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ISBNs
9781780320175
9781780320168
9781780320151
1780320167
The Global Minotaur: America, the True Origins of the Financial Crisis and the Future of the World Economy
US$ 19.95
(+ tax)
Zed Books; August 2011
264 pages; ISBN 9781780320175
Read online, or download in EPUB or secure PDF format
264 pages; ISBN 9781780320175
Read online, or download in EPUB or secure PDF format
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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 – one that can be traced back to the Great Crash of 1929, then on through to the 1970s when, like the Athenians forced to pay tribute to the Cretan beast, the world began financing the ‘Global Minotaur’ of America’s budget and trade deficits. Now, from the current crisis in Europe to the heated debates about austerity versus further fiscal stimuli in the US, the consequences of the fatally wounded Minotaur are everywhere. 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.
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