The Global Minotaur America Europe And The Future Of The Global Economy
by Gianns Baruphaks · first published 2013
4mentions
3recommended by
4HN commenters
2015–2019first – last mentioned
75% recommend25% neutral
"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 Minot
Affiliate links. As an Amazon Associate I earn from qualifying purchases.
My personal picks as I continue to try to understand global economic trends since the 1980's through the prism of the 2008-crash: The Global Minotaur: America, Europe and the Future of the Global Economy by Yanis Varoufakis [1] The Price of Inequality: How Today's Divided Society Endangers Our Future By Stiglitz, Joseph E. [2] The Rise and Fall of American Growth: The U.S. Standard of Living since the…
on “YC's Winter Reading List” ↗…or Iran)? To read about this system of petrodollar recycling, and how/when it was created in the early 70's because of collapse of Bretton Woods, check out an this excerpt[3] from excellent book "The Global Minotaur: America, Europe and the Future of the Global Economy" by Yanis Varoufakas former Greek minister of finance. Good thread [3] covering a broad summary of trade, the dollar, and petrodollar warfare [4] [0] http://www.thirdworldtraveler.com/Iraq/Iraq_dollar_vs_euro.h...…
on “NY Fed rescues overnight lending market with $53B” ↗Other Varoufakis videos that are worth watching if you want to know more about him and his views: * "The Global Minotaur: America, Europe and the Future of the Global Economy " -- about his book, a nice narrative of the last 100 years of the political economy -- https://www.youtube.com/watch?v=MEUWxNifJJ8 * Richard D. Wolf's Global Capitalism update featuring Varoufakis --…
on “Varoufakis and Stiglitz [video]” ↗> The Global Minotaur: America, Europe and the Future of the Global Economy by Yanis Varoufakis [1] Have you read "And the Weak Suffer What They Must?"? It's fantastic. Really helped shape my view before the EU Referendum here in the UK.
on “YC's Winter Reading List” ↗