By Yanis Varoufakis
A massive conflict is being waged for Europe’s integrity and soul, with the forces of cause and humanism wasting out to becoming irrationality, authoritarianism, and malice, selling inequality and austerity. the entire global has a stake in a victory for rationality, liberty, democracy, and humanism.
In January 2015, Yanis Varoufakis, an economics professor instructing in Austin, Texas, was once elected to the Greek parliament with extra votes than the other member of parliament. He used to be 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 eu Union’s shortsighted austerity rules, financialized crony capitalism, American complicity and emerging authoritarianism—was proven because the “troika” (the eu important financial institution, foreign financial Fund, and eu fee) stonewalled his efforts to solve Greece’s fiscal crisis.
Here, Varoufakis promises a clean examine the historical past of Europe’s challenge and America’s imperative position in it. He provides the final word case opposed to austerity, offering concrete regulations for Europe which are essential to tackle its drawback and circumvent contagion to the United States, China, and the remainder of the realm. With passionate, informative, and every now and then funny prose, he warns that the implosion of an admittedly crisis–ridden and deeply irrational eu financial union should still, and will, be kept away from in any respect price.
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Additional info for And the Weak Suffer What They Must?: Europe's Crisis and America's Economic Future
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