Tag Archives: Politics and Economics

In this interview, the first to Indian media, Yanis speaks elaborately on the 2019 British election, Brexit, the E.U. crisis, the 2020 U.S. presidential election, the global financial crisis, rising ultra-national forces, the need for a progressive international movement, the DiEM25, rising inequality and the Greek crisis. How important is this year’s U.S. presidential election for the world? What were the...

[embedded content]

[embedded content] Coronavirus: The economic crisis – Just how bad will the downturn be and can anything be done to soften the blow? Contributors Stephanie Flanders – head of Bloomberg Economics Yanis Varoufakis – Greek economist, politician, secretary-general of DiEM25 who also served as Greek finance minister during 2015Linda Yueh – economist and author of the book: ‘The Great...

[embedded content] Enormous global corporations and financial institutions are now, some say, more powerful than governments. Rules that once constrained and regulated capitalism have gone. And when their power causes massive destruction, the captains of Big Capital find ways to profit from the destruction. So, is modern capitalism, itself, a threat to capitalism? Or will corporations always...

[embedded content]

[embedded content]

Former Greek finance minister Yanis Varoufakis told Jacobin why he’s publishing his secret recordings of the critical Eurogroup meetings of 2015 — and why the Left around Europe is struggling to overcome Syriza’s disastrous legacy. Yanis Varoufakis during his speech in Hellenic Parliament. Dimitrios Karvountzis / Pacific Press / LightRocket via Getty INTERVIEW BY George Souvlis When Syriza was voted out of...

Steven Mnuchin’s snide remark about teenage climate activist Greta Thunberg at this year’s World Economic Forum meeting in Davos outraged liberal commentators. US treasury secretary Mnuchin, responding to Thunberg’s call for an immediate exit from fossil fuel investments, said that she should go to college “to study economics” before “she can come back and explain that to us”. Two days earlier, Trump had referred...

The motives and thinking behind Brexit were even less worthy than those behind US President Richard Nixon’s move in 1971 to ditch the Bretton Woods system. But, as with the “Nixon shock,” there is a singular underlying historical factor that explains Brexit. ATHENS – At pivotal historical moments, rational political ruptures often are brought about for all the wrong reasons. UK Prime Minister Boris Johnson’s...

Nationalism and speculation have seldom had a better opportunity to combine forces as the one riding today on the coattails of Covid-19, known as the coronavirus. When Covid-19 leapfrogged from China to Italy, even ardent Europeanists normally appreciative of open borders joined the deafening calls to end freedom of movement across Europe’s national borders – a longstanding demand of nationalists. Meanwhile, the...