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Elections cannot be allowed to change economic policy

What does it mean for policy to be insulated from politics? That’s the question we ultimately confront when investigating the putative depoliticisation of the economy. Matters which should be publicly resolved, through organised processes of contestation, instead get decided privately. We can cite examples of such transitions, consider whether they […]

What will Macron be like in government?

I happened to be reading this page of Yanis Varoufakis’ political memoir a few moments before Macron’s near certain victory was announced. From loc 3398: Emmanuel Macron listened actively and engaged directly, his eyes radiant and ready to display his approval or disagreement. The fact that he had good English […]

The technocratic oath

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 […]

Yanis Varoufakis on the Parallax Challenge

From loc 460-477 of his The Global Minotaur: The parallax challenge A stick half submerged in a river looks bent. As one moves around it, the angle changes and every different location yields a different perspective. If, in addition, the river’s flow gently moves the stick around, both the ‘reality’ of […]