Economic History You Can Understand

And The Weak Suffer What They Must?: Europe, Austerity and the Threat to Global Stability  - Yanis Varoufakis

I didn’t expect this to be a horror story, but it is. At a time of Brexit and the rise of racism and xenophobia encouraged by its proponents, being pro-European is almost an obligatory stance. This book reveals how toxic the European Economic Union has been from day one, and how economic policy has been weaponised to crush “unworthy” members with punitive debt and economic disaster, likely to spread if left unmitigated.


The book is straightforward and easy to understand, especially for a text on Economics and International Post-War Economic History. Perfect for the layperson who wants to learn about a system that is facing a period of dismantling. It is, however, very repetitive, to the extent that I could have skipped about one third of the pages and still read all the book has to say.


I’m left thinking that a united Europe is a fine idea in theory, but something we have yet to achieve.