The Global Minotaur

The Global Minotaur

America, the True Origins of the Financial Crisis and the Future of the World Economy

eBook - 2011
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Financialization, greed, ineffectively regulated banks - all have been blamed for the global economic crisis. In reality, though, these were mere subplots in a much grander, almost mythological, drama. Remarkable and provocative, The Global Minotaur gives an essential account of the socio-economic events that have shaped the world as we now know it, and the options available for reintroducing a modicum of reason in our irrational global economic order.
Publisher: London : Zed Books Ltd., 2011.
ISBN: 9781780320175
1780320175
9781780320168
1780320167
Characteristics: 1 online resource (264 p.)
Additional Contributors: OverDrive

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StarGladiator
Jan 13, 2013

This guy really, really annoys me! Is he a mentally limited type, or a fraudster? Yes, he does state some incredibly obvious stuff, which has been intelligently stated over and over and over again, but his summation is idiotic and brings to mind the ancient comment: "Most economists are simply poor comic book writers, very poor." To mention the Bretton Woods agreements, without also mentioning that Keynes' input amounted to very little, and it was Harry Dexter White (hopefully I recall his name correctly) who was following the direction of a young David Rockefeller, also at Bretton Woods, of course. Varoufakis appears not to have either read, or understood, Thorstein Veblen and his brilliant, and brilliantly honest, explanation of "surplus capital" and what the hegemons and super-rich do with it! ! ! Varoufakis also excuses "financialization" as if it had no bearing (other than the financial fraud underlying the vast fortunes of so many multi-billionaires (and some trillionaires, it is rumored) and the major tool for control and manipulation of that global economy overlaid on top of recycling said surplus (didn't he ever understand the basis for "petrodollars" ? ? ?). To date, one would be wise to pay extreme attention the still-living, and most brilliant economist in the Western Hemisphere, Prof. Michael Hudson, and the deceased and most brilliant social economist in history, Thorstein Veblen (its gotta be lonely to be so brilliant among so many dull-witted comic book writers!).

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