligate South. Instead, every European country has been the battlefield where a vicious class war is fought by a transnational oligarchy-without-frontiers training its armour against the weaker residents of every country, every region, every community. Covid-19, and the European Union’s response to […]

Covid-19 has “turbocharged” the EU’s failures – Interviewed by the NEW STATESMAN’s George Eaton

, 12/05/2020

For Yanis Varoufakis, lockdown has not been a time of contemplation. “I have more work now than I ever did. As you know, everything has shifted to Zoom meetings, which means zero separation between the private and the public,” he explained when we spoke recently, during one such video call. The 59-year-old economist, former Greek […]

What Comes After Capitalism? (VIDEO by Sustainable Human)

, 22/04/2020

Free market capitalism died over a 100 years ago and gave way to monopoly capitalism. Monopoly capitalism is now not even able to reproduce itself, let alone sustain the planet, common decency etc. But what comes next? Thanks to the good people at PATREON for putting imagery to my words. Support the creation of more […]

Monetising misery & the future of capitalism – ABC Radio National, BIG IDEAS program

, 20/03/2020

Enormous global corporations and financial institutions are now, some say, more powerful than governments. Rules that once constrained and regulated capitalism have gone. And when their power causes massive destruction, the captains of Big Capital find ways to profit from the destruction. So, is modern capitalism, itself, a threat to capitalism? Or will corporations always […]

Euroleaks: Why release? And why now?

, 16/02/2020

During 2015’s first half, as Greece’s finance minister, I participated in thirteen crucial Eurogroup meetings – before the SYRIZA government (disrespecting the referendum result of 5th July) capitulated. The result of that capitulation was my immediate resignation and a permanent austerity program (until… 2060).  From the beginning, the first Eurogroup, it was clear that the […]

My review of Banerjee & Duflo’s (this year’s Nobel winners in economics) latest book – The Observer

, 14/11/2019

REVIEW: Good Economics for Hard Times: Better Answers to Our Biggest Problems, by Abhijit Banerjee and Esther Duflo A recent YouGov survey confirmed that economists are the least trusted professionals in the UK today. Brexit is only the latest contributor to the public’s understandable rejection of a profession that has either failed spectacularly to raise […]

Quantitative Easing: Its rationale, impact and the future of the world economy – Audio of speech delivered at ICA 2019

, 12/11/2019

Hosted by Bahrain Financial Market Association, the two-day conference organized in cooperation with the Central Bank of Bahrain themed “Reshaping Finance in a Changing Economy”. The ICA hosted the Greek former Minister of Finance Professor Yanis Varoufakis at a panel discussion moderated by Dr. Jarmo T. Kotilaine the Chief Planning and Monitoring Officer of Tamkeen. Other […]

“El ‘establishment’ y la ultraderecha se necesitan” – El Mundo

, 21/10/2019

Costa Gavras adapta al cine su libro autobiográfico en la película ‘Comportarse como adultos’ que se estrena el viernes. Yanis Varoufakis es el autor del libro en el que se basa la última película de Costa-Gavras. SANTI COGOLLUDO Yanis Varoufakis (Falero, 1961) es de los pocos ex ministros de finanzas (con o sin moto) que puede […]

Must we replace the dollar with a shared international currency unit? On the BBC World Service’s REAL STORY

, 06/09/2019

Mark Carney, Governor of the Bank of England, recently said that we need a new international currency unit to replace the US dollar. In this BBC World Service program, I was asked what I thought of the idea. For more of a background to my answer click here. (For the whole BBC program, click here.)

The IMF functions like the US-European bankers’ bailiffs – Varoufakis and Rogoff on BBC World Service’s World Business Report

, 28/08/2019

The International Monetary Fund’s latest $56 billion loan to Argentina is at risk of failing again. The Argentinian peso has slumped and opposition leader Alberto Fernandez wants to ditch the austerity conditions attached to IMF bailouts that have so far failed to reduce inflation, stabilise the currency or halt recession. The Washington-based multilateral organisation monitors […]

Stagnant Capitalism – Financial News & Project Syndicate

, 21/03/2019

When the Great Depression followed the 1929 stock-market crash, almost everyone acknowledged that capitalism was unstable, unreliable, and prone to stagnation. In the decades that followed, however, that perception changed. Capitalism’s post-war revival, and especially the post-Cold War rush to financialised globalisation, resurrected faith in markets’ self-regulating abilities. Today, a long decade after the 2008 […]

German political economy’s two naughty sisters in action, once again – George Krimpas guest post

, 04/03/2019

The lean years are here again, to the apparent satisfaction of Germany’s Finance Minister, a Social Democrat.  The rate of growth of the budgetary surplus was declining, therefore restraining expenditure was the prudent attitude, the public must rest assured that over the next few years 25 billion euros will be saved, the chance of a […]

Utopian science fictions legitimising our current dystopia – 2019 Taylor Lecture, Oxford University

, 19/02/2019

The Faculty of Medieval and Modern Languages, Oxford University, kindly invited me to deliver the 2019 Taylor Lecture on 12th February 2019. I chose the topic of  Realistic Utopias versus Dystopic Realities – my aim being to highlight the manner in which really-existing capitalism is marketed as a utopian science fiction that has nothing to do with… really-existing capitalism. Behind this elegant utopian […]

David Adler explaining our radical vision for a New Bretton Woods on CNN

, 05/02/2019

The president of the World Bank, Jim Yong Kim, just stepped down  in search of greener pastures. His readiness to resign  prompted David Adler (DiEM25’s Policy Coordinator) to I to write this op-ed in The Guardian arguing for a New Bretton Woods. In this CNN interview David explains what we mean.

At the Edinburgh Festival, in conversation with Jeremy Corbyn on reviving socialism, with Maria Alyokhina (Pussy Riot) on despotism, and with Shami Chakrabarti on liberty

, 08/01/2019

In 2018, the good people behind the Edinburgh Festival 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 series […]

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