The Econoclasts Palantir's secret pact & the Euro's fatal flaw
Nov 12, 2025
Unraveling the euro's potential downfall, the discussion reveals critical structural flaws that could lead to a crisis, particularly if political shifts arise in France. The conversation also questions the myth that capitalism equals free markets, exposing how state and corporate interests conspire to maintain monopoly power. They explore whether AI will challenge this status quo or reinforce existing tech giants' control. The hosts delve into the implications of data and technology in shaping power dynamics, emphasizing the need for genuine competition.
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Episode notes
Euro Lacks Necessary Economic Union
- The euro is a fragile construct because monetary union lacked accompanying fiscal and capital-market union.
- Without federal fiscal, banking and capital-market integration the euro remains prone to political shocks and sovereign stress.
Cortisone, Not Cure, For The Euro Crisis
- The euro crisis never ended; ECB interventions temporarily patched symptoms rather than fixing root causes.
- Institutions like the ESM and banking union are flimsy stopgaps that leave underlying imbalances intact.
Schäuble’s ‘I’m Not A Macroeconomist’
- Yanis recounts Wolfgang Schäuble saying "I'm not a macroeconomist, I'm a lawyer" to explain Eurogroup politics.
- Schäuble framed negotiations to constrain political sovereignty rather than to craft macroeconomic solutions.
