The Econoclasts

The UK is trapped in a cycle of decline


May 12, 2026
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In this episode of The Econoclasts, Yanis Varoufakis and Wolfgang Munchau dissect Keir Starmer’s attempts to maintain power in a declining UK economy alongside the paradoxical surge in US market wealth triggered by Donald Trump’s war with Iran – a conflict that is failing to smoke out Tehran while simultaneously enriching a narrow elite of tech lords and fracking independents at the expense of the global working class.


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