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Category: VOLUME IX, No. 5

TWO CHEERS YANIS VAROUFAKIS

It took the collective wisdom of Europe’s great and good to create Europe’s first ponzi austerity scheme… As in Ponzi growth schemes, where more and more investments are required to maintain the pretence of growth, in the case of Greece, Portugal, Ireland, Spain and Cyprus more and more loans were

THE SIX EUROPEAN UNIONS OF 2030

Although this article is highly speculative, and somewhat light-hearted and fanciful in tone, it is intended to serve, if not as a beacon, at least a premonition of what such a beacon might look like. There are obviously many serious issues involved in a move toward this model, and not

THE POVERTY OF TRANSFERS: ON P. T. BAUER AND CAPITAL FUNDAMENTALISM

P. T. Bauer (1915–2002) is a Hungarian that his countrymen should remember and honour. One day, he will be celebrated as a great economist of the 20th century and a gallant figure who opposed the consensus. His father was a bookie in Budapest. One day “one of his clients suggested

UKRAINE’S CONFLICT WITH TWO OF ITS NEIGHBOURS

It is not the first time that I write on Ukraine in this journal, and most probably it will not be the last. It has been a long way since President George H. Bush told Ukrainians in Kiev in the summer of 1991 to remain within the Soviet Union, together

THE CIVILISATIONAL COLLAPSE OF THE WEST

The Roman Catholic Church is the oldest institution in the world. It has seen the ruin of an Empire, the rise and fall of kingdoms, withstood the invasions of barbarian tribes and repulsed Ottoman armies and navies. It even produced a pope who, with not a single armoured division, played

THE MAKING OF AN AMBITIOUS COSMOPOLITAN

At about half way in the course of the Second World War, I shocked my family by using a foreign phrase for the first time. The word came from the dictator of a neighbouring state, Nazi Germany, our dreaded enemy. My family’s policy was to keep us children in the

DAILY FODDER FOR FATE, WITH BATTLES AND DUELS

(On and à propos Tibor Várady’s book Goose-Downs and History) The secret source of Humour itself is not joy, but sorrow. (Mark Twain) Lieutenant Nikola Tepić was the half-brother of Major Milan Tepić, the latter well-known for having blown himself up along with an ammunition depot at Bjelovar to prevent

FROM GOOSE-DOWN PEDDLING AND BORDER TRESPASSING TO CONCENTRATION CAMP

A Story Found in the Family Archive THE OZNA This story is about the criminal trial of István Tóth. I found the mould-ridden case documents on a bottom shelf in the garage. They stated that Tóth, a farmer, was born in Hódegyháza (today Jazovo in Serbia), a village about 10