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The Global Minotaur: America, Europe and the Future of the Global Economy
The Global Minotaur America Europe and the Future of the Global Economy Author:Yanis Varoufakis In this provocative book, Yanis Varoufakis -- the fiery finance minister in Greek’s new Syriza-led government -- explodes the myth that financialization, ineffective regulation of banks, and generalized greed and globalization were the root causes of the global economic crisis. Rather, he shows, they are symptoms of a much deeper malaise, ... more »one that can be traced all the way back to the Great Depression, then through the stagflation of the 1970s, when a “Global Minotaur” was born. Today’s deepening crisis in Europe, Varoufakis shows, is just one of the inevitable signs of the weakening Minotaur -- of a global system that is now as unsustainable as it is unbalanced. Rather than simply diagnose a problem, however, Varoufakis also offers a solution, a program for introducing reason into what has become a perniciously irrational economic order.
An essential, powerfully polemical account of the hidden histories that continue to shape our world and economy today, this book from a major player on the stage of world finance will be essential reading for economists, policy makers, and regular citizens alike.« less