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

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PublicAffairs, Apr 5, 2016 - Political Science - 368 pages
A #1 Sunday Times bestseller [UK]

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 elected to the Greek parliament with more votes than any other member of parliament. He was appointed finance minister and, in the whirlwind five months that followed, everything 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 confirmed as the "troika" (the European Central Bank, International Monetary Fund, and European Commission) stonewalled his efforts to resolve Greece's economic crisis.
Here, Varoufakis delivers a fresh look at the history of Europe's crisis and America'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 America, China, and the rest of the world. With passionate, informative, and at times humorous prose, he warns that the implosion of an admittedly crisis-ridden and deeply irrational European monetary union should, and can, be avoided at all cost.
 

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User Review  - georgee53 - www.librarything.com

A trenchant critique of the forces that led to the creation of the European Union, the debacle of the Euro and the impact of the resulting economic crisis on Greece and other unfortunate recipients of the German Bank's largesse. Read full review

LibraryThing Review

User Review  - willszal - LibraryThing

Varoufakis was Greek's finance minister during the hight of their recent crisis in 2015. He is also a left-leaning (a self-identified "erratic Marxist"). This book was published in 2016. The book is ... Read full review

Contents

PREFACE The Red Blanket
An Indecent Proposal
Troubled Pilgrims
Trojan Horse
The One That Got Away
The Reverse Alchemists
Back to the Future
Europes Crisis Americas Future
Notes
About the Author
Copyright

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About the author (2016)

Yanis Varoufakis is the Finance Minister of Greece. A Professor of Economic Theory at the University of Athens and a visiting professor at the Lyndon B. Johnson School of Public Affairs, University of Texas at Austin, he is the author of "The Global Minotaur: America, the True Causes of the Financial Crisis and the Future of the World, " among others. @yanisvaroufakis

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