Anti-capitalists had a miserable year. But so did capitalism. While the defeat of Jeremy Corbyn’s Labour party in the UK this month threatened the radical left’s momentum, particularly in the US, where the presidential primaries loom, capitalism found itself under fire from some unexpected quarters. Billionaires, CEOs, and even the financial press have joined intellectuals […]
Essays
Should liberal capitalism be saved? Martin Wolf & Yanis Varoufakis debating live
Is capitalism past its due date? Can we even imagine a world without it? On 14th November 2019 Martin Wolf and Yanis Varoufakis debated the question ‘Should liberal capitalism be saved?’. Hosted on November 14, 2019 by the Financial Times to celebrate the Wincott Foundation’s 50th Anniversary, this special live event took the place of […]
Reflections on 2019 – my foreword in THE GUARDIAN BEDSIDE 2019
Every year for nearly 70 years, the Guardian has collected the best of its journalism into a book – the BEDSIDE GUARDIAN. This year, Bedside Guardian 2019 is edited by Aditya Chakrabortty with Paul Johnson, deputy editor, alongside Jonathan Freedland, Zoe Williams Emma Graham-Harrison. The editors were kind enough to ask me to write the Foreword. As it reflects my […]
Labour’s Manifesto is fit for purpose. So, why are the middle classes so hostile to it? THE NEW STATESMAN
What are we to make of a political class that proclaims its ethical commitments but that cannot bring itself to endorse the only concrete actions that would honour them? This general election is unique in ways that transcend Brexit. Over the decades that I have been observing British politics, never before have I witnessed a […]
Is capitalism past its expiry date? Munk Debate (K, Vanden Heuvel & Y. Varoufakis vs A. Brooks & D. Brooks)
The capitalist system is broken. It’s time to try something different. For my 3 minute conclusion of this debate, jump to 1 hour 59 minutes There is a growing belief in western societies that the current capitalist system no longer works for average people. Economic inequality is rampant. Life expectancy is falling. The environment is […]
Why is economics not a force for good and what must we do to make it so? Cambridge 8th NOV 2019
On 8th November, at the invitation of Professor Antara Haldar of Cambridge University, I presented this talk in the context of a fascinating group of academics who gathered in the Cambridge Union’s upstairs seminar room to revive Keynes’ original idea of the Cambridge Circus – a radical circle of economists seeking the kind of economics that […]
Sophisticated Heretic – Interview with the Cambridge Union magazine TCS
Yanis Varoufakis has been adamant that he is not a politician. He might be an economist, though his conversation with Margaret Levi – a Stanford political scientist – at the Cambridge Union last Thursday evening on 7th November 2019 smashed the academic boundary walls of economics in style. His critical principles come from his characteristic […]
My review of Banerjee & Duflo’s (this year’s Nobel winners in economics) latest book – The Observer
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 […]
“Should liberal capitalism be saved?”A debate between Martin Wolf & Yanis Varoufakis, Today, London, Wincott Foundation
On November 14, 2019, The Wincott Foundation will host an evening debate at the Financial Times to celebrate its 50th Anniversary. This special event takes the place of the usual annual Harold Wincott Memorial Lecture. The Foundation was set up in honour of Harold Wincott, who was widely regarded as the finest economic journalist of […]
Quantitative Easing: Its rationale, impact and the future of the world economy – Audio of speech delivered at ICA 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 […]
“Brexit, for all its ills, has reinvigorated British democracy” – Cambridge Union address, 8 NOV 2019
Last Friday (8th November 2019), I delivered a Cambridge Union address on (what else?) Brexit. My opening message was: “Instead of moaning about the state of British institutions, rejoice! For all its many ills, Brexit has reinvigorated British democracy.” Unlike most continental European parliaments, the House of Commons remains at the heart of decision making and, […]
Capitalism, Democracy and Europe – Interviewed for the Great Transition Initiative
As harsh austerity and xenophobic nationalism fester in Europe, Yanis Varoufakis discusses his antidote with Tellus Senior Fellow Allen White. What inspired your career trajectory from academic economist to prominent supranational activist? I went into politics because of the financial crisis of 2008. Had financial capitalism not imploded, I would have happily continued my quite […]
Caroline Lucas & Yanis Varoufakis search for what went wrong with democracy – THE BIG ISSUE
The Green Party MP and the MeRA25 leader journey from democracy’s inception through the tumultuous Brexit period and through to the year 2035 There’s chaos on the streets of Westminster as the activists of Extinction Rebellion bring traffic to a standstill to highlight the urgency of action on the climate crisis. If the old democracy […]
With a recession on its way, it is time we demanded an International Green New Deal
Last April, again in The Guardian, David Adler and I called for a particular Green New Deal to be implemented internationally. Now that a new recession is ante portas, we are renewing this call, suggesting that we cannot afford yet another ‘good’ economic crisis to go to waste. Our latest piece in The Guardian follows: […]