Download And the Weak Suffer What They Must?: Europe's Crisis and by Yanis Varoufakis PDF

By Yanis Varoufakis

A big conflict is being waged for Europe’s integrity and soul, with the forces of cause and humanism wasting out to transforming into irrationality, authoritarianism, and malice, selling inequality and austerity. the total global has a stake in a victory for rationality, liberty, democracy, and humanism.

In January 2015, Yanis Varoufakis, an economics professor educating in Austin, Texas, used to be elected to the Greek parliament with extra votes than the other member of parliament. He was once appointed finance minister and, within the whirlwind 5 months that undefined, every thing he had warned about—the perils of the euro’s defective layout, the ecu Union’s shortsighted austerity regulations, financialized crony capitalism, American complicity and emerging authoritarianism—was proven because the “troika” (the ecu principal financial institution, foreign financial Fund, and eu fee) stonewalled his efforts to unravel Greece’s fiscal crisis.

Here, Varoufakis grants a clean examine the heritage of Europe’s situation and America’s relevant position in it. He provides the final word case opposed to austerity, featuring concrete regulations for Europe which are essential to handle its situation and sidestep contagion to the US, China, and the remainder of the realm. With passionate, informative, and from time to time funny prose, he warns that the implosion of an admittedly crisis–ridden and deeply irrational ecu financial union may still, and will, be refrained from in any respect price.

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Additional resources for And the Weak Suffer What They Must?: Europe's Crisis and America's Economic Future

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The very point of the New Deal, which had preceded the Bretton Woods conference by a decade, was precisely that: Social Security, a federal deposit insurance scheme (run by the Federal Deposit Insurance Corporation [FDIC]24) for all banks in all states, Medicare, food stamps, the military budget, etc. 25 The therapeutic impact of this political surplus-recycling mechanism can still be felt in America today. When Wall Street imploded in 2008, Nevada was one of the states where the pain was felt most intensely.

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