Trump’s Economics & Politics
Discussing Trump’s Economic Masterplan with David Marr, on ABC Late Night Live
, 16/04/2025
Economist Yanis Varoufakis says we shouldn’t underestimate Trump – he has a plan to shock the global economy, force foreign countries to buy crypto-currency in return for a deal on tariffs, and ultimately pay down debt and keep the US dollar at the centre of the global financial system. But it’s a high risk strategy […]
NEOLIBERALISM IS DEAD. SAY HELLO TO TECHLORDISM
, 15/04/2025
After 1971, neoliberalism was an ideology essential in legitimising the emancipation of financial capital from the regulatory shackles of the New Deal and the post-war Bretton Woods system. Today, a new form of capital is on the ascendancy and needs its own ideology to be fully liberated: cloud capital. Cloud capital has created a new […]
On the political economics and the history behind Donald Trump’s tariff war – Politics JOE
, 09/04/2025
In this interview with Oli Dugmore, for Politics JOE, I had a chance to lay out – in around 30 minutes – the political economics and economic history behind Donald Trump’s tariff war. As I said to Oli, those of us who oppose Trump have a duty to understand what his team are up to […]
Forget shares, bonds and tariffs. Here is what you should really worry about
, 09/04/2025
While waiting for the EU’s response to the Trump Shock (don’t hold your breath for evidence of intelligent life from Brussels…), those of you who really want to worry about something big, turn your attentions to perhaps the largest threat for the status quo – greater than tariffs, equities, bond prices etc. What is that? […]
How will Europe, Britain & China react to the Trump shock: On TIMES Radio & Unherd’s Undercurrents
, 03/04/2025
In this interview, I argue that how Trump’s Shock pans out will largely depend on whether Europe and China will act in concert or turn against one another. As for the UK, Trump has given Brexit a major boost. And here is another interview with Emily Jeshinsky of Unherd’s Undercurrents on the same subject: Trump’s […]
Will the Trump Shock prove as momentous as the Nixon Shock? UNHERD op-ed & on BBC tv
, 03/04/2025
“My philosophy, Mr President, is that all foreigners are out to screw us and it’s our job to screw them first.” With these words, the US Treasury Secretary convinced the President to deliver a colossal shock to the global economy. In the words of one of the President’s men, the objective was to trigger “a […]
Crypto’s role in Trump’s economic masterplan (with special emphasis on stablecoins) – UNHERD
, 19/03/2025
After dismissing Bitcoin as a scam during his first White House stint, Trump warmed to cryptocurrencies during his re-election campaign. To complete his conversion, on the 6th of March the 47th President signed an executive order to set up a “Strategic Bitcoin Reserve and a US Digital Asset Stockpile”. The United States government sensibly stockpiles […]
Stand with South Africa against Trump’s wrath – Globe&Mail op-ed
, 18/03/2025
When the powerful punish the principled, we glimpse the unmasked face of empire. Donald Trump’s vindictive executive order denying aid to South Africa — punishment for its support of Palestine and pursuit of land reform — offers precisely such a moment of clarity. The contours of our new global struggle are now etched with brutal […]
Trump’s tariff chaos explained – TIMES RADIO
, 09/03/2025
“He wants to reduce the value of the dollar… in order to make American exports more competitive and imports into the United States more expensive. At the same time he wants to maintain the hegemony of the dollar.” Yanis Varoufakis explains the secret behind Trump’s tariff strategy, and his new obsession with cryptocurrency. This interview […]
Trump, Europe’s Collapse & Why Liberals Keep Losing – interviewed by Rania Khalek
, 25/02/2025
Trump’s return isn’t just chaos, it’s a calculated strategy. While liberals dismiss him, Trump understands raw economic power in a way centrists fail to grasp. What is his master plan, and how could it backfire? Meanwhile, Musk & other billionaires are the new ruling class. As capitalism dies, we enter technofeudalism, where corporate overlords control […]
Europe in the Post-Atlanticist Era – The Guardian
, 21/02/2025
JD Vance, the US Vice President, told Europeans that their values are no longer America’s values. Pete Hegseth, the US Defence Secretary, added that Europeans “can’t make an assumption that America’s presence will last forever.” Keith Kellog, Trump’s special envoy for Ukraine and Russia, confirmed that Europe will not have a seat at the table […]
Donald Trump’s economic masterplan – UNHERD
, 21/02/2025
Faced with President Trump’s economic moves, his centrist critics oscillate between desperation and a touching faith that his tariff frenzy will fizzle out. They assume that Trump will huff and puff until reality exposes the emptiness of his economic rationale. They have not been paying attention: Trump’s tariff fixation is part of a global economic […]
Novara Media’ Michael Walker and Yanis Varoufakis on Gaza, Trump’s Trade Wars, and DeepSeek
, 06/02/2025
Michael and I chatted about Trump’s tariffs, emphasising the need to see them as political tools that standard neoliberal economics can never fathom. On the ongoing genocide in Gaza, we discussed Trump’s ‘final real estate solution’ envisaging a Palestine without Palestinians – the Zionist’s wet dream. Finally, I explained why DeepSeek was a major blow […]
On Channel 4: Is Donald Trump’s tariff war about to backfire?
, 04/02/2025
Will Trump’s tariff wars backfire? And how should other world leaders, including Keir Starmer, react? In this episode of the Fourcast, Krishnan Guru-Murthy is joined by Greece’s former finance minister Yanis Varoufakis and Erica York of the Tax Foundation think tank.
Cloud Capital vs AI: What DeepSeek means for technofeudalism & the New Cold War
, 28/01/2025
DeepSeek, a Chinese artificial intelligence (AI) company, this week changed the global AI landscape, not to mention caused $1 trillion losses in the New York stock exchange and the NASDAC. In the process, it demonstrated the difference between cloud capital, which drives technofeudalism onward and upward, and AI-services, which were always a bubble waiting to […]
China’s Trump Dilemma – Project Syndicate
, 21/01/2025
ATHENS – With Donald Trump back in the White House, the high tariffs he has pledged to slap on Chinese imports are not China’s greatest concern. China’s leaders understand that tariffs are more significant for Trump as political and symbolic moves than as economic weapons that will seriously impede China’s growth and development. The real […]
Trump, the Dollar and China: What to watch for in 2025
, 31/12/2024
Trump wants to boost exports, bring back American jobs from overseas and reduce the trade deficit. To achieve this he needs a weaker dollar. Trump also wants a strong dollar and will not brook any challenges to its near monopoly of international payments. Can he possibly have both? Trump’s Problem No.1: His announced tariffs will […]