By Yanis Varoufakis
A mammoth conflict is being waged for Europe’s integrity and soul, with the forces of cause and humanism wasting out to turning out to be irrationality, authoritarianism, and malice, selling inequality and austerity. the full international 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 little thing he had warned about—the perils of the euro’s defective layout, the ecu Union’s shortsighted austerity regulations, financialized crony capitalism, American complicity and emerging authoritarianism—was proven because the “troika” (the ecu important financial institution, overseas financial Fund, and ecu fee) stonewalled his efforts to solve Greece’s financial crisis.
Here, Varoufakis provides a clean examine the background of Europe’s predicament and America’s principal function in it. He provides the final word case opposed to austerity, offering concrete regulations for Europe which are essential to tackle its concern and sidestep contagion to the US, 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 refrained from in any respect cost.
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Extra info for And the Weak Suffer What They Must?: Europe's Crisis and America's Economic Future
He buried his old enemy in the traditional Persian style. 39 Alexander recruited Persian troops for his army because he believed that if he forged a close alliance between the Macedonians and the Persians, he could better hold onto the empire he now ruled. He began to adopt the customs of the Persian courts, placing a crown on his own head and wearing the great robes of the Persian kings. The fact that Alexander embraced the customs of his former enemy infuriated his Greek subjects, and some of them started to rebel.
Swiftly defeated, Darius III fled, leaving behind one hundred tons of silver and, as before, his bow, arrows, and chariot. Alexander was now indeed lord of all of Asia! 29 Alexander rode triumphantly through the gates of Babylon. He took possession of the palace, citadel, and treasury. 30 Next Alexander conquered Susa and acquired one of the Persian Empire’s largest stores of precious metals: 1,250 tons of gold and 225 tons of gold coins. 31 32 In the winter of 331, Alexander battled his way to Persepolis, the famous capital of Persia.
One of Darius III’s own generals arrested the Persian king and locked him up inside a horse-drawn cart. The general murdered Darius III and proclaimed himself the new great king, only later to be hunted down and defeated by Alexander. 38 Alexander found the body of Darius III and carried it back to Persepolis. He buried his old enemy in the traditional Persian style. 39 Alexander recruited Persian troops for his army because he believed that if he forged a close alliance between the Macedonians and the Persians, he could better hold onto the empire he now ruled.
And the Weak Suffer What They Must?: Europe's Crisis and America's Economic Future by Yanis Varoufakis