And the Weak Suffer What They Must?: Europe, Austerity and the Threat to Global Stability
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Published by Bodley Head, 2016,softcover, index, 318 pages, condition: new.
The systematic denial of the real causes of the European crisis has given rise to a titanic battle with the integrity and soul of Europe as its victims. In this battle, the forces of reason and humanity are defeated daily and authoritarianism, inequality, a form of so-called austerity that undermines its own logic triumph. As a result, the centrifugal forces that are deconstructing the European Union are strengthened - with Brexit simply giving a foretaste of what is to come. The outcome of this titanic conflict will not only determine the future of our continent, but will also prove crucial for the world. The victory of rationality, freedom, democracy and humanity in Europe is, once again, at stake for the whole world.
In his new book, Yanis Varoufakis recounts the creation of the eurozone on the ruins of the impressive post-war economic system that was built, as an extension of the New Deal, by President Roosevelts descendants. Unlike that monetary and economic union (Bretton Woods), the eurozone was built in a way that quickly turned it into a pyramid scheme of (private and public) debt, with countries like Greece, Ireland, Portugal and Spain in the role of the perpetually insolvent borrower.
Yanis Varoufakis' book "The Rape of Europe" carefully and methodically leans over our recent European history, citing feasible solutions and highlighting the postmodern version of the 1930s that lurks if we make the mistake of believing that our only options are either submission to the various troikas or the dissolution of the European Union. (From the presentation on the back cover of the book)
