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In this week’s Econoclasts, Yanis Varoufakis and Wolfgang Munchau engage in a deconstruction of multiple modern economic and geopolitical myths, from Mark Carney’s Davos speech to the shifting power dynamics between Europe and the United States. Was Carney’s much-lauded call for a new multilateral alliance actually a muddled and hypocritical attempt to revive a global order that has already ruptured? And was Europe’s “victory” over Trump with regard to Greenland actually delusional cheerleading, when the declining continent remains trapped by a deep dependency on American technology, the dollar, and security infrastructure?
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// TIMECODES //
00:00 – 01:00 – Intro
01:00 – 01:59 – Today’s Topics
01:59 – 04:28 – Mark Carney’s Speech: Hypocrisies and Global Order
04:28 – 06:37 – Proposing a New Alliance & Doubts About US “Public Goods”
06:37 – 09:48 – EU Sovereignty, Integration, and Dependency on America
09:48 – 12:25 – Fiscal Priorities: Welfare vs. Investment
12:25 – 15:17 – Welfare Targeting, Job Market, and Tax Evasion
15:17 – 18:53 – Interest Rates, Inflation, and Economic Models Debate
18:52 – 21:58 – The Limits of Central Banks and the Role of Price Controls
21:58 – 26:41 – Debunking the “EU Victory” over Trump & Greenland
26:41 – 30:00 – Greenland, US Sovereignty, Historical Parallels, and Legacies
30:00 – 34:16 – EU Critique: Cheerleading vs. Constructive Policy Advice
34:16 – 35:00 – EU as Single Market and Wielding Geopolitical Power
35:26 – 39:28 – Dependency on US Dollar & The Need for Independent EU Systems
39:28 – 40:03 – Closing Thoughts
#UnHerd #Greenland #MarkCarney
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