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When Hamas launched its offensive into Israel, appalled by the butchery and the human toll it would bring on, I tried to pierce through the fog of war, through all the fear and all the loathing, and to focus instead on what could end the endless cycle of inhumanity. What was its root cause? Hamas? […]

The post Why I refuse to condemn Hamas or the Israeli settlers but insist that we, Europeans & Americans, are the culprits for the atrocities in Israel-Palestine appeared first on Yanis Varoufakis.

Just laid my hands on the first copy of TECHNOFEUDALISM – What killed capitalism. Good feeling. There is no substitute for physicality. Below, I copy the Preface and Table of Contents to offer you a whiff of the argument and style. I believe it will be in UK bookshops at the end of the month. […]

The post Technofeudalism has just arrived… Read the Preface here appeared first on Yanis Varoufakis.

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 – […]

The post Austerity Ruined Europe, and Now It’s Back – Project Syndicate op-ed appeared first on Yanis Varoufakis.

The people spoke. Unlike in 2019, when MeRA25 won nine seats in Greece’s Parliament, in yesterday’s election we failed to clear the 3% hurdle, thus, electing no MPs. However, this freshly minted Parliament was condemned before it got a chance to convene. Kyriakos Mitsotakis, the conservative party leader, who won handsomely, is about to dissolve […]

The post Our defeat in context: Greece’s Erdogan-isation is almost complete appeared first on Yanis Varoufakis.

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 […]

The post Time to Blow Up the Banking System – Project Syndicate, March 2023 appeared first on Yanis Varoufakis.

On 7th February 2023, I returned to the Chamber to discuss a wide variety of issues, beginning with a Europe-at-war, post-Brexit Britain, the New Cold War that marks capitalism’s global transition to (what I call Technofeudalism), the state of the Left in Eastern Europe and more. Thanks Cambridge Union!

The post Britain, Europe, the New Cold War Finance & Technofeudalism – at the Cambridge Union appeared first on Yanis Varoufakis.

The War in Ukraine has sped up the division of the world into two technofeudal fiefdoms – one US dollar denominated and one Chinese yuan denominated. As the world bifurcates, class struggles within each technofeudal fiefdom, as well as between them, generate destructive forces that threaten our species survival – from a New Cold War, […]

The post The New Non-Aligned Movement and New Economic System we have a duty to work towards – Havana Address, 27th January 2023 appeared first on Yanis Varoufakis.

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 […]

The post Rishi Sunak’s ‘grown-up’ austerity is designed to keep zombie capitalism alive appeared first on Yanis Varoufakis.

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 […]

The post The New Iranian Revolution as an opportunity for the Internationalist Left – Project Syndicate appeared first on Yanis Varoufakis.