If the US president-elect’s efforts to eliminate America’s trade deficit succeed, real-estate prices in Miami and Manhattan will crash, the cost of servicing government debt will skyrocket and the Dow Jones will plummet. Perhaps he should be reminded that the most vengeful of deities is one that grants him his sincerest wish. ATHENS – Donald […]
The post America’s Trade Deficit Is Not Afraid of Donald Trump – Project Syndicate op-ed appeared first on Yanis Varoufakis.
Trump wants to boost exports, bring back American jobs from overseas and reduce the trade deficit. To achieve this he needs a weaker dollar. Trump also wants a strong dollar and will not brook any challenges to its near monopoly of international payments. Can he possibly have both? Trump’s Problem No.1: His announced tariffs will […]
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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.
How does wealth manage to persuade poverty to use its political freedom to keep wealth in power? By merely posing his dazzling question in 1952, Aneurin Bevan captured liberal democracy’s greatest paradox. Today, in the era of Elon Musk, Peter Thiel, J.D. Vance and their Big Tech brethren, Bevan’s time-honoured paradox has only grown preposterously. […]
The post Musk, Trump and the Broligarchs’ novel hyper-weapon – Le Monde 4-1-2025, full original English version appeared first on Yanis Varoufakis.
@ChrisGiles (Financial Times) decided to have some fun by celebrating “The astonishing success of Eurozone bailouts”, using Greece as the poster girl/boy of that exercise in futility, the EU’s most spectacular failure. With such friendly scribblers, Europe has no need for sworn enemies! His evidence? That Greece, the basket case of the euro crisis, reported […]
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