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In this episode of The Econoclasts, Yanis Varoufakis and Wolfgang Munchau debunk the myth of European strategic sovereignty and the lie at the heart of the City of London, exposing how Germany’s failure to innovate within its declining car industry leaves it defenseless against Trump’s revenge tariff assault, while the UK’s ‘finance curse’ has replaced productive industrial investment with a parasitic reliance on property speculation and shareholder payouts.
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