Op-ed
What’s behind this summer’s unnaturally huge Greek forest fires – UNHERD
, 31/08/2023
My grandmother had the theory that, as we get older, our mind subconsciously cleanses our memories of a myriad misfortunes, leaving a sanitised version of the past for us to feel nostalgic about. The optimism of remembrance, she called it. Little did she know that her reasonable hypothesis would, one day, become the climate change […]
How the EU out-trumped Trump, plus what is killing capitalism: My last week’s Diary in The New Statesman
, 18/07/2023
The week started ominously with a French journalist asking me whether the Greeks have turned cold-hearted, alluding to the apparent apathy to the drowning of hundreds of refugees off the coast of the Peloponnese and to the murky role played in this tragedy by our Coastguard. Yes, I replied without a second thought. A population […]
New AI Germ Busters Can Also Bust Unions – Project Syndicate op-ed
, 18/07/2023
Humanity has now developed AI algorithms capable of fully decoding a killer bug’s proteins and creating an effective antibiotic. Was there ever any doubt that conglomerates like Amazon would seize upon this opportunity to shrink workplaces along their supply chain where AI predicts a higher probability of unionization? ATHENS – Last week brought a rare good-news […]
Austerity Ruined Europe, and Now It’s Back – Project Syndicate op-ed
, 17/07/2023
The United States is experiencing an investment boom, owing to industrial policies that grant enormous subsidies – including to European firms – for investing in America, largely in green tech. Europe, meanwhile, is responding with a return to the austerity policies that caused it to fall behind the US in the first place. ATHENS – […]
Who’s Afraid of Central Bank Digital Currencies? Project Syndicate op-ed
, 01/06/2023
Once upon a time, the greed of tobacco companies was channeled through libertarian outrage over the restriction of smokers’ freedom to choose cancer. Today, the outrage is serving the interests of bankers panicking at the prospect of central bank digital currencies. ATHENS – When First Republic Bank failed, the Federal Deposit Insurance Corporation organized a […]
The Strange Death of the Liberal Individual – Project Syndicate op-ed
, 01/06/2023
Only a comprehensive reconfiguration of property rights over the increasingly cloud-based instruments of production, distribution, collaboration, and communication can rescue the foundational liberal idea of liberty as self-ownership. Reviving the liberal individual thus requires precisely what liberals detest: a revolution. ATHENS – My father was the epitome of the liberal individual, a splendid irony for […]
La Stampa interview (English version) on Greek gvt refugee policy, Greece’s economy, MeRA25′ electoral setback, the euro, Italy’s PD and… Angela Merkel
, 29/05/2023
In this post you will find my original answers (in English) to La Stampa‘s varied questions (27/5/2023); from the Greek government’s shameful policy on refugees and MeRA25’s electoral setback, to the future of the Eurozone, my friend Elly Schlein’s leadership of Italy’s main opposition party, the PD and, yes, Angela Merkel! Almost all parties, on […]
On Al Jazeera, explaining what I mean when proposing that we blow up the banking system
, 09/04/2023
For a related article click here.
Time to Blow Up the Banking System – Project Syndicate, March 2023
, 09/04/2023
The banking system we take for granted is unfixable. The good news is that we no longer need to rely on any private, rent-seeking, socially destabilizing network of banks, at least not the way we have so far. This time the banking crisis is different. It is, in fact, worse than in 2007/8 when we […]
Europe’s latest illiberal democracy: Greece! – New Statesman
, 24/03/2023
“Like lambs to the slaughter” was how an elderly neighbour described the deaths of youngsters travelling on Intercity 62 which, on the night of 28 February, crashed head-on with a freight train in Greece killing 57 people. Many of the dead were students returning after a long weekend from Athens to their universities in Thessaloniki. […]
On the shameful deal Osborne-Mitsotakis are hammering out over the Parthenon antiquities – UNHERD
, 24/03/2023
From the very beginning, Elgin’s removal of the Parthenon’s statues and friezes caused something of a discursive British civil war. On one side were humanists, like Lord Byron; on the other were Empire apologists, who defend Elgin’s actions and support the British Museum’s inalienable property rights to the artefacts it, eventually, purchased from him. Over […]
Will China Dump Its Dark Deal with America? – Project Syndicate
, 20/02/2023
A new cold war is upon us, but only China is in a position to push it beyond the point of no return. That moment will come when China’s policymakers cross the Rubicon and decide to wean Chinese economic growth off the US trade deficit. ATHENS – True hegemons prevail not by force but by […]
Is Europe Deindustrialising? – Project Syndicate
, 23/01/2023
The real problem confronting European manufacturing is not the threat of factory closures. It is that, compared to the United States and China, Europe has fallen far behind in the race to accumulate, and benefit from, the cloud capital that represents the future of profit in industries like electric cars and green energy. ATHENS – […]
Greece’s Varoufakis brings his anti-establishment party to Italy – POLITICO
, 06/12/2022
Yanis Varoufakis tried to rescue Greece from the austerity imposed by the liberal establishment. Then he wanted to rescue the whole EU. Now the motorbike-riding, leather jacket-wearing former Greek finance minister has turned his attention to Italy. “If ever there was a moment it is now,” the economist told POLITICO in an interview to mark the […]
The Techno-Feudal Method to Musk’s Twitter Madness – Project Syndicate op-ed
, 06/12/2022
Immediately after taking over Twitter and pronouncing himself Chief Twit, Elon Musk affirmed his commitment to safeguarding the platform as the “public square” where anything and everything is debated. It was a smart tactic, because it successfully diverted the public’s attention from what Musk is really up to. ATHENS – Elon Musk had good reasons […]
The New Iranian Revolution as an opportunity for the Internationalist Left – Project Syndicate
, 15/11/2022
Iran’s protesters will neither submit to the fascism hidden behind the regime’s pseudo-anti-imperialism nor surrender their country to the hegemony of the United States or their economy to financialized capital. The Western left should learn from them. ATHENS – Dealing with random, unprovoked abuse is never easy. But dealing with random, unprovoked praise can be […]
Rishi Sunak’s ‘grown-up’ austerity is designed to keep zombie capitalism alive
, 10/11/2022
The demise of Trussonomics was a welcome victory for decency and common sense in a minor battle within a broader class war. Sadly, the class that Liz Truss tried to bolster with copious tax and regulatory gifts will win this war by deploying an even nastier, blunter, dirtier weapon: austerity. Britain’s wealthy owe a debt […]
Iran’s Revolutionary Moment as the Internationalist Left’s Great Challenge – by Shoja Azari
, 24/10/2022
Shoja Azari, is an Iranian visual artist and filmmaker based in New York, working with Sherin Neshat, his life-long partner and comrade, on art projects of note and substance. Their last project is Land of Dreams, a magnificent new film set in the United States but ever so redolent of meaning viz. the New Iranian […]
How the West poisoned its money – Project Syndicate op-ed
, 10/10/2022
ATHENS – Capitalism conquered the world by commodifying almost everything that had a value but not a price, thus driving a sharp wedge between values and prices. It did the same to money. The exchange value of money always reflected people’s readiness to hand over valuable things for given sums of cash. But, under capitalism, […]
Is This the End of ‘Socialism for the Rich’? – The Atlantic
, 10/10/2022
Last Thursday, the International Monetary Fund spooked the markets and surprised the commentariat by chiding the U.K. Conservative government for fiscal irresponsibility. The shock was palpable. For the IMF to criticize the government of a major Western economy was a little like the janitor scolding the landlord for putting the building’s assessed value at risk. That sense […]
Trickle-down Truss is carrying on the dirty work of Thatcher, Blair and Osborne – THE GUARDIAN
, 01/10/2022
If Kwasi Kwarteng’s mini-budget survives the storm it triggered, a banker on a million-pound annual salary stands to receive £50,000 of income tax relief – on top of the extra bonuses the bank can throw in, now that the Liz Truss government has removed the cap on them. Meanwhile, a Deliveroo rider gets a pep […]
Zombie capitalism is unravelling – THE NEW STATESMAN
, 29/09/2022
This is no sterling crisis. It is a crisis of British capitalism caused by 40 years of underinvestment and deindustrialisation, exacerbated by chronic reliance on speculative bubbles and triggered by Liz Truss’s extravagant kindness to Britain’s wealthy. While all eyes are on the fall of the pound, the real drama revolves around the Bank of England’s […]
The Greek Watergate – UNHERD
, 23/09/2022
Nothing surprises me more than politicians professing to be surprised that their phones have been tapped. In the world revealed to us by Edward Snowden almost a decade ago, no phone is beyond the reach of motivated eavesdroppers. This is not to say, however, that phone-tapping political opponents has lost its capacity to poison democracy. […]
Are we Greeks insufferable nationalists? UNHERD
, 18/09/2022
We Greeks have a reputation for being insufferable nationalists, most of whom genuinely believe that Greek culture is superior to that of other nations and peoples. We were even anointed the most culturally chauvinistic Europeans in a recent Pew survey. At the risk of confirming that stereotype, I shall blame it on… foreigners, with their immoderate […]