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Becoming popular by opposing populism: A progressive’s task – The Guardian

A few days ago I received an email from the Guardian: “We’re putting a panel together of writers and thinkers following the announcement that Jeremy Corbyn is planning to relaunch his image and policies as a leftwing populist. We are asking for 300 words in response to the question, “What should Corbyn’s leftwing populism look […]

Asia DiEM25 English Media North America Op-ed Project Syndicate The Global Minotaur: A theory of the Global Crisis

Trump, the Dragon, and the Minotaur – Project Syndicate op-ed

  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? […]

Asia DiEM25 English European Crisis Greek Crisis North America Politics and Economics The New Statesman

New Statesman interview: The Left’s duty after Trump’s awful victory

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, […]

DiEM25 English European Crisis North America The Global Minotaur: A theory of the Global Crisis Uncategorized

Trump, our post-modern 1930s and DiEM25’s moment

[Originally published here] The election of Donald Trump symbolises the demise of a remarkable era. It was a time when we saw the curious spectacle of a superpower, the US, growing stronger because of – rather than despite – its burgeoning deficits. It was also remarkable because of the sudden influx of two billion workers […]

DiEM25 English North America Politics and Economics The Global Minotaur: A theory of the Global Crisis Uncategorized

Why America still matters

Why is America still important? Below I copy the answer I gave in 2011 in the last chapter of The Global Minotaur: America, Europe and the Future of the World Economy. (For those not familiar with the economic meaning of my Minotaur allegory, read this.) Today, as the Trump Presidency looms, I fear that that conclusion […]

DiEM25 English European Crisis Middle East North America Politics and Economics South America Uncategorized

Trump’s Triumph: DiEM25 on how progressives must react

Donald Trump’s victory marks the end of an era when a self-confident Establishment preached the end of history, the end of passion and the supremacy of a technocracy working on behalf of the 1%. But the era it ushers in is not new. It is a new variant of the 1930s, featuring deflationary economics, xenophobia […]