On UpFront, interviewed by Marc Lamont Hill on Europe’s historic responsibility and current role in the Israel-Gaza war.
Enter Amazon and you have exited capitalism. Despite all the buying and the selling that goes on there, you have entered a realm that can’t be thought of as a market, not even a digital one.” When I say this to people, which I frequently do in lectures and debates, they look at me as they […]
The post The big idea: has the digital economy killed capitalism? – The Guardian appeared first on Yanis Varoufakis.
Socialists have been hotly anticipating the end of capitalism since at least 1848, when Marx and Engels published The Communist Manifesto – but the Manifesto also reminds us that capitalism is only too happy to reinvent itself during its crises, coming back in new forms, over and over again. Now, in Technofeudalism: What Killed Capitalism, Yanis Varoufakis – the “libertarian Marxist” former finance […]
When Hamas launched its offensive into Israel, appalled by the butchery and the human toll it would bring on, I tried to pierce through the fog of war, through all the fear and all the loathing, and to focus instead on what could end the endless cycle of inhumanity. What was its root cause? Hamas? […]
Just laid my hands on the first copy of TECHNOFEUDALISM – What killed capitalism. Good feeling. There is no substitute for physicality. Below, I copy the Preface and Table of Contents to offer you a whiff of the argument and style. I believe it will be in UK bookshops at the end of the month. […]
The post Technofeudalism has just arrived… Read the Preface here appeared first on Yanis Varoufakis.
The United States is experiencing an investment boom, owing to industrial policies that grant enormous subsidies – including to European firms – for investing in America, largely in green tech. Europe, meanwhile, is responding with a return to the austerity policies that caused it to fall behind the US in the first place. ATHENS – […]
The people spoke. Unlike in 2019, when MeRA25 won nine seats in Greece’s Parliament, in yesterday’s election we failed to clear the 3% hurdle, thus, electing no MPs. However, this freshly minted Parliament was condemned before it got a chance to convene. Kyriakos Mitsotakis, the conservative party leader, who won handsomely, is about to dissolve […]
The banking system we take for granted is unfixable. The good news is that we no longer need to rely on any private, rent-seeking, socially destabilizing network of banks, at least not the way we have so far. This time the banking crisis is different. It is, in fact, worse than in 2007/8 when we […]
The post Time to Blow Up the Banking System – Project Syndicate, March 2023 appeared first on Yanis Varoufakis.
On 7th February 2023, I returned to the Chamber to discuss a wide variety of issues, beginning with a Europe-at-war, post-Brexit Britain, the New Cold War that marks capitalism’s global transition to (what I call Technofeudalism), the state of the Left in Eastern Europe and more. Thanks Cambridge Union!
The War in Ukraine has sped up the division of the world into two technofeudal fiefdoms – one US dollar denominated and one Chinese yuan denominated. As the world bifurcates, class struggles within each technofeudal fiefdom, as well as between them, generate destructive forces that threaten our species survival – from a New Cold War, […]
