The Global Minotaur: America, Europe and the Future of the Global Economy

If you’re still wondering how the Great Recession of 2007-2010 affects today’s global economy and democratic governments, this book provides much needed clarity using the greek myth of the Minotaur, a Cretan beast. Yanis Varoufakis, the former finance Minister of Greece, uses the mythological creature to explain how the unsustainable financialization of the world’s assets was a result of governments' failure to keep the world’s trade imbalances in check. Varoufakis believes we can avoid a depressing economic future by replacing the U.S. surplus eating economy with Global Surplus Recycling Mechanism (GSRM). Read the book to learn what GSRM is and why it matters.

Share this post
Related posts
News
Clean Campaigns Act Unanimously Approved by Seattle City Council!

BIG win in Seattle! Two of the three bills that are part of the Clean Campaigns Act passed unanimously.

Books
How Democracies Die

Written by Daniel Ziblatt and Steven Levitsky, this book shows how democracies die—and how ours can be saved.

Books
‍Democracy in Chains: The Deep History of the Radical Right's Stealth Plan for American

Written by Nancy MacLean, this book is an explosive exposé of the right's relentless campaign to eliminate unions, suppress voting, privatize public education, and change the Constitution.