Tag Archives: Politics and Economics

It is with profound regret, and after much reflection, that I am pulling out as a speaker at an interesting and worthy international conference organised by TRT World in Istanbul on 21st October. I do so in protest of the Turkish armed forces’ invasion of Northern Syria. The ongoing invasion is not only an assault on Syria’s Kurdish forces that almost single-handedly, and heroically, defeated ISIS on the ground...

[embedded content] Mark Carney, Governor of the Bank of England, recently said that we need a new international currency unit to replace the US dollar. In this BBC World Service program, I was asked what I thought of the idea. For more of a background to my answer click here. (For the whole BBC program, click here.)

The liberal order is under threat. Increasing inequality, the rise of far-right nationalism and the climate emergency pose unprecedented challenges. It’s time for some radical thinking. On November 4th Intelligence Squared is bringing to its stage two of the world’s great radicals – Yanis Varoufakis, the former Greek finance minister known for his trademark leather jacket, motorbike and self-described erratic...

Small incidents can pack hefty messages. Yesterday afternoon, a tiny drama unfolded at Paris airport, as I was disembarking the airplane that had brought me over from Athens. It speaks volumes about the state of our European Union and the drift toward inane authoritarianism. A French policeman, for no obvious reason, took it to himself to be hostile and to manhandle me after having checked and returned my...

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Yanis Varoufakis and the DiEM25 movement are making headlines with their call for a more democratic and just European Union. Varoufakis brings his experience dealing with the EU as the former finance minister of Greece to the table for the European Spring, a European Parliament electoral slate that includes an ambitious and audacious vision for Europe. Their recently-released manifesto can be found here. I spoke...

[embedded content] Alphaville’s Jemima Kelly and Izabella Kaminska sat down with Yanis Varoufakis, former finance minister of Greece and current organiser of a trans-European group, DiEM25, of what he calls “radical Europeanists” — in favour of union, without deflation or austerity. Mr Varoufakis answers criticism from the left, pointing out that even if the euro or the EU were poorly...

Thomas Piketty recently criticised DiEM25’s New Deal for Europe for relying on new debt, rather than new taxes, to fund green investment. James K. Galbraith and Stuart Holland (my long time collaborators on the New Deal for Europe and the earlier Modest Proposal on which it was founded) have now replied to Piketty’s critique (see here and here). For convenience the reader can find in one place (i.e below): (1)...

The lean years are here again, to the apparent satisfaction of Germany’s Finance Minister, a Social Democrat.  The rate of growth of the budgetary surplus was declining, therefore restraining expenditure was the prudent attitude, the public must rest assured that over the next few years 25 billion euros will be saved, the chance of a mildly pro-cyclical switch to austerity will not be missed.  But such is the...