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[...] a federation replaces sovereignty forfeited at the national or state level with sovereignty at the unitary, federal level, centralizing power within an alliance of states is, by definition, illegitimate, for there is no body politic that can legitimize it.

—p.220 Back to the Future (196) by Yanis Varoufakis 9 years, 2 months ago

[...] The essence of that sorry treaty was not so much that it crushed Germany economically and caused Germans untold collective pain, but that, in the end, it was an own goal: a terrible deal even for the victors--a self-defeating punitive act that John Maynard Keynes understood early on and the rest of the world came to recognize as such in the 1930s, when it was too late.

—p.235 Europe's Crisis, America's Future (234) by Yanis Varoufakis 9 years, 2 months ago

[...] Bewildered Europeans caught in a permanent downward spiral and devoid of democratic control over those whose decisions determine their lives are turning inward and blaming themselves. Back in the Middle Ages, when the Black Death hit Europe, most Europeans genuinely believed that the plague was caused by sinful living and could be exorcized through self-flagellation. They were of course wrong, but something similar is happening today.

—p.245 Afterword: From Dissonance to Harmony (245) by Yanis Varoufakis 9 years, 2 months ago

Instead of asking 'How should we deal with this crisis?' the powers that be asked an almost religious question: 'How should we bail out Greece, Ireland and the others without seeming to violate the no-bailout dogma?' It only takes a second's thought to realize that by posing the second question rather than the first Europe was bound to go astray.

DRIFT

—p.244 Europe's Crisis, America's Future (234) by Yanis Varoufakis 9 years, 2 months ago

Leonard Schapiro, writing on Stalinism, warned us that 'the true object of propaganda is neither to convince nor even to persuade. But to produce a uniform pattern of public utterances in which the first trace of unorthodox thought reveals itself as a jarring dissonance.' [...]

—p.245 Afterword: From Dissonance to Harmony (245) by Yanis Varoufakis 9 years, 2 months ago

The differences between Greece and Ireland are instructive. Ireland had a tiny debt before 2008. Greece had a large one. The reason is simple: capital flow from the surplus countries was directed into the Greek state, which in turn passed it on to developers--those who built highways, 2004 Olympic sites, etc. In Ireland the same capital flow went directly into the banks, which then passed it on to the developers, bypassing the state. Thus, Irish public debt was tiny while private debt was gargantuan--the opposite case to that of Greece--but when the crisis hit, the result was the same: the Irish state took on the burden of private debt and collapsed. The Greek state just collapsed.

endnote 31

—p.292 Notes (262) by Yanis Varoufakis 9 years, 2 months ago

I told Helen that we would leave as soon as it got dark. But night would not shake off the day that kept clinging to its edges. We waited. Silently. Hidden behind drawn curtains, we listened to the street noises coming through the slightly opened balcony window. Each time a car slowed down or stopped, each time footsteps tapped the pavement outside, I held my breath — wondering whether we might have waited too long.

—p.4 Nets (1) by Angela Y. Davis 7 years ago

They all explained that they had been driven by necessity to apply for this kind of job. Apparently it was one of the highest-paying jobs in New York that did not require a college education. In a way, these officers were prisoners themselves, and some of them were keenly aware that they were treading ambiguous waters. Like their predecessors, the Black overseers, they were guarding their sisters in exchange for a few bits of bread. And like the overseers, they too would discover that part of the payment for their work was their own oppression. For example, overtime was compulsory. And because of the military discipline to which they were forced to submit, failure to work overtime was punishable as insubordination. Sixteen-hour workdays, a few times a week, were never out of the ordinary for the young officers who held no seniority, and for the older ones who weren't well-liked in the top echelons of the jail hierarchy.

—p.43 Nets (1) by Angela Y. Davis 7 years ago

One evening, after lock-up, a loud question broke the silence. It came from a sister who was reading a book I had lent her.

"Angela, what does 'imperialism' mean?"

I called out, "The ruling class of one country conquers the people of another in order to rob them of their land, their resources, and to exploit their labor."

Another voice shouted, "You mean treating people in other countries the way Black people are treated here?"

—p.62 Nets (1) by Angela Y. Davis 7 years ago

As my stay in the House of Detention was drawing to a close, a number of women's groups in New York began to organize a bail fund for the women inside the House of Detention. There were women who spent months in jail simply because they didn't have fifty dollars to make their bail. As this work was being accomplished outside, there was organizing going on within. The problem was to prevent the bail fund from becoming just another service organization to provide bail for women inside, much the same way as lawyers are provided by Legal Aid. We came up with an ideal solution: the women who would receive funds from the organization outside were to be elected collectively by the women in each corridor. When a woman was elected to be a beneficiary, she would not only have her bail paid, but would have responsibilities to the bail fund as well. Once out on the streets, she would have to work with the fund, helping to raise money; making whatever political contributions she could to the development of the organization.

so cool

—p.64 Nets (1) missing author 7 years ago