The Econoclasts

Military spending won’t save Europe


June 16, 2026
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In this episode of The Econoclasts, Yanis Varoufakis and Wolfgang Munchau expose the dangerous flaws of a newly hyped Trump-Iran pre-deal, reveal how Europe’s aggressive shift toward wasteful defense spending is a delusion built on exaggerated threats, and uncover a widening technological chasm where aggressive US nationalist regulations and a stagnant European mindset are combining to leave the West severely outpaced by China’s productivity-boosting integration of AI and robotics.


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