The Global Minotaur just published in Italian

The Global Minotaur has just been published in Italian under the title Il Minotauro Globale: L’America, le vere origini della crisi e il futuro dell’economia globale. Thanks to my Italian publisher for this opportunity to reach a wider audience in yet another proud nation that is continuing, with increasing intensity, to feel the repercussions of the global Crisis that came about when, on 2008, what I call the Global Minotaur met its nemesis. For more on the Italian edition, click here. For information on the  English, German and Greek editions click here. For a series of video presentations and reviews on the book’s themes and contents, see below:


  • Very fine for Italians to read this book… Loretta Napoleoni has years ago written a lot about the subject, so Italian people receive a new chance of enlightening the new situation. I have the book in English and Greek, I could not find it in German, though. Any hint?

  • Congratulations on the Italian Edition Yanis!
    best wishes from Toronto,
    always, Dannis (Prof. Phil Triadafilopoulos’ cousin)
    p.s. coming out to Athens to research my Essay Film titled GREECE YEAR ZERO…would love to meet with you in the fall if possible.

  • Αγαπητέ Γιάνη, επειδή μόλις πριν λίγες μέρες βρήκα τον χρόνο να διαβάσω – ρουφήξω τον “Παγκόσμιο Μινώταυρο”, Βιβλίο το οποίο βρήκα εξόχως διαφωτιστικό (με την έννοια πως πολλές πολιτικές και οικονομικές εξελίξεις που τις ψυχανεμιζόμασταν ή τις ακούγαμε ως δοξασίες βρήκαν σοβαρή στοιχειοθέτηση απο το βιβλίο σας), θα ήθελα να θέσω υπ’όψην σας ,το παρακάτω (θα συγκρατηθώ και δεν θα το χαρακτηρίσω…) δημοσιεύμα απο το Spiegel.
    Θα ήθελα να του ρίξετε μια ματιά (…) και φυσικά θα αποτελούσε μέγιστη ικανοποίηση για μένα αν το σχολιάζατε.
    Με εκτίμηση,

  • This book opened my eyes. I’ve read it twice and will read it again. Yanis is an excellent writer with a lot of very important things to say. Anyone with even the slightest interest in how our world is run should read this book.

  • Yanis,
    Thank you for your work, which I read with great interest and appreciation.

    Perhaps you could answer a question I have regarding what we can call the Minotaur thesis: the re-engineering of the global economy that the United States pushed through beginning in the 1970s.

    The argument (as I understand it) you presented in the Global Minotaur was that the Minotaur system was put in place in order to enable the United States to maintain its role as global hegemon. As part of the process of attracting private foreign capital to the United States, a fierce campaign combining the undermining of labor, reduction of wages, etc., was undertaken, culminating in the Volcker recession of the early 1980s.
    On the other hand, I have encountered many analyses that attribute the attack on labor, etc. in the 1970’s to a desire on the part of the ruling classes in the United States to push back against the increasing social demands that were being raised in the society broadly as a result of 1960’s social movements. I am speaking of increased labor militancy, etc., that was part of the “crisis of democracy” [in the words of the Trilateralists] that was occurring during this period.
    Of course, both the forces driving the Minotaur’s birth and the elite need to fend off the “crisis of democracy” were present, but I would like to know your view on the relative importance of each. It may be that, as often occurs in history, these elite goals simply dovetailed.

    • There is no doubt that Western elites never took kindly to the major redistribution of income that went hand-in-hand with the Global Plan (1944-1971), with the restrictions on financialisation, with the establishment of a far-reaching Welfare State. If they did go along with it, it was because of the fear of another 1929 as well as of the growing influence of the Soviets (during the 1940s) on the working classes and intellectuals of Western Europe. But as the Global Plan unravelled (following America’s loss of its surplus position in the 1960s), and the Soviets’ appeal waned fast (especially after the invasion of Prague), Western elites began to mobilise against the ‘shackles’ that prevented them from boosting their economic rents. However, the question that I have been trying to answer is: Why and how were these shackles broken around 1971/73? How come there was such little resistance to the astonishing re-distribution of income from the have nots to haves? My answer is that the Global Minotaur (i.e. the surplus recycling mechanism that took profits from the rest of the world and financed with it the US twin deficits, which in turn bolstered world demand) saw to it that enough segments of American society benefitted from this recycling to unshackle the elites. Alas, the more the latter were unshackled the greater the financialisation – with the results that we all witnessed in 2008.