Banking Crisis Books English History North America Talking to my daughter about the economy: A brief history of capitalism

A letter to my daughter about the black magic of banking…

As you grow up and experience more of the ups and downs of the economy, you will notice a piece of mindbending hypocrisy: during the good times, bankers, entrepreneurs—rich people in general—tend to be against government. They criticize it as a “brake on development,” a “parasite” feeding on the private sector through taxation, an “enemy […]

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Does capitalism make us happy? On THINK AGAIN: A Big Think podcast – 26 MAY 2018

Yanis Varoufakis – Happiness, Inc. – Think Again – a Big Think Podcast #149 Jason GOTS: As the Wu-Tang Clan once put it: “Cash moves everything around me… Get the money. Dollar dollar bill, y’all.” I grew up not wanting to believe this. All the stuff that seemed worth having was hard to put a […]

Arts Brexit Culture Culture DiEM25 DiEM25 UK English European New Deal History North America Political Politics and Economics Talks The Global Minotaur: A theory of the Global Crisis Theatre

INTERNATIONALISM vs GLOBALISATION, at the Royal Festival Hall, London, in association with the adjacent Andreas Gursky exhibition at the Hayward Gallery – this Monday 9th APR 2018, 19.30

Join economist and Democracy in Europe Movement 2025 (DiEM25) co-founder Yanis Varoufakis for a keynote talk on the economic force that has shaped our world: globalisation. This South Bank talk is punctuated by images from acclaimed German photographer, Andreas Gursky, whose iconic photographs have documented global capital and its effects for three decades, and whose […]

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Behind Germany's refusal to grant Greece debt relief – Op-Ed in The Guardian

Tomorrow’s EU Summit will seal Greece’s fate in the Eurozone. As these lines are being written, Euclid Tsakalotos, my great friend, comrade and successor as Greece’s Finance Ministry is heading for a Eurogroup meeting that will determine whether a last ditch agreement between Greece and our creditors is reached and whether this agreement contains the degree […]

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GREECE: Still raging against the dying of the light

In 1967 foreign powers, in cahoots with local stooges, used the tanks to overthrow Greek democracy. In 2015 foreign powers, in cahoots with local stooges, used the banks to overthrow the Greek government. In 1967 democracy’s defenders were in disarray and the prisons, the death squads, and the torturers were working overtime. In 2015 none […]

And the Weak Suffer What They Must? - the book English History Papers Uncategorized

The euro’s first inkling – a piece in lieu of Best Wishes for 2015

As 2015 is approaching, seemingly pregnant with crucial challenges for Europe, the euro and all those who have to live with it, I could not think of a better seasonal offering for readers of this blog than a suitable extract from my next book. I chose a piece that narrates, and interprets, the story of […]

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Public Debt: How the classical economists looked upon it (wonkish) – Guest article by Nicholas Theocarakis

With so much talk about public debt, the so-called debt crisis etc., it is perhaps time to take a close look at the history of the concept; of how public debt was born, on the evolution of its nature and, even more poignantly, of the manner in which economists have interpreted and evaluated its purpose […]

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CRUSH THE GREEKS! The Greek bailout revisited in the light of the Geithner revelations

Tim Geithner is now on the public record,[1] confirming that which we have always known: In February 2010, clueless as to the Euro Crisis that was about to engulf them, Northern European leaders decided to crush Greece. Collectively to punish (against even the Geneva Convention) a nation for having gone bankrupt within a Eurozone whose […]

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Interviewed by Geraldine Dooge (ABC Radio National) on Greece's Wartime 'Loan' to Germany. Plus a simple proposal for killing two birds with one stone

On Saturday 12th October, I was interviewed by Geraldine Dooge for the ABC Radio National’s program ‘Saturday Extra’ on the theme of Greek claims on Germany for wartime reparations and on a strange ‘loan’ that was extracted from the Greek government by the Nazi authorities. You can hear the interview here:   Read on for […]

English History Politics and Economics Uncategorized

On Bruno Kreisky’s legacy: A reply by Klaus Kastner, with a rejoinder from me

In yesterday’s post, I asked the question: Why has European social democracy abandoned the legacy of leaders like Kreisky, falling in line with a toxic economics and politics that thinkers like Kreisky would have dismissed in their sleep as pathetic claptrap? My allusion to, and explicit endorsement of, Bruno Kreisky (the late Austrian social democratic […]