A fresh interview offered to PROFIL (Austria) on why SYRIZA’ s proposals for Greece and for Europe are radical only to the extent that they are rational and therapeutic for the Eurozone as a whole. CLICK HERE (in German only I fear)
When the constitutional process of a proud European democracy seemed to be leading, quite properly, to elections (as was the case in Greece since the Fall), the European Commission, various governments and the commentariat-at-large intervened, presenting the prospect of elections (the crowning moment of the democratic process) as a disaster-in-the-making; as a calamity to be avoided at all cost. Continue reading
As 2015 is approaching, seemingly pregnant with crucial challenges for Europe, the euro and all those who have to live with it, I could not think of a better seasonal offering for readers of this blog than a suitable extract from my next book. I chose a piece that narrates, and interprets, the story of the first time the euro was proposed in the highest echelons of European decision making. Hope you enjoy it.
With wishes for a 2015 worth remembering fondly.
An Indecent Proposal
On 6th December, I was kindly invited by the editorial board of Science & Society (the oldest continuously published journal of Marxist scholarship worldwide) to deliver a keynote to its Editorial Board’s Annual Meeting. My talk was based on a recent critical review of Piketty’s Capital in the 21st Century which can be read here. To listen to my talk, click...
In this article, aptly subtitled It’s lonely being the global policeman, Slavoj evokes a parallelism between the age of extremes that began as the British Empire was losing its grip with the present moment in history. Now that the Global Minotaur (quoting my book) is mortally wounded, “…the American century is over and we are witnessing the gradual formation of multiple centers of global capitalism”.
Zizek’s verdict? Faced with increasing uncertainty and mounting insecurity, “…the solution is not to be very careful and avoid risky acts—in acting like this, we fully participate in the logic which leads to catastrophe. The solution is to fully become aware of the explosive set of interconnections that makes the entire situation dangerous. Once we do this, we should embark on the long and difficult work of changing the coordinates of the entire situation. Nothing less will do.” Hear, hear!
In this powerful, balanced article, published today in conservative UK daily THE TELEGRAPH, Ambrose Evans-Pritchard makes important points on Greece and a prospective SYRIZA administration:
Events have rudely exposed the illusion that the Greek people will submit quietly to a decade of colonial treatment and debt servitude… Greece was sacrificed to buy time for the alliance, like the Spartans at Thermopylae. It was subjected to an unworkable economic experiment, in defiance of known economic science and principles. Europe’s leaders have betrayed their a special duty of care to Greece. They may at last have met their match in the ice-cool Mr Tsipras.
To read the whole article, click here.
The international press is replete with reports of how London-based fund managers were spooked when they heard of SYRIZA’s views on the nature of Greece’s conundrum and on the party’s intention to work towards a debt restructure and a re-orientation of social and economic policies toward social cohesion and economic growth. Here is my reply… Continue reading
In an article entitled “ECB should fire up its helicopters“, Clive Crook comments positively on this proposal for QE by the ECB taking the form of massive purchases of EIB bonds. The article also surveys other important ideas that would, if the political will were to be found, be helpful in the fight against misanthropic, unnecessary, stagnation. Click here or read on… Continue reading
Prompted by this critical review article of Professor Thomas Piketty’s Capitalism in the 21st Century, which I recently published in Real World Economics Review, Andrew Mazzone (of the Henry George School Social Science) kindly interviewed me on the subject of inequality and Professor Piketty’s book.
As a general election is looming larger on the Greek horizon, commentary on a prospective SYRIZA administration is becoming more frequent. In this piece Christian Odendahl proposes ‘A Program for Greece’. The ‘Program’ is sympathetic to the view that Greece was manhandled by a bailout loan that gave it little chance of recovery and makes several proposals as to how Europe should reform its own reform efforts. As for the Greeks, Christian embraces the idea of a national unity government that will allow for these reformed reforms to be agreed by a coalition of the current government and SYRIZA, giving Alexis Tsipras’ time to ‘mature’ before possibly taking over the countries reins. Below you will find my response. Continue reading
Regular readers need no introduction to Stuart Holland; co-author of The Modest Proposal, former British MP and aid to Jacques Delors, responsible for starting the conversation about the Eurozone’s need for eurobonds (in… 1993), creator of the European Investment Fund and a staunch advocate of the need to turn the European Investment Bank into the Eurozone’s pillar of growth (wi the ECB remaining the pillar of monetary stability). Here he is writing, in muffled exasperation, about the frightful Juncker so-called recovery proposal. [Readers may also take an interest in Stuart’s latest book Europe in Question: And what to do about it.] Continue reading
With so much talk about public debt, the so-called debt crisis etc., it is perhaps time to take a close look at the history of the concept; of how public debt was born, on the evolution of its nature and, even more poignantly, of the manner in which economists have interpreted and evaluated its purpose and impact. In this encyclopaedic article Nicholas Theocarakis (colleague, co-author and dear friend) explains. Click here for his paper (which was recently presented as the closing keynote at the 4th ESHET Latin American Conference) and here for a fabulous pdf file offering glimpses of the main texts mentioned.