In this remarkable and provocative book, Yanis Varoufakis, former finance minister of Greece, explodes the myth that financialisation, ineffectual regulation of banks, greed and globalisation were the root causes of both the Eurozone crisis and the global economic crisis. Rather, they are symptoms of a much deeper malaise which can be traced all the way back to the Great Crash of 1929, then on through to the 1970s: the time when a Global Minotaur was born. Today's deepening crisis in Europe is just one of the inevitable symptoms of the weakening Minotaur; of a global system which is now as unsustainable as it is imbalanced. Going beyond this, Varoufakis reveals how we might reintroduce a modicum of reason into what has become a perniciously irrational economic order. An essential account of the socio-economic events and hidden histories that have shaped the world as we now know it.
Yanis Varoufakis, geboren 1961, ist ein griechisch-australischer Wirtschaftswissenschaftler und Autor zahlreicher Buch- und Zeitschriftenpublikationen. Er war Professor für ökonomische Theorie an der Universität von Athen und an der Lyndon B. Johnson School of Public Affairs der Universität in Austin, Texas. Von Januar bis Juli 2015 war er Finanzminister der Regierung unter Alexis Tsipras.