Economist Yanis Varoufakis says we shouldn’t underestimate Trump – he has a plan to shock the global economy, force foreign countries to buy crypto-currency in return for a deal on tariffs, and ultimately pay down debt and keep the US dollar at the centre of the global financial system. But it’s a high risk strategy […]
The post Discussing Trump’s Economic Masterplan with David Marr, on ABC Late Night Live appeared first on Yanis Varoufakis.
After 1971, neoliberalism was an ideology essential in legitimising the emancipation of financial capital from the regulatory shackles of the New Deal and the post-war Bretton Woods system. Today, a new form of capital is on the ascendancy and needs its own ideology to be fully liberated: cloud capital. Cloud capital has created a new […]
The post NEOLIBERALISM IS DEAD. SAY HELLO TO TECHLORDISM appeared first on Yanis Varoufakis.
In this interview with Oli Dugmore, for Politics JOE, I had a chance to lay out – in around 30 minutes – the political economics and economic history behind Donald Trump’s tariff war. As I said to Oli, those of us who oppose Trump have a duty to understand what his team are up to […]
The post On the political economics and the history behind Donald Trump’s tariff war – Politics JOE appeared first on Yanis Varoufakis.
In this interview, I argue that how Trump’s Shock pans out will largely depend on whether Europe and China will act in concert or turn against one another. As for the UK, Trump has given Brexit a major boost. And here is another interview with Emily Jeshinsky of Unherd’s Undercurrents on the same subject: Trump’s […]
The post How will Europe, Britain & China react to the Trump shock: On TIMES Radio & Unherd’s Undercurrents appeared first on Yanis Varoufakis.
While waiting for the EU’s response to the Trump Shock (don’t hold your breath for evidence of intelligent life from Brussels…), those of you who really want to worry about something big, turn your attentions to perhaps the largest threat for the status quo – greater than tariffs, equities, bond prices etc. What is that? […]
The post Forget shares, bonds and tariffs. Here is what you should really worry about appeared first on Yanis Varoufakis.
“My philosophy, Mr President, is that all foreigners are out to screw us and it’s our job to screw them first.” With these words, the US Treasury Secretary convinced the President to deliver a colossal shock to the global economy. In the words of one of the President’s men, the objective was to trigger “a […]
The post Will the Trump Shock prove as momentous as the Nixon Shock? UNHERD op-ed & on BBC tv appeared first on Yanis Varoufakis.
Trump’s return isn’t just chaos, it’s a calculated strategy. While liberals dismiss him, Trump understands raw economic power in a way centrists fail to grasp. What is his master plan, and how could it backfire? Meanwhile, Musk & other billionaires are the new ruling class. As capitalism dies, we enter technofeudalism, where corporate overlords control […]
The post Trump, Europe’s Collapse & Why Liberals Keep Losing – interviewed by Rania Khalek appeared first on Yanis Varoufakis.
“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 […]
The post Trump’s tariff chaos explained – TIMES RADIO appeared first on Yanis Varoufakis.
When the powerful punish the principled, we glimpse the unmasked face of empire. Donald Trump’s vindictive executive order denying aid to South Africa — punishment for its support of Palestine and pursuit of land reform — offers precisely such a moment of clarity. The contours of our new global struggle are now etched with brutal […]
The post Stand with South Africa against Trump’s wrath – Globe&Mail op-ed 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.