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Politics

Jul 9, 2026 Yanis Varoufakis

At 250, America is now producing a mindless, raw power and exponentially growing instability. The possibility of catharsis that characterized the United States at its bicentennial is hard to envisage a half-century later—to the detriment of us all.

ATHENS—On the heels of America’s 250th anniversary, I felt the curious need to resist my usual penchant for economic and geopolitical analyses of claims made for or against the United States. Instead, I surrendered to an emotional, personal, indeed an Athenian, take on the global hegemon whose development and actions have shaped us all.