In his political memoir, Adults In The Room, Yanis Varoufakis recounts a meeting with Larry Summer which took place in April 2015. Only months into his tenure as Finance Minister, he looked to this architect of the neoliberal world order for support as hostilities with European leaders over Greece’s fiscal future rapidly intensified. Coming straight from a meeting at the IMF in Washington, Varoufakis was met with an immediate warning from Summers that he had “made a big mistake”. This began a long conversation which ended with a fascinating warning. From loc 1050:
Finally, after agreeing our next steps, and before the combined effects of fatigue and alcohol forced us to call it a night, Summers looked at me intensely and asked a question so well rehearsed that I suspected he had used it to test others before me.
‘There are two kinds of politicians,’ he said: ‘insiders and outsiders. The outsiders prioritize their freedom to speak their version of the truth. The price of their freedom is that they are ignored by the insiders, who make the important decisions. The insiders, for their part, follow a sacrosanct rule: never turn against other insiders and never talk to outsiders about what insiders say or do. Their reward? Access to inside information and a chance, though no guarantee, of influencing powerful people and outcomes.’ With that Summers arrived at his question. ‘So, Yanis,’ he said, ‘which of the two are you?’
When reading of this exchange in a review of the memoir, I immediately thought back to a story Elizabeth Warren had told about an encounter with Summers in a Washington curry restaurant early in her move from academia to politics. Upon purchasing Varoufakis’s book, I found that I wasn’t the only person to notice this parallel and be fascinated by it. As he recounts in an end note to the book:
A few months after I had resigned the ministry, my good friend and academic colleague Tony Aspromourgos, upon hearing about my exchanges with Larry Summers, confirmed my suspicion when he sent me this quotation from Senator Elizabeth Warren, documented in 2014:
Late in the evening, Larry leaned back in his chair and offered me some advice … He teed it up this way: I had a choice. I could be an insider or I could be an outsider. Outsiders can say whatever they want. But people on the inside don’t listen to them. Insiders, however, get lots of access and a chance to push their ideas. People –powerful people –listen to what they have to say. But insiders also understand one unbreakable rule: they don’t criticize other insiders. I had been warned. John Cassidy (2014), ‘Elizabeth Warren’s Moment’, New York Review of Books, Vol. 61 (no. 9), 22/ 5–4/ 6/ 14, pp. 4–8.
Could this be seen as the professional socialisation of technocratic elites? Does Summers engage in a particularly practiced and performative example of something which takes a cruder form elsewhere? Does he particularly focus on those like Varoufakis and Warren who have moved from the academy to politics? As he reflects on loc 156, the technocratic oath is something which transcends agreements of strategy and analysis:
We spoke the same economic language, despite different political ideologies, and had no difficulty reaching a quick agreement on what our aims and tactics ought to be. Nevertheless, my answer had clearly bothered him, even if he did not show it. He would have got into his taxi a much happier man, I felt, had I demonstrated some interest in becoming an insider. As this book’s publication confirms, that was never likely to happen.