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In this special year-end edition of The Econoclasts, Yanis Varoufakis and Wolfgang Munchau dissect 2025 – a pivotal year and annus horribilis for the European Union in a world reshaped by a G2 power structure, where a resurgent Russia, a technologically dominant China, and a tariff-wielding Trump administration have left Europe and the UK strategically “snookered.” From the collapse of international law and the death of the green transition to the rise of Cloud Capital and autonomous AI warfare, Yanis and Wolfgang shatter the comforting myths of the centrist establishment. As capitalism mutates into a predatory digital feudalism, how can we make the distinction between empirical optimism and the necessity of human hope as we enter 2026?
‘the green transition is only happening in China.. and Africa’
Well. Whichever city I visited in China ( HK, Guangzhou, Xi An…) the smog was unbearable, it stings the eyes. Only Urumqi on the edge of the desert was clear.
Has he been to Dar-es-Salaam ? Good grief
Cloud capital ‘extracts rents’, apart from Marxist agitprop what does that mean ? Don’t use it then. Its just a fancy way of describing marketing, so don’t buy it.
Ruined by advertisements.
I pay a subscription in order to avoid having to listen to the endless tosh which assaults our every waking hour.
Raise the subscription and make the cost of the site transparent instead of inflicting the extra cost of these advertisement.
Rent-extraction if ever there was