Europe emerged as a cartel of heavy industry. It began with steel and coal, and then they co-opted the farmers, then they co-opted the bankers, and then the car industry and then eventually the service industries, and so on and so forth. It was an attempt to create stable prices, to limit competition, the opposite of the raison d’etre of the British state and of course the American state. So the idea was to stabilise prices and to stop the clash between German industry, French industry, northern Italian industry, Dutch industry – that kind of thing.

Sourced through Scoop.it from: www.truth-out.org

Interesting Varoufakis interview, good analysis but vague on substance as to how to democratise the EU

See on Scoop.itThe Great Transition