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From the Great Moderation to the Great Crash, the Great Recession, the Great Stagnation, the Great Inflation and, finally, to the Great Volatility. What are the forces driving this 50yr dynamic? Plus an answer to: “What did the euro crisis teach us about the EU’s various debt instruments?” A lecture delivered on 24th January 2023 […]

The post What’s behind the Great Volatility? Audio of SSGA Zurich Address appeared first on Yanis Varoufakis.

So used are we to the idea of an ‘electricity market’ that the next sentence may jar in your mind: There is no such thing as an electricity market! In this video I explain why those who talk to us about electricity markets as something natural, clever and necessary are either deluded or in the […]

The post Exposing the scam that is an electricity ‘market’ – ANY electricity ‘market’ 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.

A diverse group of global thinkers answers 8 fundamental questions about economics and capitalism. In this video interview, Yanis Varoufakis has a go: 0:00 – Prologue 01:19 – Intro 01:38 – 1. Why does economics matter? 03:00 – 2. What are the differences between economic science and economic engineering? 09:46 – 3. What role does […]

The post AGE OF ECONOMICS interview on economics and capitalism – video appeared first on Yanis Varoufakis.

"(The government) can run media organisations to bring its own message out, but it should never exert control over the entire industry."

"Tears in my eyes. Thank you Minister and all those working alongside you.. This is a beautiful act for our beautiful imperiled planet."

"It was very surreal for me to be in a place that for years I criticised from the offshore prisons."

"(The plan) shows direct disregard for the sovereignty and self-determination of Pacific peoples and the ocean their livelihoods depend upon."

David McWilliams and I sat down in front of a splendid, heartwarming, boisterous Kilkenomics audience to talk about Technofeudalism but also Ukraine, Britain and Europe. The ersatz audio recording is not of the highest quality (sorry!) but it is not terrible either (especially if you have a good headset). Apologies for this but one of […]

The post Discussing Technofeudalism, Ukraine & Britain with David McWilliams in Kilkenny – audio 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.