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yanis varoufakis
Leading Economists Endorse UN Expert's 'Economy of Genocide' Report After Trump Attack
A group of economists, including Thomas Piketty and Yanis Varoufakis, expressed solidarity with Francesca Albanese as the Trump administration pushes for her removal as U.N. special rapporteur on occupied Palestine.
Jul 08, 2025
A group of world-renowned economists has penned an open letter expressing support for United Nations expert Francesca Albanese's recent report scrutinizing the integral role that powerful corporations have played in sustaining Israel's genocidal assault on Palestinians in the illegally occupied territories.
The letter, first obtained and published in English by Zeteo on Monday, characterizes Albanese's report as "a major contribution to understanding the political economy of Israel's apartheid state, the ethnic cleansing of Palestinians, and, now, their genocide," and argues her findings "must be studied and debated widely and freely."
The letter's signatories include former Greek Finance Minister Yanis Varoufakis, French economist Thomas Piketty, and University of Massachusetts Amherst economics professor Jayati Ghosh.
The economists' endorsement of Albanese's report comes days after the Trump administration issued a statement calling on United Nations Secretary-General António Guterres to remove her as special rapporteur for the occupied Palestinian territories. The statement was released a day after the publication of Albanese's report, which the Trump administration characterizes as part of "an unacceptable campaign of political and economic warfare against the American and worldwide economy."
The top economists cited the Trump administration's statement as a key impetus behind their decision to publicly back Albanese's work.
"In view of the virulently hostile and indeed intimidating letter from the U.S. government to the U.N. secretary-general demanding the dismissal of Ms. Albanese and the quashing of her excellent report, we felt the need to express our strong support for Ms. Albanese and to encourage the U.N. to dismiss the shrill demands of the U.S. and Israeli governments," the economists wrote.
"Following a well-trodden path of genocide denial and of bullying anyone who challenges the right of the colonial power to dispossess Indigenous peoples," they continued, "the U.S. and Israeli governments, with most European governments too timid to take a stance, demand that the international community turn a blind eye to the ongoing genocide and, in particular, to the key role that multinational and national corporations are playing in maintaining the apartheid regime and enabling the subsequent genocide."
This is not business as usual.
My new UN report, From Economy of Occupation to Economy of Genocide, is out today.
It shows how corporations have fueled and legitimised the destruction of Palestine.
Genocide, it would seem, is profitable. This cannot continue, accountability must… pic.twitter.com/Ei3atw0TQ1
— Francesca Albanese, UN Special Rapporteur oPt (@FranceskAlbs) July 1, 2025
Albanese's report thoroughly documents corporate complicity and direct participation in Israel's assault on Palestinians, specifically naming dozens of corporations in a range of sectors—from Lockheed Martin to Microsoft to Chevron to Palantir.
"The complex web of corporate structures—and the often obscured links between parents and subsidiaries, franchises, joint ventures, licensees, etc.—implicates many more," Albanese wrote. "Israel's ongoing illegal occupation of the oPt creates an untenable situation for corporate entities to simply continue business as usual."
"The private sector must, in its own interests, urgently reconsider all engagement connected to Israel's economy of occupation and now genocide," she added.
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UN Chief 'Alarmed' by Israel's Gaza Conquest Plan—But Minister Says No Concerns From Trump
"I don't feel that there is pressure on us from Trump and his administration," said Ze'ev Eklin. "They understand exactly what is happening here."
May 05, 2025
The office of United Nations Secretary-General António Guterres on Monday condemned Israeli Cabinet ministers' vote to capture the entire Gaza Strip amid Israel's ongoing genocidal assault, while a prominent Knesset lawmaker claimed that U.S. President Donald Trump would not object to his far-right government's plans to indefinitely occupy the Palestinian enclave.
Fugitive Israeli Prime Minister Benjamin Netanyahu's Security Cabinet unanimously approved Operation Gideon's Chariots, an expansion of the 577-day onslaught that has left more than 185,000 Gazans dead, wounded, or missing and millions more forcibly displaced, starved, or sickened. The Israel Defense Forces said Saturday that it was calling up tens of thousands of reservists ahead of the planned offensive.
An unnamed Israeli official told The Times of Israel that the plan involves the "conquering of Gaza," indefinitely occupying the Palestinian territory, and forcibly expelling its inhabitants to the southern part of the strip in order to defeat Hamas and secure the release of all remaining hostages kidnapped on October 7, 2023.
The official said the plan won't be implemented until after Trump's scheduled visit to Saudi Arabia, Qatar, and the United Arab Emirates later this month.
"We are occupying Gaza to stay—no more going in and out."
Discussing the plan, Israeli Finance Minister Bezalel Smotrich said that "we are occupying Gaza to stay—no more going in and out."
"This is a war for victory, and it's time we stop fearing the word occupation," he added. "We will settle the battle with Hamas—we will not surrender; they will."
The conquest, ethnic cleansing, and recolonization of Gaza is a top objective of many far-right Israelis. Last July, the International Court of Justice—which is currently weighing a genocide case against Israel—found that the country's 58-year occupation of Palestine is an illegal form of apartheid that must end as soon as possible.
Guterres' office warned Monday that the planned Israeli offensive would have catastrophic consequences for Gaza's embattled population.
"I can tell you that the secretary-general is alarmed by these reports of Israeli plans to expand ground operations and prolong its military presence in Gaza," Guterres spokesperson Farhan Haq said at a press briefing, adding that the operation "will inevitably lead to countless more civilians killed and the further destruction of Gaza."
"What's imperative now is an end to the violence, not more civilian deaths and destruction," Haq stressed. "Gaza is, and must remain, an integral part of a future Palestinian state."
European Union spokesperson Anouar El Anouni also expressed deep concern over Operation Gideon's Chariots, which he said "will result in further casualties and suffering for the Palestinian population."
"We urge Israel to exercise the utmost restraint," El Anouni added.
Asked about the Israeli plan, Trump declined to comment on its military aspects and said the U.S.—which provides Israel with diplomatic support and billions of dollars in armed aid—would help deliver food to Palestinians, who humanitarian groups say are facing imminent famine amid Israel's tightened blockade of Gaza. The Washington Post reported Monday that "American contractors" would be hired to distribute aid in the strip.
"We're going to help the people of Gaza get some food," Trump told reporters on Monday. "People are starving, and we're going to help them get some food."
Israeli Cabinet Minister Ze'ev Elkin claimed Monday that Trump—who in February proposed a U.S. takeover of Gaza—would not object to Operation Gideon's Chariots.
"I don't feel that there is pressure on us from Trump and his administration—they understand exactly what is happening here," Elkin said.
Some critics of Israel's planned conquest of Gaza accused Netanyahu of impeding the hostages' release by unilaterally breaking a January cease-fire agreement with Hamas.
"The Israeli hostages would now have been free, along with hundreds of innocent Palestinians languishing in Israeli prisons, had indicted war criminal Netanyahu not chosen to violate the cease-fire deal he had signed," former Greek Finance Minister Yanis Varoufakissaid on social media Monday. "Lest we forget..."
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Guilty! Election Ban for Far-Right Marine Le Pen in France
The xenophobic nationalist leader, expected to run for president once again in 2027, was sentenced to 4 years in prison for misuse of party funds over many years.
Mar 31, 2025
The far-right French politician Marine Le Pen was convicted on embezzlement charges by a national court on Monday, sentenced to four years in prison and barred from seeking elected office for at least five years—a development that progressives warn could backfire if too many people see the ruling as an attempt to preemptively subvert democracy.
Le Pen's "electoral ineligibility is effective immediately," the New York Times reports and derails her presidential aspirations even as other right-wing politicians, including President Donald Trump in the United States and Hungary Prime Minister Viktor Orban, seek to consolidate their grip on power.
"Je suis Marine!" Orban declared on social media shortly after the verdict was handed down, which resulted in a visibly angry Le Pen storming out of the court room before the proceedings concluded.
"This is nuts. Lawfare is wrong whomever it targets. And it is stupid to boot. France's neofascists will only benefit from this, just as the MAGA lot did." —Yanis Varoufakis
The court suspended two years of Le Pen's sentence, but the other two will be served under a form of house arrest with ankle bracelet monitoring.
While Jordan Bardella, president of the anti-immigrant National Rally (RN) party which Le Pen leads, said "French democracy was killed" by the verdict, the conviction followed a robust investigation and trial into to the RN's payment scheme which siphoned millions of Euros out of taxpayer funds over many years.
According to the Guardian:
Le Pen and 24 party members, including nine former members of the European parliament and their 12 parliamentary assistants, were found guilty of a vast scheme over many years to embezzle European parliament funds, by using money earmarked for European parliament assistants to instead pay party workers in France.
The so-called fake jobs system covered parliamentary assistant contracts between 2004 and 2016, and was unprecedented in scale and duration, causing losses of €4.5m to European taxpayer funds. Assistants paid by the European parliament must work directly on Strasbourg parliamentary matters, which the judges found had not been the case.
Despite the immediate ban imposed on his political enemy, DiEm25 leader Yanis Varoufakis, the leftist former finance minister of Greece who also co-founded Progressive International, warned that barring politicians from running for office via court rulings that have not completed a full appeals process puts democracy on a dangerous road.
"This is nuts," said Varoufakis in response to the conviction and sentencing.
The idea of lawfare, in which politicians or elected officials are targeted with frivolous or manufactured criminal charges in order to thwart their political careers is a well-known tactic that has often been used against left-leaning leaders as well.
"Lawfare is wrong whomever it targets," he continued. "And it is stupid to boot. France's neofascists will only benefit from this, just as the MAGA lot did. A panicking illiberal establishment across the West is diving headlong into a totalitarian pit."
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