On 4th December 2016 I delivered the keynote at the RiskMinds International risk management conference in Amsterdam. A summary of my talk, compiled by the organisers, follows.
ATHENS – If Donald Trump understands anything, it is the value of bankruptcy and financial recycling. He knows all about success via strategic defaults, followed by massive debt write-offs and the creation of assets from liabilities. But does he grasp the profound difference between a developer’s debt and the debt of a large economy? […]
I had no doubt Donald Trump would win, just like I had no doubt Brexit would happen, so maybe I’m not as shell-shocked as you,” says Yanis Varoufakis. The former Greek finance minister is speaking to me several days after the Republican candidate’s historic victory. He doesn’t sound smug about being so prescient, more resigned, deflated, […]
In early January 2016, Michel Feher interviewed me in Paris in advance of our announcement of DiEM25. Click here for Part 1 or here for the Zone Books – Near Futures website, to watch the complete video and/or read the transcript.
Click above for an audio of my Moscow talk – which RT-tv was broadcasting live until I began to criticise the Putin government…
VAROUFAKIS TOLD YOU SO By DAVID PATRIKARAKOS ATHENS — Yanis Varoufakis lives in understated elegance. His apartment is spacious and pleasing to the eye. Shelves bulge with books on politics and economics, unsurprising for a university professor who was, until July, Greece’s finance minister. TO READ THE INTERVIEW ON POLITICO’s SITE, CLICK HERE. Or…
ATHENS – Like Macbeth, policymakers tend to commit new sins to cover up their old misdemeanors. And political systems prove their worth by how quickly they put an end to their officials’ serial, mutually reinforcing, policy mistakes. Judged by this standard, the eurozone, comprising 19 established democracies, lags behind the largest non-democratic economy in the […]
Greece is off the headlines, for now, as China’s crisis has taken over. In our globalised world, the two crises are utterly intertwined, both the repercussions of global capitalism’s 2008 ‘moment’. Here are some extracts from my The Global Minotaur, both the 2011 and the 2013 editions…
Dr. Ludger Schuknecht, senior economist at the Germany Finance Ministry, explains his ministry’s viewpoint regarding Greece. This viewpoint essentially holds that Eurozone countries should live within their means; adjust to their debt burdens; and take their reform medicine as needed. If they do so, they will be successful, as illustrated by Ireland, Spain, and Portugal. Greece […]
In this article, aptly subtitled It’s lonely being the global policeman, Slavoj evokes a parallelism between the age of extremes that began as the British Empire was losing its grip with the present moment in history. Now that the Global Minotaur (quoting my book) is mortally wounded, “…the American century is over and we are witnessing […]
Interviewed by Dr. Michael Maier for Deutsche Wirtschafts Nachrichten: For the interview in German, as published on the DWN site, Click here for PART A , on the Ukrainian crisis Click here for PART B, on Greece and the Eurozone For the whole interview in English,…
I just received an interesting letter from a colleague who authorised me to share its essence with you, but without revealing his identity. The views expressed are his own and, though I do not agree with his conclusion, I believe this short letter should be essential reading for all those of us who follow the […]
THE HIGHS The definitive discovery of the Higgs boson particle that confirms our capacity to grasp the ways of the universe first through logic and theory and later empirically; a triumph of human reason Mitt Romney’s implosion at the ballot box At last, a decent James Bond flick A piece of graffiti in downtown Athens […]
This post follows up from earlier ones entitled Europe after the Global Minotaur and America after the Global Minotaur. These posts are extracts from the forthcoming new edition of The Global Minotaur.