And the weak suffer what they must?

Más información sobre el libro

"The strong do as they can and the weak suffer what they must."--Thucydides The global economy is at a critical juncture, with Europe potentially undermining it, destabilizing America, and fostering new authoritarianism. Historically, Europe has led the world into turmoil, and it risks doing so again. Yanis Varoufakis, former Finance Minister of Greece, argues that the Eurozone is a fragile structure destined to collapse without significant reform. He warns that the disintegration of the European Union could trigger a global economic crisis. After America withdrew from the dollar zone in 1971, European leaders established a monetary union of 18 nations lacking control over their currency, democratic accountability, and a supportive government for the Central Bank. This flawed economic entity was ill-equipped to handle financial crises, leading to catastrophic outcomes. The 2009 crisis saw Europe turn against its own citizens, inflicting humiliation and despair while fostering a resurgence of bigotry. Varoufakis proposes actionable policies for global intervention to avert disaster in Europe and presents a compelling argument against austerity. With passionate and often humorous prose, he emphasizes the urgent need to prevent the collapse of a deeply flawed European capitalism.