In his wonderful memoir, Adults In The Room, Yanis Varoufakis reflects on the frustrations of politics and how they compare to academia. From loc 5504: Possibly because of my academic background, this was the Brussels experience I least expected and found most frustrating. In academia one gets used to having one’s thesis torn apart, sometimes with little decorum; […]
Tag: varoufakis
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 embody a broader tendency and […]
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 and a grasp of macroeconomics […]
Soon after becoming Finance Minister of Greece, Yanis Varoufakis found himself surrounded by civil servants whose loyalties he could not assume and staff parachuted in by a political party with which he had little prior affiliation. In his political memoir, Adults In The Room, he recounts his impulse to find “a minder whose loyalties would not be […]
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 […]
This is a great analogy offered by Yanis Varoufakis in So The Weak Suffer What They Must? on loc 1016: The equivalent in the United States would have been a Washington bureaucracy, operating without a Senate or a House of Representatives to keep the bureaucrats in check, able to overrule state governments on almost anything […]
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 the ‘bent’ stick and our […]
This isn’t a new idea but I’ve rarely encountered it expressed so concisely: The idea that individuals create wealth and that all governments do is come along and tax them is what Varoufakis calls “a preposterous reversal of the truth”. “There is an amazing myth in our enterprise culture that wealth is created individually and […]
