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And the Weak Suffer What They Must?: Europe’s Crisis and America’s Economic Future

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Description

A titanic battle is being waged for Europe’s integrity and soul, with the forces of reason and humanism losing out to growing irrationality, authoritarianism, and malice, promoting inequality and austerity. The whole world has a stake in a victory for rationality, liberty, democracy, and humanism.

In January 2015, Yanis Varoufakis, an economics professor teaching in Austin, Texas, was once elected to the Greek parliament with more votes than another member of parliament. He was once appointed finance minister and, in the whirlwind five months that followed, the whole lot he had warned about-the perils of the euro’s faulty design, the European Union’s shortsighted austerity policies, financialized crony capitalism, American complicity and rising authoritarianism-was once confirmed as the “troika” (the European Central Bank, International Monetary Fund, and European Commission) stonewalled his efforts to get to the bottom of Greece’s economic crisis.

Here, Varoufakis delivers a fresh have a look at the history of Europe’s crisis and The usa’s central role in it. He presents the ultimate case against austerity, proposing concrete policies for Europe that are necessary to address its crisis and avert contagion to The usa, China, and the remainder of the world. With passionate, informative, and every now and then humorous prose, he warns that the implosion of an admittedly crisis-ridden and deeply irrational European monetary union will have to, and can, be have shyed away from at all cost.

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