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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 […]

Time for ECB bonds! (Yes , things are this bad) – Project Syndicate op-ed

, 26/09/2019

ATHENS – During his tenure as President of the European Central Bank, Mario Draghi forged a variety of weapons that he deployed to shield the eurozone from menacing deflationary forces. Without them, the euro would have been history. However, the deflationary specter haunting Europe was never truly defeated and is now back with considerable vengeance. In the […]

Boris is doing a troika, not a Varoufakis – IRISH EXAMINER

, 27/08/2019

ATHENS – Ever since Boris Johnson moved into 10 Downing Street vowing to re-negotiate the United Kingdom’s withdrawal agreement with the European Union, the conventional wisdom among many Brexit opponents has been that the UK’s new prime minister is “doing a Varoufakis” and will be crushed in similar fashion. The BBC’s Katya Adler reported from […]

Jeremy Corbyn’s finest hour? IRISH EXAMINER (Project Syndicate)

, 31/07/2019

Jeremy Corbyn must expose Boris Johnson’s no-deal Brexit as a Trump-deal Brexit and put forward Labour’s plan to end the interminable Brexit ordeal immediately, suggests Yanis Varoufakis Boris Johnson is the first British prime minister in a long time who is free of dilemmas regarding his approach to the European Union. For better or worse, Johnson’s […]

Lagarde at the ECB – my take in The Guardian

, 16/07/2019

Christine Lagarde was a key member of the infamous troika – Greece’s official creditors – who crushed our people’s resistance to perpetual debt bondage. The other key figure alongside the International Monetary Fund’s then managing director was Mario Draghi, president of the European Central Bank, who played a central role in that drama by engineering the closure of […]

Against extractive practices (social & environmental). Interviewed by Kate Aronoff for DISSENT

, 15/07/2019

“We have to talk to people in a way that combines addressing these [economic] anxieties with the issues of the environment. Unless we manage to do that, we will fail.” Kate Aronoff  Summer 2019 Yanis Varoufakis celebrating the anniversary of the Carnation Revolution in Portugal in 2018 (Pedro Ribeiro Simões/Flickr) The last few years have been […]

How Syriza’s capitulations allowed the Greek right to escape the dustbin of history – The New Statesman

, 09/07/2019

The left-wing party’s embrace of austerity created the conditions for a parasitic and cruel oligarchy to return The Greek right is back: greedier, uglier and more focused than ever. The incoming New Democracy government is determined to reclaim full control of the state on behalf of the most parasitic segment of Greece’s oligarchy and, of course, of […]

MeRA25: Greek progressives’ chance to take the fight against austerity back into Parliament – JACOBIN

, 11/06/2019

Amid the bad results for the Left in the European elections, the Greek outcome was particularly poignant. In the last such contest in 2014, Syriza rode the revolt against austerity to become the largest single party, in its final step toward national office. Five years later, in last month’s election, it finished ten points behind the […]

Since the Withdrawal Agreement cannot be re-negotiated before Brexit, only a stark General Election can clear the air – The Telegraph

, 05/06/2019

Theresa May’s sequence of strategic errors has rendered impossible a soft Brexit. By adopting red lines consistent solely with a hard Brexit, while denying herself the option of walking out without a deal, the Prime Minister engineered the current stalemate. Now, Mrs May is about to bequeath a poisoned chalice to her successor. The next […]

Why we are running in this EU election – FORTUNE magazine’s report

, 24/05/2019

Nothing has ever been subtle with Yanis Varoufakis, the leather-jacketed, motorbike-riding economist who was finance minister of Greece for six of the most tumultuous months in that country’s history. Plain-spoken (to say the least) and a self-professed radical, he is, at 58, not nearly done waging war on Europe’s major power players. This week, he […]

A Greek Canary in a Global Goldmine – Project Syndicate op-ed 17 May 2019

, 20/05/2019

ATHENS – The eurozone country that has become synonymous with insolvency is today proving to be a treasure-trove for some. Traders who bought Greek assets a few years ago have good reason to celebrate, having banked returns that no other market could have provided. But, as is often the case, an opportunity that seems too […]

The European elections could be an opportunity for a transnational Green New Deal – Adler & Wargan in The New Statesman

, 17/05/2019

Forget the People’s Vote: the upcoming elections for European Parliament have become the new second referendum. To one side, Nigel Farage hopes to gather the Leave vote behind his new Brexit Party. To the other, a splintered coalition of Greens, Changers, Lib Dems, and Labour candidates are campaigning for Remain. Both sides agree on the […]

Should Jeremy Corbyn commit to a second referendum? The Independent

, 12/05/2019

Should Jeremy Corbyn adopt an unequivocal commitment to holding a second referendum? Under normal circumstances, it should be an easy question to answer: democrats who think of referendums as a useful injection of direct democracy into our system of representative government, should be in favour. And those who are sceptical of referendums should be against. […]

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