The Global Minotaur: A theory of the Global Crisis
Reversing Europe’s and Australia’s slide into irrelevance & insecurity – National Press Club of Australia speech
, 14/03/2024
“Europe and Australia are facing a common existential threat: a creeping irrelevance caused, on the one hand, by our failure properly to invest and, on the other hand, by our ill-considered slide from a strategic dependence on the United States to a non-strategic, self-defeating servility to Washington’s policy agenda.” Yanis Varoufakis’s address at the National […]
Why Europe is not free to relate to China – China Daily op-ed
, 11/12/2023
As the 24th EU-China Summit concluded on Thursday, it is natural to want to look behind the declarations and official speeches to identify the deeper forces shaping the European Union’s relationship with China and its policies toward China. But to understand the nature of these forces, it is crucial to go back to the very […]
What’s behind the Great Volatility? Audio of SSGA Zurich Address
, 26/02/2023
From the Great Moderation to the Great Crash, the Great Recession, the Great Stagnation, the Great Inflation and, finally, to the Great Volatility. What are the forces driving this 50yr dynamic? Plus an answer to: “What did the euro crisis teach us about the EU’s various debt instruments?” A lecture delivered on 24th January 2023 […]
Crisis, Recession, the Left & the state of economics – INDIA & GLOBAL LEFT podcast
, 01/01/2023
00:00 Highlights 01:55 Who is Yanis 05:34 Financial crisis & recession 20:06 Revolutionary changes 22:04 European Right 30:22 European Left 37:15 Academics and economics.
How the West poisoned its money – Project Syndicate op-ed
, 10/10/2022
ATHENS – Capitalism conquered the world by commodifying almost everything that had a value but not a price, thus driving a sharp wedge between values and prices. It did the same to money. The exchange value of money always reflected people’s readiness to hand over valuable things for given sums of cash. But, under capitalism, […]
The causes of inflation and what to do about it – Keynote at Banking Conference, Sofia 2 DEC 2021
, 26/01/2022
Invited by the Bulgarian Central Bank’s Deputy Governor, here is a keynote I delivered in Sofia, on 2nd December 2021, in which I offer a historical explanation of the nature and causes of our current inflation – as well as a proposed policy response that would help (but which vested interests are impeding).
“What New Institutions Do We Need For An International Green New Deal To Be Feasible?” Geneva Lecture Series, video & a review by Marie-Christine Ghreichi
, 30/12/2020
Organised by Prof. Anis H. Bajrektarevic as part of the University of Geneva Lecture Series on ‘Contemporary World of Geo-economics’, I was honoured with an invitation to deliver a long lecture on the pressing need for new international financial institutions to address crushing global imbalances and inequalities. Watch the video and also read a review […]
“Global Trade & Capital Imbalances imperil Global Stability” – Redaction Politics reviews my Holberg 2020 debate with John Bolton
, 30/12/2020
Redaction Politics published a review of my Holberg 2o2o debate with John Bolton on Global Stability. Their review is reproduced below. To watch the debate click here. Yanis Varoufakis lamented economic equality and pushed for global co-operation while John Bolton urged diplomatic confrontation as the pair battled over the question of “global stability” last week. […]
“Is Global Stability A Pipe Dream?” Watch Yanis Varoufakis debate John Bolton at the Ηolberg 2020 Debate
, 08/12/2020
While the catastrophic pandemic is pushing hundreds of millions into economic destitution, our world is being subjected to an escalating climate emergency and a New Cold War between the West and China, not to mention ominous tensions in the Eastern Mediterranean, the Caucasus, Libya etc. In the midst of all this instability, is Global Stability […]
«Είναι η Παγκόσμια Σταθερότητα άπιαστο όνειρο;» Μπόλτον vs Βαρουφάκη στο 2020 Ηolberg Debate, Σάββατο 4μμ
, 04/12/2020
Τι χρονιά κι αυτή! Ένα πραγματικό annus horribils που σημαδεύτηκε από μια καταστροφική πανδημία, από την κλιμακούμενη κλιματική καταστροφή, από το φάσμα ενός Νέου Ψυχρού Πολέμου ΗΠΑ-Κίνας, και βέβαια από τύμπανα πολέμου στο Αιγαίο και την Ανατολική Μεσόγειο. Κι ενώ ποτέ δεν ήταν τόσο απαραίτητη η πολιτική παρέμβαση σε παγκόσμιο επίπεδο, ποτέ δεν ήταν τόσο καταρρακωμένοι οι παγκόσμιοι […]
John Bolton vs Yanis Varoufakis on “Is Global Stability A Pipe Dream?” – The 2020 Holberg Debate, 5 DEC 2020
, 18/10/2020
At the 2020 Holberg Debate, Amb. John Bolton and Yanis Varoufakis, Member of the Hellenic Parliament, will discuss current threats to regional and global stability. The debate will be a virtual event. Anyone can watch the livestream here. Tweet your questions before or during the event with hashtag #Holberg2020. JOHN BOLTON is an American attorney, […]
Interviewed on Lebanon, Bankruptcy, Economics & much more by مواطنون ومواطنات في دولة – mmfidawla
, 28/09/2020
Monetising misery & the future of capitalism – ABC Radio National, BIG IDEAS program
, 20/03/2020
Enormous global corporations and financial institutions are now, some say, more powerful than governments. Rules that once constrained and regulated capitalism have gone. And when their power causes massive destruction, the captains of Big Capital find ways to profit from the destruction. So, is modern capitalism, itself, a threat to capitalism? Or will corporations always […]
On the lethal interaction between the coronavirus contraction & global capitalism’s never-ending post-2008 crisis – VIDEO
, 16/03/2020
https://www.youtube.com/watch?v=Mm-wpDZkie4&feature=youtu.be
Quantitative Easing: Its rationale, impact and the future of the world economy – Audio of speech delivered at ICA 2019
, 12/11/2019
Hosted by Bahrain Financial Market Association, the two-day conference organized in cooperation with the Central Bank of Bahrain themed “Reshaping Finance in a Changing Economy”. The ICA hosted the Greek former Minister of Finance Professor Yanis Varoufakis at a panel discussion moderated by Dr. Jarmo T. Kotilaine the Chief Planning and Monitoring Officer of Tamkeen. Other […]
Must we replace the dollar with a shared international currency unit? On the BBC World Service’s REAL STORY
, 06/09/2019
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 IMF functions like the US-European bankers’ bailiffs – Varoufakis and Rogoff on BBC World Service’s World Business Report
, 28/08/2019
The International Monetary Fund’s latest $56 billion loan to Argentina is at risk of failing again. The Argentinian peso has slumped and opposition leader Alberto Fernandez wants to ditch the austerity conditions attached to IMF bailouts that have so far failed to reduce inflation, stabilise the currency or halt recession. The Washington-based multilateral organisation monitors […]
Stagnant Capitalism – Financial News & Project Syndicate
, 21/03/2019
When the Great Depression followed the 1929 stock-market crash, almost everyone acknowledged that capitalism was unstable, unreliable, and prone to stagnation. In the decades that followed, however, that perception changed. Capitalism’s post-war revival, and especially the post-Cold War rush to financialised globalisation, resurrected faith in markets’ self-regulating abilities. Today, a long decade after the 2008 […]
David Adler explaining our radical vision for a New Bretton Woods on CNN
, 05/02/2019
The president of the World Bank, Jim Yong Kim, just stepped down in search of greener pastures. His readiness to resign prompted David Adler (DiEM25’s Policy Coordinator) to I to write this op-ed in The Guardian arguing for a New Bretton Woods. In this CNN interview David explains what we mean.