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Title Details

RRP / List Price: $40.00

Title   And the Weak Suffer What They Must 

ubiq Price: $36.00

Author   VAROUFAKIS Yanis  ISBN   9781847924049  Add to shopping cart   
Publisher   Random House  Group   Gen Non-F View shopping cart
Binding   Paperback Category   Culture & So  Terms and conditions
Edition   1 Type   Go back
Publication Year   2016 
Subject   Economic geography 
Stock Status   Not currently in stock - contact store for availability 
Order Status   Not currently on order 
Synopsis In 2008, the universe of Western finance outgrew planet Earth. When Wall Street imploded, a death embrace between insolvent banks and bankrupt states consumed Europe. Half a dozen national economies imploded and several more came close. But the storm is far from over
From the aftermath of the Second World War to the present, Varoufakis recounts how the eurozone emerged not as route to shared prosperity but as a pyramid scheme of debt with countries such as Greece, Ireland, Portugal and Spain at its bottom. Its woeful design ensured that collapse would be inevitable and catastrophic. But since the hurricane landed Europe's leaders have chosen a cocktail of more debt and harsh austerity rather than reform, ensuring that the weakest citizens of the weakest nations pay the price for the bankers' mistakes, while doing nothing to prevent the next collapse. Instead, the principle of the greatest austerity for those suffering the greatest recessions has led to a resurgence of racist extremism. Once more, Europe is a potent threat to global stability.
Drawing on the personal experience of his own negotiations with the eurozone's financiers and offering concrete policies and alternatives, Varoufakis shows how we concocted this mess and how we can get out of it. And The Weak Suffer What They Must? reminds us of our history in order to save European capitalism from itself.

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