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? […]
The chances of Trump pursuing an economic stimulus that will benefit the lives of those he promised to help are slim.
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, […]
[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 […]
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 […]
I had a bet with my American friend Stewart Brand that Trump would win. He wrote to me this morning: “You called it right. And I called it wrong. Groan. Now the weirdness!” I wrote back to him:
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 […]
By Thomas Seibert and Yanis Varoufakis, members of DiEM25’s Coordinating Collective As in the case of Brexit, we refuse to respond in a binary manner (remain or leave, Clinton or Trump) to the question facing voters.
Click here for the CNN site. (Note that the title was chosen by CNN’s editor.) Arthur Miller once said that “an era can be considered over when its basic illusions have been exhausted.”
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YANIS VAROUFAKIS, ROSEMARY BECHLER, ALEX SAKALIS, and ANTHONY BARNETT 13 September 2016 (Click here for the openDemocracy site) What role does national self-determination and ‘self-government’ play in European and human emancipation today? Yanis Varoufakis replies for DiEM25. Yanis Varoufakis has recently been engaged in debating this key question for our times with the left. (See more.) […]
ATHENS – Politics in the advanced economies of the West is in the throes of a political shakeup unseen since the 1930s. The Great Deflation now gripping both sides of the Atlantic is reviving political forces that had lain dormant since the end of World War II. Passion is returning to politics, but not in […]
The full transcript of my discussion with Noam Chomsky at the New York Public Library (26th April 2016) was just sent to me by Kelly Patrick Gerling. I thank him profusely. Here it is, just below the video window April 26, 2016, LIVE from the New York Public Library, www.nypl.org/live, Celeste Bartos Forum YANIS VAROUFAKIS: Good evening, we don’t have anyone […]
In April 2016, in the context of a talk I gave in Seattle’s City Hall, Casey Jaywork (of the Seattle Weekly) and I had this conversation. For Casey’s site click here. Or…
By Daniel Marans. Click here for the HP site or read on… WASHINGTON — The United States did not pressure Germany more heavily to give Greece debt relief because it needed Germany’s cooperation in higher-priority foreign policy matters, according to a former Greek finance minister.
Sen. Bernie Sanders (I-Vt.) attacked the International Monetary Fund and European authorities on Wednesday for imposing what he called excessive austerity measures on Greece in negotiations over the country’s debt payments. [Click here for the Huffington Post site, or read on]
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 […]
On 12th November 2013 Economists for Peace and Security convened a workshop in Washington DC to discuss Jobs, Investment and Rebuilding America: An economic and national security agenda. In that forum we heard Jason Furman, Chair of the Council of Economic Advisors, deliver a passionate speech in defence of social security and welfare provisions against […]