Eurozone Dystopia

Groupthink and Denial on a Grand Scale

William Mitchell, Professor of Economics, Centre of Full Employment and Equity, University of Newcastle, Australia

Eurozone Dystopia traces the origin of the Eurozone and shows how the historical Franco-German rivalry combined with the growing dominance of neo-liberal economic thinking to create a monetary system that is deeply flawed and destined to fail. It argues that the political class in Europe is trapped in a destructive groupthink which prevents it from seeing their own policy failures. Millions are unemployed as a result and the member states are caught in a cycle of persistent stagnation and rising social instability.