Dale Coberly found this excellent analysis on economic happenings by Yanis Varoufakis. How did all of this Inflation come about? Certainly, wages have not been outstripping everything else. Labor is going to take a hit eventually. We do have supply chain issues. Much caused by countries shutting down. Companies not maintaining orders to the manufacturers is also a part. Automotive again shoots itself in this manner and blames everything else....
Read More »Atossa Araxia Abrahamia — Yanis Varoufakis’s Internationalist Odyssey
Longish backgrounder on an emerging political force on the left. The Overton window had been shifting right for decades. Now it seems to be shifting left again.The NationYanis Varoufakis’s Internationalist OdysseyAtossa Araxia Abrahamia
Read More »Yanis Varoufakis on Progressive Internationalism
Building broad-based coalitions takes time, and for now, the Progressive International is just a website with some inspiring language and a video. Its membership is also very Eurocentric. But Varoufakis hopes it will blossom into a global movement that helps leftists create coherent platforms, policies, and parties to defeat the “nationalist international” masterminded by Donald Trump’s former chief strategist, Steve Bannon.The logic is simple. Financiers have long had global networks; now,...
Read More »Marx Today
As the 200th anniversary of Marx’s birth gets closer, a host of conferences, articles and books on the legacy of Marx and his relevance today are emerging – including my own contribution. The most interesting was a speech last week by the governor of the Bank of England, Mark Carney in his homeland of Canada.... Michael Roberts BlogMarx 200: Carney, Bowles and VaroufakisMichael Roberts See also The Guardian — The Long ReadYanis Varoufakis: Marx predicted our present crisis – and points...
Read More »Lars P. Syll — Marx predicted the present crisis – and points the way out
Self-identified "erratic Marxist" Yanis Varoufakis. He absolutely and totally understands Marx and Engels' fundamental assumption (freedom and happiness) and method (engagement). Most either miss this or obscure it intentionally. Psychologist Erich Fromm got it in his Marx's Concept of Man (1961). He begins the work with a section entitled, The Falsification of Marx's Concepts, which reveals the caricature of Marx that has been created as a straw man to attack. Like the...
Read More »Yanis Varoufakis on Europe and the Eurozone
An interesting interview here with Yanis Varoufakis.[embedded content]Now although I do admire Varoufakis, especially for his excellent attack on Postmodernism described here, I see some very troubling points here about Marxism.Varoufakis says that Marxism is libertarian in some sense, and it is true that Marxism’s ultimate aim was a stateless, utopian paradise. But (as far as I can see) that is not the sense in which Varoufakis calls himself a “libertarian.” For Varoufakis goes on to say...
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