The Global Minotaur

Yanis Varoufakis and Paul Mason
9781783606108

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In this provocative book, Yanis Varoufakis--the fiery former 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, 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, and with a new introduction by Paul Mason, will be essential reading for economists, policy makers, and regular citizens alike.

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ISBN:
9781783606108
Dimensions (WxH):
5.25 x 8.25
Publisher:
Zed Books
Publication Date:
July 05, 2015

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