Costas Lapavitsas is a candidate standing for election on Syriza’s list. He is a Professor of Economics at the School of Oriental and African Studies, University of London. He is a member of Research on Money and Finance (RMF). He was the lead author of the RMF reports published by Verso as Crisis in the Eurozone. His previous publications include Social Foundations of Markets, Money and Credit and Political Economy of Money and Finance and Profiting Without Producing: How Finance Exploits Us All.
That's what the left has failed to recognize in Europe and in Greece. The mechanisms of the European monetary union are a reified class practice. That's what they are. You can't change them because you've won a vote in Greece. It's impossible to do. You can't change them because you'll get Podemos in Spain. It's not possible to do. Either you break the whole thing or you accept it as it is.
Republished from the Jacobin, 7 July 2015:
The Greek people’s rejection of austerity in Sunday’s referendum was an enormous victory. But what’s next? How will the ongoing crisis be resolved? And is a Greek exit from the eurozone inevitable if ending austerity is the aim?
Yesterday our friends at the Real News Network interviewed Costas Lapavitsas, a radical economist and a Greek member of parliament, about Syriza’s options going forward. Also a member of Syriza’s Left Platform, Lapavitsas has long been skeptical of the party leadership’s negotiating strategy and the viability of remaining in the eurozone. Here he discusses Yanis Varoufakis’s resignation as finance minister, the oligarchic private media, and the necessity of bank nationalization.