I warn that Trump’s pay‑to‑play “Board of Peace” and mercantilist drive — enabled by placid European centrists — are reshaping and threatening the post–World War II democratic order, from plans to reoccupy Gaza to designs on Greenland.
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I argue that Trump’s ‘Board of Peace’ is an imperialist construct that will undermine and ultimately dissolve the United Nations and the foundations of international law.
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Fascism by the Book Angela Weiss/AFP via Getty Images Jan 27, 2026 Yanis Varoufakis Anyone who thinks that fascism had been vanquished for good in the mid-20th century should look to Minneapolis and other American cities. In Donald Trump’s America, and perhaps coming to other countries soon, the panoply of fascism’s strategies requires remarkably little […]
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A surprisingly agreeable and wholesome discussion with Alastair Campbell and Rory Stewart on their THE REST IS POLITICS podcast. I wish there were more opportunities for political adversaries to engage in discussions such as this one. In this episode we begin by discussing RAISE YOUR SOUL, my latest book on the five women who taught […]
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At a time Donald Trump, Big Tech and Wall Street deploy stablecoins to privatise the dollar, usurping the decentralising power of blockchain to enrich themselves at everyone else’s expense, here is an alternative use of blockchain that harnesses its decentralising powers to benefit everyone equally – to pay everyone a substantial, non-inflationary, basic dividend – […]
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My hopes these days spring not from Europe nor from the United States. Let me be frank on this. I take my hat off to the young people particularly, but not only young people, to Jewish comrades who went out on the street to demonstrate for Palestine, who were beaten up by police, who were […]
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ATHENS – Margaret Thatcher famously quipped that the problem with socialists is that, eventually, they run out of other people’s money. But what happens when bankers run out of other people’s money, as seems likely to happen soon? Either we end up with another calamitous financial meltdown or we innovate to serve the public interest […]
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Francisco Goya’s etching The Sleep of Reason Produces Monsters was an artist’s stern warning of the hideous forces unleashed in the mind when reason lowers its guard. Today, stablecoins are the gruesome forces being released into the global economy as President Trump’s crypto dreams, unchecked by reason, morphed into the GENIUS Act. Stablecoins are the […]
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Donald Trump has made it impossible for any sensible person to persevere in the delusion that global business can continue as usual. We should all welcome this, even if we are livid with Trump’s shocking behaviour, decisions and narratives. The global economy will either be rebalanced or it will crash in ways that may make […]
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The IMF-World Bank Spring meetings are usually placid affairs that participating central bankers wish to forget soon after they are over. Not this Spring. This April the feeling several central bankers brought back home with them was not the usual relief but something far more visceral: dread, terror even. The reason? The spectre of the […]
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