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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?
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//TIMECODES//
00:00 – 00:52 – A Year of Upheaval
00:52 – 01:13 – Intro
01:13 – 03:17 – Three Upsets: Russia, China, and Trump’s Wins
03:17 – 05:32 – Sponsor
05:32 – 08:16 – Europe’s Crisis and Changing World Order
08:16 – 10:13 – The Death of the Green Transition & International Law
10:13 – 11:13 – Far-Right Surge and Unintended Political Shifts
11:13 – 13:22 – The Rise of Tech: AI, Macroeconomics & Crypto Gains
13:22 – 16:16 – Cloud Capital: Redefining Power in the Digital Age
16:16 – 19:42 – Techno-Optimism vs. Dystopia: The Role of AI
19:42 – 23:48 – Cryptocurrency, Cloud Capital, and the Power Elite
23:48 – 26:48 – Self-Restraint, Military AI & Europe’s Vulnerabilities
26:48 – 28:13 – Hope vs. Optimism in the Face of Concentrated Power
28:13 – 28:49 – Wrapping Up: Looking Towards 2026
#UnHerd #YanisVaroufakis #China
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