The Global Minotaur

Yanis Varoufakis argues that the 2008 financial crisis was a symptom of a deeper malaise rooted in the global economic system established by the United States in the 1970s. Using the metaphor of the Minotaur, he describes how American deficits functioned as an engine for recycling global surplus capital and explores the implications of this system's collapse for the future of the world economy.