The Econoclasts

In this week’s Econoclasts, Yanis Varoufakis and Wolfgang Munchau engage in a deconstruction of multiple modern economic and geopolitical myths, from Mark Carney’s Davos speech to the shifting power dynamics between Europe and the United States. Was Carney’s much-lauded call for a new multilateral alliance actually a muddled and hypocritical attempt to revive a global order that has already ruptured? And was Europe’s “victory” over Trump with regard to Greenland actually delusional cheerleading, when the declining continent remains trapped by a deep dependency on American technology, the dollar, and security infrastructure? Hosted on Acast. See acast.com/privacy for more information.

In the week when President Donald Trump vowed to implement a wave of increasing tariffs on European allies until the United States is allowed to buy Greenland, Yanis Varoufakis and Wolfgang Munchau dissect the terminal decline of European sovereignty and the shifting pillars of the global economy. Is Europe unable to confront Trump due to its total reliance on American technology and defence? And while the U.S. and China embrace disruptive economic models to maintain their dominance, why does the EU choose to preserve a failing status quo rather than pursuing the radical political union necessary for survival? Hosted on Acast. See acast.com/privacy for more information.

In the week when the Trump administration threatened criminal charges against Federal Reserve chair Jerome Powell, Yanis Varoufakis and Wolfgang Munchau expose the high-stakes power struggle to dismantle central bank independence and privatise the U.S. dollar. Added to Bulgaria’s controversial entry into the eurozone, Yanis and Wolfgang argue that the era of technocratic consensus is dead, replaced by a volatile new age of economic ‘techno-feudalism’ where the lines between state power and private profit have finally vanished. Hosted on Acast. See acast.com/privacy for more information.

In today’s Venezuela special, Yanis Varoufakis and Wolfgang Munchau expose the reality behind the abduction of Nicolás Maduro and the dawn of a ‘Donroe Doctrine’ that signals the end of international law. As the first days of 2026 unfold, could Trump’s gangster-style intervention actually be emboldening Putin and Xi, and are Greenland and Canada truly the next targets on the list? And in a ‘Putinised’ West where European leaders remain non-entities, is this merely a regime change in Caracas, or a strategic flooding of the zone designed to shatter the transatlantic alliance and usher in a new era of transactional warfare? Hosted on Acast. See acast.com/privacy for more information.

In this special year-end edition of The Econoclasts, Yanis Varoufakis and Wolfgang Munchau dissect 2025 - a pivotal year and annus horribilis for the European Union in a world reshaped by a G2 power structure, where a resurgent Russia, a technologically dominant China, and a tariff-wielding Trump administration have left Europe and the UK strategically "snookered." From the collapse of international law and the death of the green transition to the rise of Cloud Capital and autonomous AI warfare, Yanis and Wolfgang shatter the comforting myths of the centrist establishment. As capitalism mutates into a predatory digital feudalism, how can we make the distinction between empirical optimism and the necessity of human hope as we enter 2026? Hosted on Acast. See acast.com/privacy for more information.