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 […]
Essays
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: […]
I just pulled out of a conference in Turkey in protest at the invasion of Northern Syria’s Kurdish region
It is with profound regret, and after much reflection, that I am pulling out as a speaker at an interesting and worthy international conference organised by TRT World in Istanbul on 21st October. I do so in protest of the Turkish armed forces’ invasion of Northern Syria. The ongoing invasion is not only an assault […]
Η μόνη καλή λύση για το Brexit – Κυριακάτικη Real News
Οταν το 1946 οι ευρωπαϊστές ενθουσιάστηκαν ακούγοντας τον Ουίνστον Τσόρτσιλ να μιλά ενθουσιωδώς υπέρ της δημιουργίας των Ηνωμένων Πολιτειών της Ευρώπης, μάλλον δεν πρόσεξαν την επόμενη φράση του με την οποία ξεκαθάριζε ότι η Βρετανία δεν θα έμενε εκτός, καθώς, αναφερόμενος στη χώρα και τον λαό του, είπε: «Εμείς είμαστε με την Ευρώπη αλλά δεν είμαστε της Ευρώπης». Η […]
Time for ECB bonds! (Yes , things are this bad) – Project Syndicate op-ed
ATHENS – During his tenure as President of the European Central Bank, Mario Draghi forged a variety of weapons that he deployed to shield the eurozone from menacing deflationary forces. Without them, the euro would have been history. However, the deflationary specter haunting Europe was never truly defeated and is now back with considerable vengeance. In the […]