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Lädt ... The Global Minotaur: America, The True Origins of the Financial Crisis and the Future of the World Economyvon Yanis Varoufakis
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Melde dich bei LibraryThing an um herauszufinden, ob du dieses Buch mögen würdest. Keine aktuelle Diskussion zu diesem Buch. Great read. It is necessary to understand how Greece got into the position they are in now. This predicament dates back to the 1960's or, arguably, their independence from Turkish occupation. The reality is a country without a sufficient national economy to support their national consumption *will* lose their national identity. ( ) keine Rezensionen | Rezension hinzufügen
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The author explodes the myth that financialization, ineffectual regulation of banks, greed and globalization 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 to 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. Today's crisis in Europe, the heated debates about austerity versus further fiscal stimuli in the US, the clash between China's authorities and the Obama administration on exchange rates are the inevitable symptoms of the weakening Minotaur; of a global 'system' which is now as unsustainable as it is imbalanced. Going beyond this, the author lays out the options available to us for reintroducing a modicum of reason into a highly irrational global economic order. Keine Bibliotheksbeschreibungen gefunden. |
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Google Books — Lädt ... GenresMelvil Decimal System (DDC)338.9Social sciences Economics Production Economic Development And GrowthKlassifikation der Library of Congress [LCC] (USA)BewertungDurchschnitt:
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