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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