real utopias

 

The following transcript is of an interview by host Fareed Zakaria with economist and The New York Times columnist, Paul Krugman.

The referendum in Greece refuting the European Union’s unbending insistence on radical austerity as the medicine Greeks must continue to swallow is simply not to be missed for its multiple layers of significance. To put the core take-home first, we are all Greeks as they stand against the neoliberal orthodoxy. Their battle is perfectly of a piece with one that needs to be called by its name and waged in our great country.

As leaders of the Syriza-led government of Greece participate in high-stakes meetings with their European creditors in Brussels on Monday, New York Timescolumnist and Nobel Prize-winning economist Paul Krugman is among those urging the so-called Troika negotiators—representing the IMF, the European Central Bank, and the European Commission—to do what is right by giving Athens the chance to unburden itself from the harshest austerity measures and reach a compromise deal on future lending.