“He wants to reduce the value of the dollar… in order to make American exports more competitive and imports into the United States more expensive. At the same time he wants to maintain the hegemony of the dollar.” Yanis Varoufakis explains the secret behind Trump’s tariff strategy, and his new obsession with cryptocurrency. This interview […]
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Whatever happened to the notion that, faced with the enemies of democracy, we should fight their ideas but, equally, for their right to express them? The answer, unfortunately, is that it died an ignominious death on Sunday, as Romania’s Central Electoral Bureau, with the full support of the European Union’s liberal establishment, banned far-Right candidate Cǎlin Georgescu […]
The post Liberals should be outraged by Cǎlin Georgescu’s election ban – UNHERD appeared first on Yanis Varoufakis.
After dismissing Bitcoin as a scam during his first White House stint, Trump warmed to cryptocurrencies during his re-election campaign. To complete his conversion, on the 6th of March the 47th President signed an executive order to set up a “Strategic Bitcoin Reserve and a US Digital Asset Stockpile”. The United States government sensibly stockpiles […]
The post Crypto’s role in Trump’s economic masterplan (with special emphasis on stablecoins) – UNHERD appeared first on Yanis Varoufakis.
Faced with President Trump’s economic moves, his centrist critics oscillate between desperation and a touching faith that his tariff frenzy will fizzle out. They assume that Trump will huff and puff until reality exposes the emptiness of his economic rationale. They have not been paying attention: Trump’s tariff fixation is part of a global economic […]
The post Donald Trump’s economic masterplan – UNHERD appeared first on Yanis Varoufakis.
The curse of finance ministers whose country’s business model is broken is that they are powerless to transform the economy, yet too powerful not to take the blame. But when the economy is merely stagnating, not yet in free-fall, preventing the descent into a financial crisis should require no more than average competence. Sadly, the […]
The post Rachel Reeves’ unbearable acquiescence to the City bankers – UNHERD appeared first on Yanis Varoufakis.
On 9 February 1967, hours after the US Air Force had levelled the Port of Haiphong and several Vietnamese airfields, NBC aired a Star Trek episode featuring a concept that clashed mercilessly with what had just happened in Vietnam: the Prime Directive – a general ban on its Starship captains from using superior technology (military […]
The post Star Trek: A humanist communist manifesto for our times – UNHERD appeared first on Yanis Varoufakis.
Manos, a sixth-generation farmer from Thessaly, put it to me bluntly when I asked him to explain why he was prepared to drive his tractor 400km to Athens to camp outside Parliament: “If I don’t, my farm will soon follow our village school, co-op, post office and bank branch into oblivion.” His story is neither […]
The post The roots of European farmers’ anger were baked into the EU – UNHERD appeared first on Yanis Varoufakis.
It was early September in 1971. My mother had taken me in a taxi to a boutique hotel in a leafy northern Athenian suburb to visit my favourite uncle, her beloved brother. Before we got out the car, she put her arm around me and whispered words of courage in my ear. You see, Hotel […]
The post NATO from the perspective of having grown up under US-sponsored neofascism – UNHERD appeared first on Yanis Varoufakis.
In his new book, Technofeudalism: What Killed Capitalism, Yanis Varoufakis, the Leftist economist and former finance minister of Greece, suggests that the capitalist age has already come to an end. He argues that a new global economic and political system has stealthily replaced the old order, with the emerging dominance of tech monopolies like Amazon and Google. He […]
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My grandmother had the theory that, as we get older, our mind subconsciously cleanses our memories of a myriad misfortunes, leaving a sanitised version of the past for us to feel nostalgic about. The optimism of remembrance, she called it. Little did she know that her reasonable hypothesis would, one day, become the climate change […]
The post What’s behind this summer’s unnaturally huge Greek forest fires – UNHERD appeared first on Yanis Varoufakis.