A titanic battle is being waged for Europe’s integrity and soul, with the forces of purpose and humanism dropping out to rising irrationality, authoritarianism, and malice, selling inequality and austerity. The entire world has a stake in a victory for rationality, liberty, democracy, and humanism.
In January 2015, Yanis Varoufakis, an economics professor educating in Austin, Texas, was elected to the Greek parliament with extra votes than every other member of parliament. He was appointed finance minister and, within the whirlwind 5 months that adopted, every little thing he had warned about—the perils of the euro’s defective design, the European Union’s shortsighted austerity insurance policies, financialized crony capitalism, American complicity and rising authoritarianism—was confirmed because the “troika” (the European Central Bank, International Monetary Fund, and European Commission) stonewalled his efforts to resolve Greece’s financial disaster.
Here, Varoufakis delivers a contemporary have a look at the historical past of Europe’s disaster and America’s central function in it. He presents the last word case towards austerity, proposing concrete insurance policies for Europe which are crucial to deal with its disaster and avert contagion to America, China, and the remainder of the world. With passionate, informative, and at occasions humorous prose, he warns that the implosion of an admittedly disaster–ridden and deeply irrational European financial union ought to, and may, be prevented in any respect value.
Varoufakis is the Finance Minister of Greece. A Professor of Economic Theory on the University of Athens and a visiting professor on the Lyndon B. Johnson School of Public Affairs, University of Texas at Austin, he’s the writer of The Global Minotaur: America, the True Causes of the Financial Crisis and the Future of the World, amongst others.
This Authors at Google discuss was hosted by Boris Debic.
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