Essays
Austerity’s hidden purpose – Project Syndicate/Katmandu Post
, 20/05/2021
Back in the 1830s, Thomas Peel decided to migrate from England to the Swan River in Western Australia. A man of means, Peel took along, besides his family, ‘300 persons of the working class, men, women, and children,’ as well as ‘means of subsistence and production to the amount of £50,000.’ But soon after arrival, […]
8 Answers to 8 Questions on Economic Theory, Economic Policy, Humanity & Capitalism – interviewed for The Age of Economics
, 16/05/2021
In this extensive interview, for the good people at The Age of Economics, I try to answer eight large questions ranging from “Why does economics matter?” and “What are the differences between economics and natural science or engineering?” to “Is capitalism a natural system, given human nature, for serving humanity’s purposes?”. 1. Why does economics […]
From the peculiar failure of economic theory to capitalism’s transition to technofeudalism: A discussion with Ilan Pappé
, 16/05/2021
We met to discuss economic theory’s curious failures, how they relate to neoliberalist ideology, the manner in which the Crash of 2008 gave rise to the transition of capitalism to technofeudalism, and the prospects of international solidarity to give humanity a chance to escape both technofeudalism and the climate emergency. However, we spent the first […]
Debating the EU with Douglas Murray on UNHERD – video
, 16/05/2021
“The EU has had a difficult pandemic. A slow procurement of vaccines, followed by a botched rollout, and blame-shifting by its leaders has drawn together critics from all politics stripes. Two of unlikely bedfellows from very different political traditions, Douglas Murray and Yanis Varoufakis, joined Freddie Sayers for a discussion about the bloc at an […]
When the truth of Israel’s Apartheid is replaced with missile and assorted violence data reporting
, 13/05/2021
Imagine if reports of riots in Soweto against Apartheid never mentioned Apartheid but only concentrated on the violence of the youths or the loss of life and property caused by militant blacks. This is what we are being treated to today in Western media reports ftom Palestine. When the truth is replaced by silence, a […]
mέta – DiEM25’s & MeRA25’s Centre for Postcapitalist Civilisation premiers tonight, 13th May, at 19.00CET
, 12/05/2021
Imagine the world anew, together. Thursday 13 May 2021, at 19.00CET (17.00GMT, 20.00 Athens time), streaming at mέta’s YouTube channel and at facebook.com/meta.cpc. Through a sequence of intensifying crises, capitalism has already morphed into a dystopian postmodern, hi-tech version of feudalism. Postcapitalism is, thus, already here. Through art and research, argument and poetry, mέta, the […]
The Eternal Marx: Reviewing Shlomo Avineri’s KARL MARX: PHILOSOPHY & RELIGION
, 04/05/2021
Shlomo Avineri’s recent biography demolishes the charge that Karl Marx was a self-hating anti-Semite. And by dragging Marx, kicking and screaming, back into the Rhinish Jewish community that shaped him, Avineri yields new insights pertinent to today’s global challenges. Shlomo Avineri, Karl Marx: Philosophy and Revolution, Yale University Press, 2019. The problem with egotists is that […]
Football Takes Capitalism Out of Bounds – Project Syndicate
, 04/05/2021
Europe has discovered its moral Rubicon, the frontier beyond which commodification becomes intolerable. The line in the sand that Europeans refuse to cross, come what may, has just been drawn. We bowed to bankers who almost blew up capitalism, bailing them out at the expense of our weakest citizens. We turned a blind eye to […]
Ποδόσφαιρο – Καπιταλισμός 1Χ2
, 04/05/2021
Την περασμένη εβδομάδα, η Ευρώπη ανακάλυψε τα όρια της ανοχής της. Την ηθική της ραχοκοκκαλιά. Το σύνορο πέραν του οποίου θεωρεί ανυπόφορη την περαιτέρω εμπορευματοποίηση των αξιών. Την λεπτή κόκκινη γραμμή που οι Ευρωπαίοι αρνούνται να περάσουν, ό,τι και να τους τάξουν. Μπορεί να σκύψαμε το κεφάλι στους τραπεζίτες που τίναξαν στον αέρα τις οικονομίες […]
Listen now to the Communist Manifesto, including the new introduction of the latest Penguin edition
, 24/04/2021
Penguin’s recent edition of the Communist Manifesto is now available on audio here and here. (Meanwhile, here is an extract of my introduction to the Manifesto – as it appeared in The Guardian. For a manifesto to succeed, it must speak to our hearts like a poem while infecting the mind with images and ideas […]
‘The Austerity Doctrine in the Time of Coronavirus’: Crucial Q&A on post-pandemic austerity with Brian Eno & Yanis Varoufakis plus special guests Stephanie Kelton & Naomi Klein
, 16/04/2021
In the 3rd episode of Let’s Talk It Over regulars Brian Eno and Yanis Varoufakis welcomed very special guests Stephanie Kelton and Naomi Klein to discuss The Austerity Doctrine in the Time of Coronavirus. Here are some of the questions tackled in the program: Austerians for years told us that all hell would be unleashed on […]
A Covid-19 counterfactual for Europe – Project Syndicate
, 10/04/2021
Imagine that the coronavirus pandemic, rather than undermining confidence in the European Union, had strengthened it. Imagine that Covid-19 had persuaded EU leaders to overcome years of acrimony and fragmentation. Imagine that it had catalysed the emergence this year of a stronger, more integrated bloc to which the world looked for global leadership. Imagine. It […]
Everything Must Change! DiEM-TV’s lockdown interviews now available as a book
, 05/04/2021
As the pandemic placed capitalism in suspended animation, dividing us between the privileged who could afford to quarantine ourselves and those who risked life and limb keeping the world’s wheels turning, DiEM-TV went into action. Srecko Horvat and I began a series of livestreamed discussions with one aim in mind: to keep alive the hope […]
Draghi’s outrageous deployment of McKinsey, Europe’s predicament, DiEM25’s proposals – La Stampa
, 15/03/2021
Last week, upon hearing that Mario Draghi, as Italy’s new PM, employed McKinsey to advise the government on how to spend the billions of the EU Recovery Fund, I tweeted, in anger and frustration: So predictable, so sad: Mario Draghi hired McKinsey to ‘organise’ Italy’s distribution of the Recovery Fund monies. What next? Get the […]
The Goldilocks Stimulus Myth – Project Syndicate, The Kathmandu Post
, 09/03/2021
Both supporters and critics of US President Joe Biden’s $1.9 trillion stimulus plan assume that there is a dollar amount that is just right. In fact, no such figure exists: every possible stimulus size is simultaneously too little and too big. ATHENS – US President Joe Biden, facing the great challenge of stimulating his country’s […]
Is the EU Recovery Fund a step toward integration or further fragmentation? Moderated by Kevin Featherstone, organised by the German & the Hellenic Societies at the LSE
, 23/02/2021
Capitalism has become Technofeudalism | UpFront interview on Al Jazeera
, 21/02/2021
A recent Oxfam study found that since the start of the coronavirus pandemic, the world’s richest 10 billionaires have seen a wealth increase of half a trillion dollars – enough to pay for every person on the planet to get a vaccine. In this UpFront special, Marc Lamont Hill discusses with economist and former Greek […]
The Consequences of Capitalism – Guest Lecture at the U of Arizona, 16th February 2021
, 19/02/2021
Invited by Noam Chomsky and Marvin Waterstone, here is an audio of the lecture I delivered to University of Arizona students on ‘The Consequences of Capitalism”
Η ανοσία στη Δημοκρατία ως η ρίζα των αστοχιών της ΕΕ – The New Statesman
, 14/02/2021
Το άρθρο πρωτοδημοσιεύτηκε στον New Statesman την 3η Φεβρουαρίου 2021 και παρουσάζεται εδώ σε μετάφραση της Ασπασίας Φεγγούλη. Προέκυψε από πρόσκληση του αρχισυντάκτη του New Statesman να σχολιάσω το εμβολιαστικό φιάσκο της ΕΕ . Από την άρνηση της πραγματικότητας στην απρόθυμη αποδοχή, από την απρόθυμη αποδοχή στις σημαντικές παρεμβάσεις και από κει στην πανωλεθρία: αυτή […]
The EU’s multiple failures are due to its immunity to democracy – The New Statesman
, 14/02/2021
From denial, to grudging acceptance, to substantial intervention, to debacle: that was the European Union’s trajectory once the storm that nearly consumed Wall Street in 2008 had crossed the Atlantic, starting the euro crisis. Twelve years later, the EU’s reaction to Covid-19’s arrival is following an ominously comparable trajectory. Eurosceptics take aim at the EU’s […]
Speaking of antisemitism… – A personal view as related to my DiEM25 comrades (video + text)
, 14/02/2021
On 4th February 2021, DiEM25’s coordinating collective held a discussion on how progressives can, at once, fight antisemitism and remain highly critical of Israel’s policies. You can watch a video of my speech and read an extended version of these thoughts below. Last week, while discussing competing identities, I argued that it is unacceptable to […]
Trumpism after Trump – NEWSWEEK magazine, interviewed by Basit Mahmood
, 12/02/2021
He’s been described as the George Clooney of the government, a rockstar politician who took on the EU and an “erratic Marxist.” Few politicians can hope – or fear – to achieve the levels of notoriety Yanis Varoufakis did in just six months while serving as finance minister of Greece. A world-renowned economist, Varoufakis now […]
From an imagined hi-tech rebellion to the GameStop incident: Lessons for collective action in the 21st Century – Der Freitag
, 12/02/2021
When in 2008 I heard that Lehman Brothers collapsed, and thousands of its staff were laid off, I allowed myself a fantasy. I imagined that one of the laid off financial engineers, whom for some reason I named Esmeralda, would turn into a dissident. That, incensed with the way she had been discarded by the […]