The economist and author’s latest book considers how 21st-century capitalism resembles feudalism, and offers an alternative Yanis Varoufakis – former Greek minister of finance, economics lecturer and prolific writer of books – has often admitted that the left is good at critiquing capitalism but not so good at suggesting alternatives. “When Margaret Thatcher coined ‘Tina’ […]
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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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In his latest book, the Greek politician – who in 2015, at the height of the Greek debt crisis, was catapulted from academic obscurity to Minister of Finance – argues that insane sums of money that were supposed to re-float our economies in the wake of the financial crisis and the 2020 pandemic have ended […]
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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 […]
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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 […]
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Invited and chaired by Patrick Lovell (director of The Con), in this video Bill Black and I discuss financial corruption in the USA and the EU. Bill Black needs no introduction. As a lawyer he filed over 1700 indictments for financial corruption in the US, from the S&L scandal to this day. He was also the […]
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The European Union has long suffered from a democratic deficit, owing to the absence of a united European polity that can hold EU political institutions accountable. In recent years, three developments have all but destroyed the idea of the EU as an effective force for good within and beyond Europe. ATHENS – The quiet days […]
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Inglorious procrastination is one of the European Union’s standard responses to major crises. This is not merely due to the difficulty of getting twenty-seven Prime Ministers and Presidents to agree. It is also because of their motivated tendency to ask themselves the wrong questions, thus heading slowly but inexorably to self-harming policy solutions. After the […]
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