New Statesman interview: The Left’s duty after Trump’s awful victory

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I had no doubt Donald Trump would win, just like I had no doubt Brexit would happen, so maybe I’m not as shell-shocked as you,” says Yanis Varoufakis. The former Greek finance minister is speaking to me several days after the Republican candidate’s historic victory. He doesn’t sound smug about being so prescient, more resigned, deflated, defeated. The left has been here before. Continue reading

Why America still matters

Screen Shot 2016-11-10 at 14.08.38.pngWhy is America still important? Below I copy the answer I gave in 2011 in the last chapter of The Global Minotaur: America, Europe and the Future of the World Economy. (For those not familiar with the economic meaning of my Minotaur allegory, read this.) Today, as the Trump Presidency looms, I fear that that conclusion is even more pertinent… 

[Excerpt from Chapter 9] Continue reading

Trump’s Triumph: DiEM25 on how progressives must react

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Donald Trump’s victory marks the end of an era when a self-confident Establishment preached the end of history, the end of passion and the supremacy of a technocracy working on behalf of the 1%. But the era it ushers in is not new. It is a new variant of the 1930s, featuring deflationary economics, xenophobia and divide-and-rule politics.

Continue reading

PSOE’s Penchant for Repeating PASOK’s Disappearing Act – El Diario (English & Spanish texts)

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Pedro Sánchez: No me da vértigo ser presidente del Gobierno. Me da respeto

el PASOK mordió el polvo por participar en el derrocamiento de su líder y, curiosamente, el PSOE ha tomado el mismo camino. EFE

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[For the El Diario site click here]

History may repeat itself but never as quickly or as mindlessly as it does within Europe’s social democratic family. Spain’s socialists jettisoned Pedro Sánchez to allow Mariano Rajoy to form government as if in a bid to replicate the disappearing act of their Greek counterparts, the once formidable PASOK. Continue reading

The Universal Right to Capital Income – Project Syndicate op-ed

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Screen Shot 2016-10-31 at 14.29.27.pngATHENS – The right to laziness has traditionally been only for the propertied rich, whereas the poor have had to struggle for decent wages and working conditions, unemployment and disability insurance, universal health care, and other accoutrements of a dignified life. The idea that the poor should be granted an unconditional income sufficient to live on has been anathema not only to the high and mighty, but also to the labor movement, which embraced an ethic revolving around reciprocity, solidarity, and contributing to society. [To read on click here.]

Apple, Brussels, and Ireland’s Bruised Sovereignty – Project Syndicate op-ed

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ATHENS – Despite their unequivocal Europeanism, the Irish have been serially mistreated by the European Union.

When Irish voters rejected the Treaty of Lisbon in 2008, the EU forced them to vote again until they delivered the “right” outcome. A year later, when private Irish banks imploded, threatening their (mainly) German private creditors with severe losses, Jean-Claude Trichet, the European Central Bank’s then-president, immediately “informed” the Irish government that the ECB would shut down ATMs across the Emerald Isle unless Ireland’s unsuspecting taxpayers made the German banks whole.

To read on click here