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Παγκόσμιος μινώταυρος

4.18  ·  Rating Details  ·  614 Ratings  ·  61 Reviews
"Το βιβλίο αυτό είναι μια από εκείνες τις πολύ σπάνιες εκδόσεις για την οποία μπορεί κανείς να πει ότι είναι επείγουσα, έγκαιρη και απολύτως απαραίτητη".
Terry Eagleton

Τι έφταιξε τελικά; Η απληστία; Οι πολιτικοί; Οι τράπεζες; Εμείς οι ίδιοι; Πολλά έφταιξαν και δύσκολα κάποιος μπορεί να πείσει ότι δεν προσέθεσε κι εκείνος το λιθαράκι του στο οικοδόμημα της Κρίσης. Όμως όλα α
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Paperback, 468 pages
Published 2012 by Εκδοτικός Οίκος Α. Α. Λιβάνη (first published August 1st 2011)
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Community Reviews

(showing 1-30 of 1,743)
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Randal Samstag
Oct 23, 2012 Randal Samstag rated it it was amazing  ·  review of another edition
Shelves: economics, favorites
Continuation of the review of the book Modern Political Economics with additional material about Varoufakis's solo book, The Global Minotaur

The second part of Modern Political Economics includes an historical analysis of the post-World War II world. The authors divide this time frame into two periods: 1) The Global Plan: the period following the Bretton Woods conference in 1944 which set up the gold-backed dollar as the world’s dominant currency and 2) The Global Minotaur: the period after the b
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Joao
Mar 21, 2014 Joao rated it really liked it  ·  review of another edition
Very informative book, in which the author, apart from showing us facts of where the world is now, economically speaking, also gives us his theory of why and how we got here.
Although I was not entirely convinced by his Global Plan and Global Minotaur theories, I have to admit that he makes a strong case for how Japan and Germany came to rise as very strong economies.
I will probably read it again soon, as some of the economic concepts didn't really sink in, me being somewhat new to this whole eco
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Joseph Jammal
The central thesis of the book ie the world economy requires some form of agreed upon global surplus recycling mechanism is insightful. However, the book seems to overstate the importance of trade and currency questions while overlooking the microeconomic reasons that growth is created. Furthermore, in the historical and evidence sections of the text the author has a tendency to lapse into hyperbole which undercuts what should be some very strong arguments. Certainly a good read, however, The Gr ...more
Linda Elder
Apr 14, 2013 Linda Elder rated it really liked it  ·  review of another edition

The Global Minotaur is a fast course in the economic workings of capitalism, covering the major players only, and starting at the 1944 Bretton Woods conference.

Central to the author's thesis is the principle that any monetary system requires mechanisms for transferring resources and capital from supply areas to deficit areas. At the end of World War II, the West had an efficient surplus recycling system in place. US was the supply country, recycling its excesses to the rest of the world, but esp
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Bjoern Rochel
May 05, 2016 Bjoern Rochel rated it really liked it  ·  review of another edition
Shelves: 2016
Fits perfectly in line with Naomi Kleins Shock Strategy, George Packards The Unwinding and Michael Lewis Big Short & Flash Boys.

What I like about the book is that it tries to explain why we ended up in the mess we're currently in and what role the US might have played on the way.

Varoufakis might no get everything right in his theory but he's the first author who at least delivered a convincing reason of why destabilizing the world might be in the strategic interest of he United States.

High
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Alejandro Shirvani
This is a passionate, direct left wing challenge to mainstream economic thinking and offers an interesting explanation of the development of postwar global economics: first there was an era of US global economic management, with the US producing trade surpluses that it invested in to Germany and Japan; then following the Vietnam war and the US beginning to run up both large budget deficits and trade deficits, the US became a 'global minotaur' that required 'feeding' with large capital inflows. H ...more
Wolfgang
Feb 07, 2016 Wolfgang rated it really liked it  ·  review of another edition
This book is from the controversial (for some people) new finance minister of Greece, who was an economics professor most of his adult live.

Varoufakis explains how, from his viewpoint, the US has dominated the world economy since WWII in two phases:

1) after the war when the US produced huge surpluses of manufactured goods and needed consumers for these - hence the "global plan", which included the Marshal Plan, invested significant portions of the US GDP (4%) in Europe and Asia for ultimately t
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Daniel Aguilar
I hesitated wether to give this book 3 or 4 stars. I finally chose to give it 3 not because I didn't find it valuable (I did get many insights from it) but because I found it hard, sometimes, to follow Mr. Varoufakis arguments. Of course, this is my own responsibility; the author is not liable for my lack of knowledge or abilities on handling complex subjects like this one. However, I don't feel it would make much sense to give the book 4 stars when, even though I feel I learnt quite a few thing ...more
Joni
Feb 18, 2015 Joni rated it really liked it  ·  review of another edition
I think this is a terrific read that really helps to understand where Greece is coming from and what Varoufakis wants to achieve through his work as Finance Minister.

Varoufakis has a terrific Keynesian-based theory he calls the Global Minotaur - it begins with a Global plan that emerges after the end of the second world war and it mutates into the Global Minotaur during the 1970s economic crisis. Varoufakis believes that 2008 was another, final plateau of the relationship between surplus genera
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adriana
Sep 11, 2015 adriana rated it really liked it  ·  review of another edition
Shelves: non-fiction
I decided to pick up this book after watching an interview with then Minister Varoufakis. Feeling picked by what he had said there and how clearly he expressed himself it wasn't long before I got myself a copy of his last book. Although the background this book's content is set against is certainly familiar to most europeans who follow the news regularly - namely, the reasons that brought about the Crisis of 2008 - Mr. Varoufakis expands and goes back to the early 20th century to paint a short h ...more
Malcolm Pellettier
May've even understood it too. bonus.
Jemma
Apr 08, 2016 Jemma rated it really liked it  ·  review of another edition
This is quite a masterwork, positing a deeper structural problem with postwar and certainly post 1971 world Economics.

Over the years since the Crisis, I've come to realise (with dismay) that I'm much better informed on Economic matters than most. An A Level in Economics and an lot of Socio-Economic History in my History Degree, somewhat worryingly is enough to give me a comparatively and reasonably deep understanding of Economics. So, it is refreshing to read something where I know I don't know
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David
Nov 20, 2011 David rated it really liked it  ·  review of another edition
An illuminating little book by a leading commentator -- Greek, appropriately -- on the global economic crisis. Varoufakis does the service of setting the two primary acts of this drama, the US credit and subsequent European debt crises, in the long-term context of Western macroeconomic policy decisions taken since 1944. Thus enlarged,the story becomes much more than a tale of feckless Greeks and impecunious Irish - though it remains centrally a tale of astoundingly provincial German mercantilism ...more
Stephen Wong
Dec 09, 2013 Stephen Wong rated it really liked it  ·  review of another edition
The allegory to that of the Minotaur being made by Yanis Varoufakis is easy to make out in view of his thesis that what he refers to as the Global Surplus Recycling Mechanism (GSRM) is a feature of global capitalism and of the globalisation of product-markets and supply chains and financialization in one direction only, namely, America's and its labyrinth of demand and the exorbitant privilege of the reserve currency of the US dollar.

That the United States could no longer function as the global
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Enrique Mañas
Mar 03, 2016 Enrique Mañas rated it it was amazing  ·  review of another edition
This book is great.

Is shocking to read from one of the worldwide figures in economics how the economy developed since the crash of 1929, and how the real world works until the hood.

"The Global Minotaur" is a economical and historical tour since the Wall Street crash until the current day, analyzing the different pressures groups that have arisen through time, how they control the finances and how the money is directed and conveyed in different directions to keep alive an artificial economic cycl
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Türkay
Sep 28, 2015 Türkay rated it it was amazing  ·  review of another edition
Shelves: 2015, economy, non-fiction
Varoufakis, oldukça basit bir dille, küresel ilişkileri gözönüne seriyor.
Küresel Kapitalizmin neden sürdürülemeyeceğini, "kapitalizmin sonu", "yeni bir düzen" tartışmalarının nerelerden kaynaklandığını; Avrupa ya da Euro bölgesinde "neler olup bittiği" konusunda aydınlatıcı, ufuk açıcı bir çalışma.

Nasıl bir dönemden geçtiğimizi anlamaya çalışırken, bulunduğumuz noktaya nasıl geldiğimizi de tarihsel olarak çok güzel özetlemiş Varoufakis... SYRIZA'nın ilk hükümet döneminde Maliye Bakanı olan yaz
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David
Jul 14, 2015 David rated it it was amazing  ·  review of another edition
Convincing explanation of where we are, how we got here, etc. Alas, the book also explains why it is unlikely that anyone in power will do the right things -- but I must say that the Bernie Sanders campaign gives me some hope. Not a lot of hope, but some is better than none.

In spite of the fact that the book is about disaster, it is a very good read. And it even has a few hopeful thoughts at the end. However, probably best to wait and read the updated edition he is working on now that he's no l
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Titus Hjelm
Jul 09, 2015 Titus Hjelm rated it it was amazing  ·  review of another edition
Ostin kirjan jo jouluna 2014, mutta luin sen nyt, Kreikka-kriisin ollessa pahimmillaan. Ja kunnioitus Kreikan linjaa kohtaan ainoastaan kasvoi. Varoufakis osoittaa selkeästi paitsi kuinka nykytilassa ollaan Wall Streetin sekoilun takia, myös että Eurooppa ja Euroalue erityisesti ovat haavoittuvaisia Saksan hegemonian takia. Syrizan toiminta näyttäytyy uudessa valossa kun tulee selväksi, ettei EUlla olisi ollut mitään tarjottavaa maalle joka tapauksessa.
KSE
Jul 18, 2015 KSE rated it it was amazing  ·  review of another edition
The way Varoufakis explains the precipitating events that lead to the 2008 Crash and why the global economy has not recovered yet is casual enough to be understood by someone without an economics background but has enough academic rigour to be credible.

I felt like reading this book was like meeting one of my university profs for drinks after class to further discuss course topics.

Most importantly, I understand what happened and what is going on now better than I did before.
Kerveros
Oct 07, 2012 Kerveros rated it it was amazing  ·  review of another edition
This review has been hidden because it contains spoilers. To view it, click here.
Irma Walter
Nov 21, 2015 Irma Walter rated it it was amazing  ·  review of another edition
Interesting read. I did pick up quite a bit of insight from the book, on events that happened over my life time which at the time I was too ignorant to appreciate.
My feelings about the global crisis was much improved after reading the book, as it is quite comforting to realise that someone understands what's going on and is able to share some of that understanding with the common people.
David
Aug 21, 2015 David rated it it was amazing  ·  review of another edition
Shelves: read-2015
Really vivid and great explanation of not just the 2008 meltdown (and fraud) but the whole key stretch of economic history from 1900-2012. And all in less than 300 readable pages.

But let me recommend Brian Collins' sharp appreciation of Varoufakis and this book if you remain unconvinced (from the very fine Los Angeles Review of Books):

https://lareviewofbooks.org/essay/the...
Roel Dama
Jul 01, 2015 Roel Dama rated it really liked it  ·  review of another edition
Besides the very simplistic explanation of the labour theory of value (without explicitly mentioning it) Varoufakis offers an interesting (sometimes alternative) narrative to the economic and political causes of the 2008 crisis. Would recommend to people with interest in economics and with an understanding of basic macro-economic concepts such as the balance of payments, because this concept is crucial throughout the whole book.
Franci
Mar 21, 2016 Franci rated it really liked it  ·  review of another edition
Zelo zanimiv je graf na strani 104, ki kaže da se je od leta 1970 produktivnost ameriških delavcev podvojila, povprečne plače pa so ostale enake.

Kazalo:
1. Uvod
2. Laborotoriji bodočnosti
3. Globalnio načrt
4. Globalni Minotaver
5. The beasts handmaidens
6. Trk
7. The handmaidens strike back
8. Minotavrova globalna zapuščina
9. Svet brez Minotavra
Joselu
Aug 24, 2015 Joselu rated it really liked it  ·  review of another edition
interesante análisis sobre el origen de la gran crisis que vivimos a nivel global.
la última parte es un poco caótica y más densa, pero el tono general es muy didáctico.
la traducción con el famoso lenguaje inclusivo deja mucho que desear: las lectoras pero los banqueros, las ciudadanas pero los políticos... ejem
Jan-Jaap van Peperstraten
Though probably offering too many takes on too many issues the Greek Finance minister's book dóes do an excellent job in explaining to the rest of us why the Euro simply can`t succeed in its current set-up. Definitely worth a read for that reason alone. ...more
Nevine
Provoking and informative, this book takes you on a tour of 20th century capitalism early from the great depression till the world of the 2008 crash ... seeing how the international economic scene turned into one big casino the 2008 meltdown seems much more plausible.
Sam Quigley
Dec 12, 2015 Sam Quigley rated it really liked it  ·  review of another edition
Varoufakis is right about pretty much everything ... except this laboured metaphor. His insistence on shoehorning it in to what are otherwise lucid accounts of surplus-recycling mechanisms serves only to, first, complicate, and then, irritate.
Nkoyo
Jun 04, 2015 Nkoyo rated it really liked it  ·  review of another edition
Very insightful and informative. Having lived through the period described in this book, it felt very much like a post-mortem, other times like a prophecy.

An explanation of the 2007 economic crisis for dummies, I recommend!
John Da ega
Aug 19, 2015 John Da ega rated it did not like it  ·  review of another edition
Awful book. Inaccurate data, wrong math, wrong definition of basic concepts as QE and company valuation. I share some of the conclusions, but the book is full of propaganda.
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Autobiography:

Let me begin with a confession: I am a Professor of Economics who has never really trained as an economist. While I may have a PhD in Economics, I do not believe I have ever attended more than a few lectures on economics! But let's take things one at a time.

I was born in Athens back in the mists of 1961. Greece was, at the time, struggling to shed the post-civil war veil of totalitar
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More about Yanis Varoufakis...

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“Had history been democratic in its ways, there would have been no farming and no industrial revolution. Both leaps into the future were occasioned by unbearably painful crises that made most people wish they could recoil into the past.” 8 likes
“Regular crises perpetuate the past by reinvigorating cycles which started long ago. In contrast, (capital-C) Crises are the past's death knell. They function like laboratories in which the future is incubated. They have given us agriculture and the industrial revolution, technology and the labour contract, killer germs and antibiotics. Once they strike, the past ceases to be a reliable predictor of the future and a brave new world is born.” 6 likes
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