The Econoclasts

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.

This week, the hosts challenge the conventional belief that China is actively seeking to replace the US dollar, highlighting Beijing's desire for sanctions independence instead. They explore how China’s approach to a reserve currency could demand substantial liberalization of its capital markets. Additionally, they critique the 'cordon sanitaire' strategy in Europe that excludes far-Right parties from coalitions, arguing it leads to stagnation and empowerment of these parties instead of resolution. The conversation intertwines global economics with evolving political dynamics.

In this first episode of The Econoclasts, Yanis Varoufakis and Wolfgang Munchau debunk two failed economic orthodoxies shaping our world. First, they dismantle the narrative that Europe is helping Ukraine - and striking a powerful blow against Russia - by raiding Russia’s frozen assets. More than this being legally questionable, is it also economically and geopolitically self-defeating? Next, they expose the "battle" between central banks and anti-establishment crypto rebels as a false choice, revealing it as a dangerous illusion that serves the powerful. Far from being revolutionary, are stablecoins turbo-charging financial instability for the next global crash? Hosted on Acast. See acast.com/privacy for more information.

The Econoclasts is a new podcast from UnHerd hosted by economist Yanis Varoufakis and journalist Wolfgang Munchau. While they don't always agree politically, they are united in one conviction: the consensus is rotten. Mainstream economics has consistently failed to predict the events that shape our world, yet this broken orthodoxy still dominates policy and media. Each week, they choose two pillars of the established orthodoxy — the "settled facts" — and shatter them, cutting through the spin to connect the dots between money, geopolitics, and the real forces shaping our future.Don't forget to rate, like and subscribe wherever you get your podcasts. Hosted on Acast. See acast.com/privacy for more information.

Tom and Helen analyze Donald Trump's approach to the complexities of a multipolar world, focusing on his relationships with Russia and China. They discuss transformative shifts in U.S. foreign policy towards Ukraine and the Arctic's role in global competition. The complexities of European interests are explored, particularly how NATO and the EU adapt to geopolitical changes. The speakers also examine Trump's strategies regarding Iran and the broader implications for global power dynamics, raising questions about future security in Europe.

The podcast dives into the emergence of a multipolar world order, highlighting the shift from U.S. dominance to a more diversified global landscape. It examines the rise of China and Russia, and the implications for American geopolitical strategy. Key discussions focus on the challenges of resource dependencies, U.S.-China dynamics, and the complexities of international relations. The evolving military ties between the U.S. and Russia in the Middle East are also explored, shedding light on significant geopolitical events and their ramifications.

Tom and Helen dive into the alarming American debt crisis and how Trump's economic policies respond to it. They explore the intricate balance between corporate tax cuts and individual benefits, while also reflecting on the U.S.’s role in international relations. Historical parallels with Nixon and Reagan reveal the radical implications of current economic strategies. The discussion extends to the relationship between military power and economic stability in U.S. foreign policy, highlighting past legacies and the evolving global economic landscape.

The discussion revolves around Ukraine's growing role in the international minerals market and its implications for intelligence sharing. Zelensky's diplomatic efforts highlight the balance between peace and resource management during ongoing conflicts. The challenges of reconstruction amid geopolitical pressures are examined, emphasizing energy security. The complexities of rare earth mineral extraction in Ukraine versus Russia's claims illustrate the strategic importance of resources. Finally, the intricate relations between the U.S., China, and Russia in terms of energy dependencies are also explored.

This week, political whirlwind takes center stage with Keir Starmer's defense talks in Washington and his meeting with Donald Trump. Meanwhile, Volodymyr Zelensky ignites discussions during a press conference at the Oval Office. As European leaders rally in London, they strategize on a fresh peace plan for the U.S. The implications of Trump's policies ripple through UK defense strategies, while historical contexts like the Suez Crisis offer lessons for modern geopolitics. It's a tangled web of alliances, diplomacy, and defense in a rapidly shifting landscape.

The podcast dives into Germany's recent elections, highlighting the Christian Democrats' disappointing victory and the surge of the far-right AFD party. Listeners learn about the impact of these results on European politics and Germany's relationship with the United States. The discussion explores potential shifts in foreign policy independence and the challenges of forming a coalition government. Additionally, the hosts analyze the complexities of Germany's defense strategies and the broader geopolitical implications in a changing world.