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The NEW STATESMAN reviews my TECHNOFEUDALISM

, 07/10/2023

Socialists periodically predict the downfall of capitalism, but each decade the coffin remains empty. In his new book, Yanis Varoufakis – the former Greek finance minister, game theorist and “erratic Marxist” – offers a twist on this familiar narrative. Capitalism, he writes, has already died – we just failed to notice. By George Eaton “It […]

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 […]

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. […]

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 […]

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 […]

What’s behind our #yourNHSneedsYou campaign: DiEM25 ushering in a new way of doing progressive politics – The New Statesman

, 06/11/2021

A new campaign to save the NHS from privatisation-from-within (#yourNHSneedsYou) is going from strength to strength  in the UK. In this New Statesman article,  Yanis Varoufakis, Nathalie Bennett and John McDonnell explain why and how the NHS is being eaten up from within by Big Tech, Big Pharma and Big Business more generally. What makes […]

Angela Merkel’s austerity condemned Europe and Germany to decline – The New Statesman

, 28/09/2021

At the height of the eurozone crisis, one of Angela Merkel’s close advisers explained to me her driving ambition: to bequeath to her successor a stronger chancellery than she inherited. If so, as Merkel prepares to retire, she should be delighted. Germany’s trade surpluses, and thus political clout, are far greater now than when she took office […]

Revisiting the causes & effects of Brexit – New Statesman video interview

, 24/06/2021

Here I am conversing with New Statesman’s George Eaton, reflecting on five years since the EU referendum, Scottish independence, a UK progressive alliance, and whether the EU can stay relevant post Brexit.  Lest I be misunderstood, viz the New Statesman’s title: Given the EU’s post-2008 trajectory, & its behaviour more recently, if I were a […]

Η ανοσία στη Δημοκρατία ως η ρίζα των αστοχιών της ΕΕ – The New Statesman

, 14/02/2021

Το άρθρο πρωτοδημοσιεύτηκε στον New Statesman την 3η Φεβρουαρίου 2021 και παρουσάζεται εδώ σε μετάφραση της Ασπασίας Φεγγούλη. Προέκυψε από πρόσκληση του αρχισυντάκτη του New Statesman να σχολιάσω το εμβολιαστικό φιάσκο της ΕΕ .  Από την άρνηση της πραγματικότητας στην απρόθυμη αποδοχή, από την απρόθυμη αποδοχή στις σημαντικές παρεμβάσεις και από κει στην πανωλεθρία: αυτή […]

The EU’s multiple failures are due to its immunity to democracy – The New Statesman

, 14/02/2021

From denial, to grudging acceptance, to substantial intervention, to debacle: that was the European Union’s trajectory once the storm that nearly consumed Wall Street in 2008 had crossed the Atlantic, starting the euro crisis. Twelve years later, the EU’s reaction to Covid-19’s arrival is following an ominously comparable trajectory. Eurosceptics take aim at the EU’s […]

Diary entries on Brexit, defending refugees & writing postcapitalist fiction – THE NEWSTATESMAN

, 28/09/2020

Reading the newspapers last Monday, I was reminded that negotiations with Brussels are always an occasion for second-rate theatre. Ultimatums are usually issued by EU negotiators facing UK governments that talk enthusiastically of red lines and sovereignty. But now, if the Telegraph is to be believed, it is Boris Johnson who has given the EU […]

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 […]

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 […]

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 […]

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 […]

A Speech of Hope for Britain – The NewStatesman, 20 MAR 2019

, 24/03/2019

The memory of past greatness can be debilitating for a people who feel they have failed to rise to a historic occasion.  We Greeks have been burdened by this sensation at various moments in our postwar history: in 1967, when we failed to prevent a military coup; or more recently in 2015, when we allowed […]

Britain needs a People’s Debate, not a second Brexit referendum

, 24/01/2019

Britain is teetering on a knife’s edge: about to crash out of, or back into, the European Union. Either outcome would represent a defeat for democracy in the UK and in the EU. Crashing out would inflict substantial economic hardship on the weakest in Britain. It would boost jingoism and parochialism, drive England further apart […]

“The EU declared war and Theresa May played along” – Interview in The NewStatesman

, 23/11/2018

In 2016, shortly before the EU referendum, Yanis Varoufakis warned that the UK was destined for a “Hotel California Brexit”: it could check out but it could never leave. The former Greek finance minister spoke from experience. In 2015, his efforts to end austerity – “fiscal waterboarding” – were thwarted by the EU (a struggle […]

The Italian crisis was the Left’s final warning – New Statesman op-ed, 6 June 2018

, 06/06/2018

The Left must adopt a new, credible EU policy agenda: It’s time to explain how the bloc, and the euro, could be run differently, democratically and sustainably Italy’s recent political crisis has at once confirmed the European Union’s unsustainability and the left’s impotence. That the euro is a currency system within which a country like Italy cannot […]

Why we founded new political party MeRA25 to challenge austerity in Greece – The New Statesman, 5 APR 2018

, 07/04/2018

After successfully quashing Greece’s 2015 debtor’s prison break, Europe’s deep establishment has embarked on a mission to declare the country’s economic and social crisis over. To recall Tacitus, “they make a desert and they call it peace”. Since 2015, the Greek state has paid its creditors a sum equal to the aggregate pre-tax revenues of […]

Q&A in the New Statesman, on the occasion on the publication of ‘Talking to My Daughter About the Economy’

, 28/10/2017

Yanis Varoufakis Q&A: “My despondencies have become a source of energy” The economist talks “Stairway to Heaven”, game theory, and how to make good predictions. What’s your earliest memory? The first time I flew in a passenger plane. I must have been about four and I was very impressed and very scared by it. Who […]

On a radical vision for Brexit – interview with the New Statesman

, 01/09/2017

I warned Jeremy Corbyn about Brexit – now Labour must regain its radicalism Yanis Varoufakis on a radical vision for Brexit. 1st September 2017 (Click here for the original NS site) From the beginning of my conversations on Brexit with the Labour leadership, I advocated a “radical Remain” stance: the UK should be for the […]

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

, 15/11/2016

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, […]

Radical internationalism: What Europe & the Left need – The New Statesman

, 29/09/2016

Yanis Varoufakis: The left never recovered from the fall of the Soviet Union — yet there is hope

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