The Global Minotaur

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The Global Minotaur
In this remarkable and provocative book, Yanis Varoufakis explodes the myth that financialisation, ineffectual regulation of banks, greed and globalisation were the root causes of the global economic crisis. Rather, they are symptoms of a much deeper malaise which can be traced all the way back to the Great Crash of 1929, then on through to the 1970s: the time when a Global Minotaur was born. Just as the Athenians maintained a steady flow of tributes to the Cretan beast, so the rest of the world began sending incredible amounts of capital to America and Wall Street. Thus, the Global Minotaur became the engine that pulled the world economy from the early 1980s to 2008.
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