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
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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
Yanis Varoufakis joins host Chris Hedges on this episode of The Chris Hedges Report to explain how capitalism is dead and a new form of capital, the title of his new book, “Technofeudalism,” has arisen and holds power akin to the feudal lords of medieval times.| Yanis Varoufakis
Michael and I chatted about Trump’s tariffs, emphasising the need to see them as political tools that standard neoliberal economics can never fathom. On the ongoing genocide in Gaza, we discussed Trump’s ‘final real estate solution’ envisaging a Palestine without Palestinians – the Zionist’s wet dream. Finally, I explained why DeepSeek was a major blow […]| Yanis Varoufakis
The tech giants have overthrown capitalism. That’s the argument of former Greek finance minister Yanis Varoufakis, who became famous trying to defend debt-laden Greece from its German creditors. Varoufakis has never quite regained the notoriety of 2015. But he has remained a prominent left-wing voice. After a failed campaign for a seat in the European […]| Yanis Varoufakis
“I never planned to be a politician. Never. Not in my wildest nightmares,” the economist and former Greek finance minister Yanis Varoufakis said the other day. He was fighting his way toward the exit at Columbia University’s Alfred Lerner Hall, where he’d just spoken at a conference on sustainable development. A man blocked his path: […]| Yanis Varoufakis
In the not-too-distant past, many Marxist philosophers were weighed down by a shared despair. Capitalism, they feared, had become so totalizing, so all-consuming, that there was no longer any possibility of overthrowing it. “The philosophers have only interpreted the world, in various ways; the point is to change it,” Karl Marx famously wrote in 1845, […]| Yanis Varoufakis
A meme is spreading: capitalism is dead. We’re toiling around in its carcass. Nothing appears as it seems in this zombie state of affairs. But why didn’t we notice? There’s confusion all over. Climate, Covid, Ukraine, Gaza. Is history accelerating, or, rather the opposite, stagnating, even regressing? In his latest book Techno Feudalism, Yanis Varoufakis states that […]| Yanis Varoufakis