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And the Weak Suffer What They Must?

By: Yanis Varoufakis
Narrated by: Leighton Pugh, Yanis Varoufakis
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Publisher's Summary

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 a 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.

©2016 Yanis Varoufakis (P)2016 Random House AudioBooks
  • Unabridged Audiobook
  • Categories: History

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  • ben
  • 12-07-2022

superb

excellent in every way. Yanis' positions and perspectives shed a clarifying light on what is otherwise a complex issue.

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Great book

English is my first language but I envy the skilful manner in which Mr Varoufakis uses it.

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Thoughtful and personal

A must read to understand the European involvement in the GFC and to understand why it will happen again

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  • pk
  • 03-01-2017

This is one of must read books

This is one of must read book in or see to better understand the what is going on in the EU. Well written an eyes opening book.

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Good introduction for layperson

I found this mostly easy to follow and good to listen to. The take home message and arguments were easy to pick out. Only complaint is that the the author uses a lot of flowery language and metaphors. While these definitely help make a seemingly dry but important topic more accessible, so many are used with such frequency that sometimes I lost track of what the different metaphors referred back to and in an audiobook it is less easy to flip back through to refresh my memory. Narrator does a good job but sometimes accents of various world leaders seemed exaggerated/unnecessary.

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Excellent

Great insight into European economic history and the 2008 global financial crisis. Please make his other book The Global Minotaur available for download.

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a lay person's economics

a very clear exposition of the GFC and it's impact on the euro zone and, by extension, the world. bring on the Modest Proposal.

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