The IMF-World Bank Spring meetings are usually placid affairs that participating central bankers wish to forget soon after they are over. Not this Spring. This April the feeling several central bankers brought back home with them was not the usual relief but something far more visceral: dread, terror even. The reason? The spectre of the […]
The post Trump Wants Big Tech to Own the Dollar – Project Syndicate op-ed appeared first on Yanis Varoufakis.
“A mixture of stupidity and nastiness… The liberal establishment is primarily responsible for the genocide of the Palestinians.” In this episode of UNAPOLOGETIC, Yanis Varoufakis unleashes a fierce critique of Western liberalism, and tells us why he feels that the global system is in crisis. This episode explores the facade of Western moral superiority, the […]
The post How Europe’s sheer stupidity combined with its ethical downfall to underwrite Israel’s genocide of Palestinians – Middle East Eye appeared first on Yanis Varoufakis.
The hitherto US-centric economic model has exhausted itself, and Trump’s government is pushing to restructure the international economic architecture to maintain US hegemony. China is the main rival in this new reality, while the Europeans are becoming an impoverished appendage to the US. The Europeans could chart a more favourable path forward, except that they […]
The post Our New Economic World Order & Europe’s Suicide: In discussion with Glenn Diesen appeared first on Yanis Varoufakis.
UnHerd’s Freddie Sayers interviews renowned economist and former Greek Finance Minister Yanis Varoufakis and Eurointelligence founder Wolfgang Münchau as they dissect the escalating trade war between Europe and the United States. With the US recently striking a so-called trade deal with the UK, and news of India signing a comprehensive agreement with the UK, tensions […]
The post UNHERD’s Freddie Sayers interviews Y. Varoufakis & W. Munchau on Europe’s prospects in the era of Trump appeared first on Yanis Varoufakis.
Economist Yanis Varoufakis says we shouldn’t underestimate Trump – he has a plan to shock the global economy, force foreign countries to buy crypto-currency in return for a deal on tariffs, and ultimately pay down debt and keep the US dollar at the centre of the global financial system. But it’s a high risk strategy […]
The post Discussing Trump’s Economic Masterplan with David Marr, on ABC Late Night Live appeared first on Yanis Varoufakis.
Neoliberalism was neither new nor particularly liberal when it prevailed 50 years ago. Its great advantage was its sharp deviation from classical liberalism. Even though it paid tribute to liberal thinkers, neoliberalism shared neither their method nor their concept of the market. Today, we are on the cusp of another, equally profound, ideological innovation. Unlike […]
The post NEOLIBERALISM IS DEAD. SAY HELLO TO TECHLORDISM – Project Syndicate op-ed & video appeared first on Yanis Varoufakis.
In this interview with Oli Dugmore, for Politics JOE, I had a chance to lay out – in around 30 minutes – the political economics and economic history behind Donald Trump’s tariff war. As I said to Oli, those of us who oppose Trump have a duty to understand what his team are up to […]
The post On the political economics and the history behind Donald Trump’s tariff war – Politics JOE appeared first on Yanis Varoufakis.
In this interview, I argue that how Trump’s Shock pans out will largely depend on whether Europe and China will act in concert or turn against one another. As for the UK, Trump has given Brexit a major boost. And here is another interview with Emily Jeshinsky of Unherd’s Undercurrents on the same subject: Trump’s […]
The post How will Europe, Britain & China react to the Trump shock: On TIMES Radio & Unherd’s Undercurrents appeared first on Yanis Varoufakis.
While waiting for the EU’s response to the Trump Shock (don’t hold your breath for evidence of intelligent life from Brussels…), those of you who really want to worry about something big, turn your attentions to perhaps the largest threat for the status quo – greater than tariffs, equities, bond prices etc. What is that? […]
The post Forget shares, bonds and tariffs. Here is what you should really worry about appeared first on Yanis Varoufakis.