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The COVID Class War – THE IRISH EXAMINER & Project Syndicate

, 02/07/2020

“Strengthening the solidarity of Europe’s oligarchs is not a good strategy for empowering Europe’s majority. Quite the contrary. Any “recovery” based on such a formula will short-change almost all Europeans and push the majority into deeper despair.” ATHENS – The euro crisis that erupted a decade ago has long been portrayed as a clash between […]

Europe’s Recovery Fund: An instrument of class war against weaker Europeans everywhere

, 29/06/2020

Europe never was the battlefield on which the frugal North clashed with the profligate South. Instead, every European country has been the battlefield where a vicious class war is fought by a transnational oligarchy-without-frontiers training its armour against the weaker residents of every country, every region, every community. Covid-19, and the European Union’s response to […]

The Past, Present & Post-Pandemic Future of DEBT – El Pais

, 10/06/2020

Before capitalism, debt appeared at the very end of the economic cycle; a mere reflection of the power to accumulate already produced surpluses. Under feudalism, production came first with the peasants working the land to plant and harvest crops. Distribution followed the harvest, as the sheriff collected the lord’s share. Part of this share was […]

Bernie Sanders, Ilhan Omar, Yanis Varoufakis & Richard Durbin and 300 other lawmakers call for a cancellation of developing world’s’ debt – Washington Post

, 13/05/2020

Sen. Bernie Sanders (I-Vt.) and Rep. Ilhan Omar (D-Minn.) in a Wednesday letter addressed to Georgieva and David Malpass, president of the World Bank, called on international financial organizations to consider “extensive debt forgiveness” for more than 70 of the world’s poorest countries. The letter, which also called for significant fiscal stimulus to help stabilize […]

Covid-19 has “turbocharged” the EU’s failures – Interviewed by the NEW STATESMAN’s George Eaton

, 12/05/2020

For Yanis Varoufakis, lockdown has not been a time of contemplation. “I have more work now than I ever did. As you know, everything has shifted to Zoom meetings, which means zero separation between the private and the public,” he explained when we spoke recently, during one such video call. The 59-year-old economist, former Greek […]

In conversation with David McWilliams on the future after Covid-19 – The Guardian

, 08/05/2020

David McWilliams and I have had many conversations, often in front of large audiences in Ireland, on the economics and politics of Europe, Brexit, Ireland, Greece, the world. In this latest conversation we are discussing the impact of Covid-19 on capitalism. The extract below, published by The Guardian, comes from the last chapter of an […]

On the toxic impact of the Eurogroup agreement of 9th April 2020 – With CNN’s Richard Quest (AUDIO)

, 13/04/2020

Discussing the toxic impact of the Eurogroup agreement of 9th April 2020 on Italy and Europe at large. Interviewed by Richard Quest on CNN’s Quest’s World

The EU’s new coronavirus relief deal is a gift to Europe’s enemies – THE GUARDIAN

, 13/04/2020

Europe suffered a historic defeat on Thursday night. After weeks of impasse, the Eurogroup gathering of finance ministers, whose countries share the euro, reached a decision on their collective response to the coronavirus pandemic’s economic impact. Besides constituting an epic dereliction of duty, the Eurogroup’s decision dealt a decisive blow to the foundations of the European […]

“The European Union Is Determined to Continue Making the Same Errors It Made After 2008” – JACOBIN interview

, 12/04/2020

The lack of EU help for the states hardest hit by COVID-19 is the latest sign of the hollowness of “European solidarity.” As Yanis Varoufakis tells Jacobin, the European Union’s institutions are hardwired to ignore the needs of the social majority — preferring to allow mass suffering than to change their own rules. Yanis Varoufakis is used […]

For a global movement with a radical agenda – long interview in THE HINDU (its FRONTLINE magazine)

, 08/04/2020

In this interview, the first to Indian media, Yanis speaks elaborately on the 2019 British election, Brexit, the E.U. crisis, the 2020 U.S. presidential election, the global financial crisis, rising ultra-national forces, the need for a progressive international movement, the DiEM25, rising inequality and the Greek crisis. How important is this year’s U.S. presidential election […]

Yanis Varoufakis: “Syriza Was a Bigger Blow to the Left Than Thatcher” – JACOBIN

, 11/03/2020

Former Greek finance minister Yanis Varoufakis told Jacobin why he’s publishing his secret recordings of the critical Eurogroup meetings of 2015 — and why the Left around Europe is struggling to overcome Syriza’s disastrous legacy. Yanis Varoufakis during his speech in Hellenic Parliament. Dimitrios Karvountzis / Pacific Press / LightRocket via Getty INTERVIEW BY George […]

Climate change is capitalism’s Waterloo – IRISH EXAMINER

, 11/03/2020

Steven Mnuchin’s snide remark about teenage climate activist Greta Thunberg at this year’s World Economic Forum meeting in Davos outraged liberal commentators. US treasury secretary Mnuchin, responding to Thunberg’s call for an immediate exit from fossil fuel investments, said that she should go to college “to study economics” before “she can come back and explain […]

Brexit: A rational choice for the wrong reasons? – Financial News & Project Syndicate

, 11/03/2020

The motives and thinking behind Brexit were even less worthy than those behind US President Richard Nixon’s move in 1971 to ditch the Bretton Woods system. But, as with the “Nixon shock,” there is a singular underlying historical factor that explains Brexit. ATHENS – At pivotal historical moments, rational political ruptures often are brought about […]

Coronavirus has sparked a perfect storm of nationalism and financial speculation – THE GUARDIAN

, 09/03/2020

Nationalism and speculation have seldom had a better opportunity to combine forces as the one riding today on the coattails of Covid-19, known as the coronavirus. When Covid-19 leapfrogged from China to Italy, even ardent Europeanists normally appreciative of open borders joined the deafening calls to end freedom of movement across Europe’s national borders – a […]

Oligarchy & Xenophobia: The only beneficiaries of Greece’s economic ‘recovery’ – The Guardian

, 04/03/2020

Spring is already in the air across Greece. Even in the bleakest of times, nature’s renaissance renders hope irrepressible. But this one is proving a cruel spring for a people caught up in a decade-old crisis yielding one ritual humiliation after another. Costas runs a small bookshop in my central Athens neighbourhood. Although jovial by […]

The EU’s green deal is a colossal exercise in greenwashing – The Guardian

, 09/02/2020

Ursula von der Leyen’s signature proposal co-opts the slogans of climate activism, but has none of the substance Emergencies tend to reveal our true priorities. When our house is burning down or the storm waters are flooding in, we hold on to what we value most, and leave the rest behind. A decade ago, the […]

Imagining a world without capitalism – Financial News

, 09/01/2020

Anti-capitalists had a miserable year. But so did capitalism. While the defeat of Jeremy Corbyn’s Labour party in the UK this month threatened the radical left’s momentum, particularly in the US, where the presidential primaries loom, capitalism found itself under fire from some unexpected quarters. Billionaires, CEOs, and even the financial press have joined intellectuals […]

Should liberal capitalism be saved? Martin Wolf & Yanis Varoufakis debating live

, 09/01/2020

Is capitalism past its due date? Can we even imagine a world without it? On 14th November 2019 Martin Wolf and Yanis Varoufakis debated the question ‘Should liberal capitalism be saved?’. Hosted on November 14, 2019 by the Financial Times to celebrate the Wincott Foundation’s 50th Anniversary, this special live event took the place of […]

Reflections on 2019 – my foreword in THE GUARDIAN BEDSIDE 2019

, 25/12/2019

Every year for nearly 70 years, the Guardian has collected the best of its journalism into a book – the BEDSIDE GUARDIAN. This year,  Bedside Guardian 2019 is edited by Aditya Chakrabortty with Paul Johnson, deputy editor, alongside  Jonathan Freedland, Zoe Williams Emma Graham-Harrison. The editors were kind enough to ask me to write the Foreword. As it reflects my […]

Labour’s Manifesto is fit for purpose. So, why are the middle classes so hostile to it? THE NEW STATESMAN

, 08/12/2019

What are we to make of a political class that proclaims its ethical commitments but that cannot bring itself to endorse the only concrete actions that would honour them? This general election is unique in ways that transcend Brexit. Over the decades that I have been observing British politics, never before have I witnessed a […]

My review of Banerjee & Duflo’s (this year’s Nobel winners in economics) latest book – The Observer

, 14/11/2019

REVIEW: Good Economics for Hard Times: Better Answers to Our Biggest Problems, by Abhijit Banerjee and Esther Duflo A recent YouGov survey confirmed that economists are the least trusted professionals in the UK today. Brexit is only the latest contributor to the public’s understandable rejection of a profession that has either failed spectacularly to raise […]

With a recession on its way, it is time we demanded an International Green New Deal

, 15/10/2019

Last April, again in The Guardian, David Adler and I called for a particular Green New Deal to be implemented internationally. Now that a new recession is ante portas, we are renewing this call, suggesting that we cannot afford yet another ‘good’ economic crisis to go to waste. Our latest piece in The Guardian follows: […]

Η μόνη καλή λύση για το Brexit – Κυριακάτικη Real News

, 30/09/2019

Οταν το 1946 οι ευρωπαϊστές ενθουσιάστηκαν ακούγοντας τον Ουίνστον Τσόρτσιλ να μιλά ενθουσιωδώς υπέρ της δημιουργίας των Ηνωμένων Πολιτειών της Ευρώπης, μάλλον δεν πρόσεξαν την επόμενη φράση του με την οποία ξεκαθάριζε ότι η Βρετανία δεν θα έμενε εκτός, καθώς, αναφερόμενος στη χώρα και τον λαό του, είπε: «Εμείς είμαστε με την Ευρώπη αλλά δεν είμαστε της Ευρώπης». Η […]

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