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 – […]| Yanis Varoufakis
On 26th July 2025, delegates from over 25 countries convened in London for the inaugural conference of the Global Alliance for Palestine (GAFP). This new transnational initiative seeks to transform rising global solidarity for Palestine into coordinated political action. As a member of the steering committee, I was asked to explain why we need this […]| Yanis Varoufakis
To free ourselves from our technofeudal overlords, we must think like Karl Marx. The corporations would asset-strip our brains, but we can take back control A young woman I met recently remarked that it was not so much pure evil that drove her berserk, but rather people, or institutions, with the capacity to do good […] The post Who needs Marx in 2025? The Guardian, July 2025 appeared first on Yanis Varoufakis.| Yanis Varoufakis
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 […] The post A Trust Fund for Everyone to Defuse the Stablecoin Time Bomb – Project Syndicate appeared first on Yanis Varoufakis.| Yanis Varoufakis
On the day the Financial Times published its latest article whitewashing the criminally insane troika’s (comprising the EU Commission, ECB and IMF) hatchet job on Greece, which has rendered the country a permanently bankrupt colony, Jacobin published this interview (read here, listen here) in which I lay down three basic facts: First, the referendum ten […] The post Jacobin’s ‘On the Legacy of Greece’s Oxi Referendum: An interview with Yanis Varoufakis’ appeared first on Yanis V...| Yanis Varoufakis
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 […]| Yanis Varoufakis
On Tuesday, June 10 2025, I addressed a meeting at the European Parliament, an event organised by The Left and M5S Europa, on the theme of “The Economic Conditions for Peace”, alongside Jeffrey Sachs and Giuseppe Conte. My talk can be watched and read here. [INTRODUCTION] A year ago, I would have started this speech with a lament […] The post The Economics of Europe’s Descent into Warmongering – and our duty now! appeared first on Yanis Varoufakis.| Yanis Varoufakis
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 […] The post A Chinese New Bretton Woods? – Quancha op-ed appeared first on Yanis Varoufakis.| Yanis Varoufakis
Just days into his premiership, Keir Starmer announced the commissioning of a “root and branch” Strategic Defence Review (SDR), writes Kate Hudson. Under the leadership of Lord Robertson, former defence secretary and NATO secretary general, the review panel claims to have broken with tradition, by including a much wider range of participants than usual – […]| Yanis Varoufakis
The hitherto US-centric economic model has exhausted itself, and Trump’s government is pushing to restructure the international economic architecture to maintain US hegemony. China is the main rival in this new reality, while the Europeans are becoming an impoverished appendage to the US. The Europeans could chart a more favourable path forward, except that they […]| Yanis Varoufakis
UnHerd’s Freddie Sayers interviews renowned economist and former Greek Finance Minister Yanis Varoufakis and Eurointelligence founder Wolfgang Münchau as they dissect the escalating trade war between Europe and the United States. With the US recently striking a so-called trade deal with the UK, and news of India signing a comprehensive agreement with the UK, tensions […]| Yanis Varoufakis
Eighty years ago today, the monstrous machinery of the Third Reich was finally ground to dust. The swastika was torn from the Reichstag, the death camps liberated, and Europe—bloodied, traumatised, but unbowed—emerged from history’s darkest night. It was not merely a military victory; it was the triumph of solidarity over fascism, of internationalism over racial […]| Yanis Varoufakis
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 […]| Yanis Varoufakis
Neoliberalism was neither new nor particularly liberal when it prevailed 50 years ago. Its great advantage was its sharp deviation from classical liberalism. Even though it paid tribute to liberal thinkers, neoliberalism shared neither their method nor their concept of the market. Today, we are on the cusp of another, equally profound, ideological innovation. Unlike […]| Yanis Varoufakis
