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2025-05-07 06:08:41
DiEM25
Yanis Varoufakis: The Trump Shock and the Delusions of Europe’s Centrist Elites
Published on May 6, 2025
While Europe's centrist elites wail about Trump’s chaos, Yanis Varoufakis reminds us that the very system they defend — the globalised, financialised capitalism of the post-Nixon era — is what paved the way for Trump in the first place.
In this searing breakdown, Varoufakis traces the collapse of the so-called liberal order: from the Nixon Shock to the Global Minotaur, from financial rent extraction to the impotence of EU and UK leadership. As the Trumpists ask dangerous questions with dangerous answers, Europe dithers with no answers at all.
But a real alternative is possible — bolder than Trump, radically humanist, and rooted in democracy, equity, and ecological sanity. It starts with breaking free from the Dark Deal and building a post-capitalist future that puts people over profit.
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