What would a fair and equal society look like? The world-renowned economist and bestselling author Yanis Varoufakis presents his radical and subversive answer. Imagine it is 2025 and that years earlier, in the wake of the financial crisis of 2008, a global uprising had birthed a post-Capitalist world in which democracy, equality and justice are truly served. In a thought-experiment of startling originality, world-famous economist Yanis Varoufakis blends an ancient form - the Platonic dialogue - with speculative fiction to offer a glimpse of this alternative reality. Through the eyes of three characters - a liberal ex-banker, a radical feminist and a maverick technologist - we see what would be needed to forge such a world, one without commercial banks or stock markets, where companies are collectively owned and housing and income are guaranteed, but also at what cost. How to balance freedom with fairness? How to generate wealth while protecting the planet? How to encourage the best of humanity without unleashing the worst? As radical in its form as in its vision, Another Now shows how our answers to these questions shape our society, helping us confront the one question that underpins them all: how far are we willing to go in pursuit of our ideals?
THE SUNDAY TIMES NUMBER 1 BESTSELLER The crisis in Europe is not over, it''s getting worse. In this dramatic narrative of Europe''s economic rise and spectacular fall, Yanis Varoufakis, former finance minister of Greece, ''the emerging rock star of Europe''s anti-austerity uprising'' ( Telegraph ), shows that the origins of the collapse go far deeper than our leaders are prepared to admit - and that we have done nothing so far to fix them. In 2008, the universe of Western finance outgrew planet Earth. When Wall Street imploded, a death embrace between insolvent banks and bankrupt states consumed Europe. Half a dozen national economies imploded and several more came close. But the storm is far from over... From the aftermath of the Second World War to the present, Varoufakis recounts how the eurozone emerged not as route to shared prosperity but as a pyramid scheme of debt with countries such as Greece, Ireland, Portugal and Spain at its bottom. Its woeful design ensured that collapse would be inevitable and catastrophic. But since the hurricane landed Europe''s leaders have chosen a cocktail of more debt and harsh austerity rather than reform, ensuring that the weakest citizens of the weakest nations pay the price for the bankers'' mistakes, while doing nothing to prevent the next collapse. Instead, the principle of the greatest austerity for those suffering the greatest recessions has led to a resurgence of racist extremism. Once more, Europe is a potent threat to global stability. Drawing on the personal experience of his own negotiations with the eurozone''s financiers and offering concrete policies and alternatives, Varoufakis shows how we concocted this mess and how we can get out of it. And The Weak Suffer What They Must? reminds us of our history in order to save European capitalism from itself.
This headline-making memoir from the world's most controversial economist will blow the lid on the secret dealings of the EU. In this explosive account, Varoufakis reveals all: an extraordinary tale of brinkmanship and backstabbing that exposes the shocking reality of how power is wielded behind the scenes at the EU. It is a document that will shake the economic establishment to its foundations.
In this letter to his teenage daughter, one of the worlds most famous economists uses vivid stories to explain what economics is and why it is so dangerous. What is money and why does debt exist? Where do wealth and inequality come from? How come economics has the power to shape and destroy our lives?