ATHENS – Objects of desire come at a cost. Only bad things, like toxic waste, have a negative price, the equivalent of a fee payable to anyone willing to make them disappear. Does this mean that negative interest rates embody a new perspective on money – that it has gone “bad”? [To read on, click here]
A few weeks ago, Stefan Aust, Die Welt’s editor and formerly the heart and soul of Der Spiegel, paid me a visit at our Aegina house. We spoke for a good two hours on Europe, Germany, Greece and, of course, DiEM25. It was a serious, pleasant and at times passionate discussion. On 14th August the article-interview was published. For Die Welt’s site click here. (For the longer version of the interview, as published, in pdf form click: Page 1 & Page 2) Alternatively… Continue reading
Athens daily Kathimerini published a letter signed by 23 ‘US-educated Greeks’ sent to the University of Texas’ President denouncing James K. Galbraith (a long-standing professor there) for having helped me design a “monetary cum military coup d’etat”. At least that was their description of my Plan X – a preliminary contingency plan to counter the European Central Bank’s Plan Z with which Greece is being threatened continually since 2012 – see the Financial Times report here. Once more, the victims of the troika’s six-year-old coup d’etat, which has pushed the Greek people into a vortex of Depression and Insolvency, are being portrayed as coup plotters. The purpose of this campaign, in which Kathimerini has played an energetic role, is to vilify anyone who resisted the troika, who did her or his duty to defend Greece’s democracy, and who continues to argue that the only way to end Greece’s crisis is to oppose the troika. What is new here, with the letter of the 23, is a new violation – this time of the most basic of academic principles: “Never criticise a text that you have not read!” As Galbraith demonstrates in his response to Kathimerini (see below), the 23 ‘US-educated Greeks’ based their denunciation letter on misinformation peddled by, amongst others, Kathimerini – e.g. the preposterous allegation that Plan X included a plot to arrest the Governor of the Bank of Greece. To read Galbraith response…
ATHENS – Politics in the advanced economies of the West is in the throes of a political shakeup unseen since the 1930s. The Great Deflation now gripping both sides of the Atlantic is reviving political forces that had lain dormant since the end of World War II. Passion is returning to politics, but not in the manner many of us had hoped it would.
The right has become animated by an anti-establishment fervor that was, until recently, the preserve of the left. In the United States, Donald Trump, the Republican presidential nominee, is taking Hillary Clinton, his Democratic opponent, to task – quite credibly – for her close ties to Wall Street, eagerness to invade foreign lands, and readiness to embrace free-trade agreements that have undermined millions of workers’ living standards. In the United Kingdom, Brexit has cast ardent Thatcherites in the role of enthusiastic defenders of the National Health Service.
To continue reading click here
You have read about the most recent IMF confession over its immolation of Greece. The question is: Does it signal a change in policies? Do not hold your breath! Recent history is pointing to a repetition of the crime-against-logic first committed in 2012 – an IMF tactic of confessing to the sin in order to repeat it with impunity! Continue reading
For the German language version, as published in Die Zeit on 18 July 2016, click here. For the English version (as I wrote it originally)… Continue reading
This article by Tom Strohschneider was first published in the German newspaper Neues Deutschland. Read the German original here or the English version on the DiEM25 site.
Stefano Fassina wrote the following letter to la Repubblica’s editor, in response to the article that I published in the same newspaper with Lorenzo Marsili. Over the next few days, I shall be replying to Stefano here. Meanwhile for the original version in Italian, click here. For the English language version… Continue reading
Slavoj Žižek, philosopher, friend and DiEM25 early signatory, writes on the DiEM25 site that Europeans face one fake and one actual choice. The fake choice is between :(1) a globalised, financialised version of capitalism that is run by a transnational technocracy, tolerates minorities and turns parliamentary democracy into an empty shell, and (2) a xenophobic, socially conservative, passionate nativism that invokes national democratic sovereignty only to forsake it soon after. The real, actual choice is between (A) a vicious cycle between (1) & (2) above and (B) a pan-European democratic project addressing the actual challenges humanity faces (e.g. the deflationary moment in our history, the inexorable devaluation of human labour, TTIP like attacks on sovereignty, climate change etc.). Click here for the full article.