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




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Published on Feb 12, 2015

6th Subversive festival
15/05/2013, 18h, cinema Europa, Hall Müller, Zagreb, Croatia
Yanis Varoufakis: The Global Minotaur: America, Europe and the Future of the Global Economy (book promotion)

Q&A: Marko Kostanić

Yanis Varoufakis: "The Global Minotaur: America, Europe and the Future of the Global Economy" (Zed Books, London, 2013)

In this remarkable and provocative book, Yanis Varoufakis explodes the myth that financialisation, ineffectual regulation of banks, greed and globalisation were the root causes of 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 the 1970s: the time when a 'Global Minotaur' was born. Just as the Athenians maintained a steady flow of tributes to the Cretan beast, so the 'rest of the world' began sending incredible amounts of capital to America and Wall Street. Thus, the Global Minotaur became the 'engine' that pulled the world economy from the early 1980s to 2008.

Yanis Varoufakis
Political economist and a professor at the University of Texas, Austin. After training in mathematics and statistics, Varoufakis received his economics doctorate in 1987 at the University of Essex. Before that he has allready began teaching economics and econometrics at the University of Essex and the University of East Anglia. From 1989 until 2000 he taught as Senior Lecturer in Economics at the Department of Economics of the University of Sydney. In 2000 he moved to his native Greece where he was Professor of Economic Theory at the University of Athens. He is an active participant in the current debates on the global and European crisis and the author of The Global Minotaur: America, the True Origins of the Financial Crisis and the Future of the World Economy (2011).

You can find other recordings of talks by Varoufakis from the 2013 Zagreb visit here:

keynote "Confessions of an Erratic Marxist": http://youtu.be/A3uNIgDmqwI
interview "All the good stuff that cannot be measured": https://www.youtube.com/watch?v=FqZ2e...
roundtable "Utopia of the EU" with Susan George and Franco Beradi Bifo: http://youtu.be/ZAYK9cMiSbE


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