Books
Los Angeles Review of Books: On Yanis Varoufakis’s new theory of the global financial crisis, by Brian Collins
, 18/10/2011
Brian Collins honoured us (myself and my co-authors Joseph Halevi and Nicholas Theocarakis) with a long, extremely kind review which he just published in the Los Angeles Review of Books: Yanis Varoufakis, Joseph Halevi, and Nicholas Theocarakis, Modern Political Economics: Making Sense of the Post-2008 World, Routledge, July 2011. 552 pp. Yanis Varoufakis, The Global Minotaur: America, The […]
The Modest Proposal travels to the Netherlands: Groningen on Thursday 6th October and Amsterdam on Friday 7th October
, 05/10/2011
If you happen to be in the Netherlands today and tomorrow (Thu 6/10 and Fri 7/10) and wish to participate in a debate on the Modest Proposal, this is your chance. Come along. The adjacent poster concerns the Groningen event. Click here for an interesting introduction to this event. For the Amsterdam debate-presentation that follows […]
The Global Minotaur versus the Age of Greed: A debate on the ABC Radio National's Late Night Live, chaired by Philip Adams
, 19/09/2011
Since the late 80s one of my daily pleasures has been to listen to Late Night Live, the ABC Radio National's daily program in which Philip Adams, the renowned Australian film maker, author and public intellectual reviews the current political, social and cultural climate, talks to authors about a great variety of interesting books (that [...]Video: A brief introduction to The Global Minotaur, courtesy of ScotlandUnite
, 08/09/2011
Last Friday, 2nd September, a day after the launch of The Global Minotaur, ScotlandUnite, the trades union, invited me to their London offices where they kindly interviewed me on a number of issues, including the book. Here is the video of what I had to say about The Global Minotaur: America, the True Origins of […]
The Modest Proposal as the last shot left in the eurozone’s barrel: Guest post by George Krimpas
, 20/08/2011
The term ‘eurobond’ is bandied about ever so lightly. This is dangerous.
The Minotaur in the Room: Announcing the London launch of my new book on the true causes of the ongoing global economic tumult – 1st September 2011
, 09/08/2011
In London on Thursday 1st September at 18.30? Why not join us in the launch of The Global Minotaur at the Bookmarks bookshop , 1 Bloomsbury Street? Aditya Chakrabortty (of The Guardian) will introduce the book. (Click here for a pdf of the invitation) Meanwhile, here is a piece that sums up the reasons why this […]
Radio and TV interviews on the Euro/Greek Crisis and the Modest Proposal. Plus an announcement…
, 03/07/2011
For those interested, a number of links to recent radio and TV interviews on the latest twists and turns of the Greek-euro crisis follow: In conversation with Trevor Chappell, on ABC Radio National (27 June 2011) Interviewed in the As It Happens leading news and current affairs program of the Canadian Broadcasting Corporation (CBC) – […]
Crisis Update: Three interviews on the Euro Crisis, the Greek Crisis and the Modest Proposal (Radio, TV and print)
, 12/06/2011
UBS Interview promoting the modest Proposal And the crisis sails on… (Anyone recall Fellini’s masterpiece “And the ship sails on”?). In todays post you can: (A) listen to a half-hour long radio interview on the euro crisis (interviewed by Doug Henwood, for the Behind the News program – it begins on the 27th minute), (B) […]
The Modest Proposal for Overcoming the Euro Crisis, Version 2.2
, 06/04/2011
Only a few days’ worth of developments made it necessary to update, yet again, the Modest Proposal. The new text we are putting out today is quite different from Version 2.1. So much so that we toyed with the idea of labelling it Version 3.0. But we shall keep that label in abeyance for later. […]
Modest Proposal 2.0, as presented at the European Party of the Left Athens Conference, on 12th March 2011
, 15/03/2011
This post is for those of you who wanted to read my presentation of the Modest Proposal Version 2.0 at the conference on the Debt Crisis organised by the European Party of the Left, 12th March 2011, in downtown Athens. The text follows. (As it happened, a dearth of headphones meant that most of the […]
A MODEST PROPOSAL FOR OVERCOMING THE EURO CRISIS, Version 2.0
, 11/03/2011
A few months ago, Stuart Holland and I tabled our Modest Proposal for Overcoming the Euro Crisis. Then we gave it a redux for the New Year. As the Crisis is deepening, and in view of the forthcoming 25th March EU Summit which, we were promised, was meant to culminate into a Comprehensive Solution for […]
The Minotaur’s Global Legacy, Part E – The rise of China
, 08/03/2011
In today’s post I conlcude the region-by-region assessment of the impact of the Global Minotaur’s demise post-2008. Previsously, we delved into the triangular relationship between Japan, East Asia and the USA, recalled Germany’s peculiar engagement with the rest of Europe (see here) and, lastly, re-visited the eurozone crisis.
The Minotaur’s Global Legacy, Part D – A brief history of a very European debacle
, 07/03/2011
The region by region assessment of the impact of the Global Minotaur’s demise post-2008 today proceeds to an analysis of the eurozone crisis. Having just looked at the story of Germany’s European engagement (see here), and after having scrutinised the triangular relationship between Japan, East Asia and the USA), we are (I hope) ready for a […]
The Minotaur’s Global Legacy, Part C – Germany's Europe
, 06/03/2011
The region by region assessment of the impact of the Global Minotaur’s demise post-2008 continues in today’s post with a close look at Germany and its attempt to remould Europe in its image. (The last posts looked at developments in the triangular relationship between Japan, East Asia and the USA).
The Minotaur’s Global Legacy, Part B – Wounded tigers: Japan, America and the South East Asian crisis
, 05/03/2011
Today I continue with a region by region assessment of the impact of the Global Minotaur’s demise post-2008. The last post looked at Japan. This one focuses on the nexus between Japan, SE Asia and the USA
The Minotaur's Global Legacy, Part A: The Dimming Sun
, 03/03/2011
On 25th March, European leaders have promised us a comprehensive solution to the eurozone risis. I am not holding my breath but, at the same time, I am redrafting the Modest Proposal for resolving the crisis. It will appear in this blog next week. In the meantime, I return to my Global Minotaur theme. The […]
The fifth of the Global Minotaur's Handmaidens: Toxic economic theory
, 22/02/2011
The last two posts examined four important contributors to the Global Minotaur: to America’s astonishing pre-2008 capacity to attract financing from the capital surpluses of the rest of the world sufficient for the purposes of funding its expanding twin deficits. They were, in turn, (a) the mergers and acquisitions drive, (b) hedging and leverage, (c) The Wal-Mart business model […]
The Minotaur’s Handmaidens Part B: The Wal-Mart business model and Wall Street’s toxic money
, 18/02/2011
In The Minotaur’s Handmaidens Part A, my last post, I looked at two important contributors to the Global Minotaur: to America’s astonishing pre-2008 capacity to attract financing from the capital surpluses of the rest of the world sufficient for the purposes of funding its expanding twin deficits. These two contributors were, on the one hand, the […]
The Minotaur's Handmaidens Part A: Mergers and take overs, Hedging and Leverage
, 16/02/2011
The last post presented the Global Minotaur as a peculiar, yet powerful, Global Surplus Recycling Mechanism (GSRM). Now, I move on to a discussion of the various submechanisms by which the US twin deficits managed to attract financing from the capital surpluses of the rest of the world so that this strange GSRM could operate […]
The Global Minotaur as a most peculiar Global Surplus Recycling Mechanism
, 15/02/2011
Continuing with the story of the Global Minotaur, today’s post looks at it as a most peculiar Global Surplus Recycling Mechanism .(to get up to speed on what this mechanism might be all about, click here) Following the collapse of the Global Plan in 1971, by the end of the 1970s America’s twin deficits had started […]
The Global Minotaur is finished…
, 01/02/2011
Regulars of this blog will know that 31st January 2011 was my deadline for finishing my new book, THE GLOBAL MINOTAUR: America, the True Oirigns of the Financial Crisis, and the Future of the World Economy. Well, I missed my deadline. By two hours and thirty six minutes! As deadline misses come, it was not […]
So, why did the Crash of 2008 happen? A first glimpse of the Global Minotaur
, 15/01/2011
Regular visitors will know that these days I am deeply immersed in the writing of a book about the Crash of 2008 and its after math. One that will bear the title THE GLOBAL MINOTAUR: America, the True Origins of the Financial Crisis and the Future of the World Economy. Well, I just finished a […]
Two challenges to the Modest Proposal Redux
, 14/01/2011
Soon after posting the 2011 version of the Modest Proposal, I received two repudiations: One from a convivial ex banker (whose views have appeared on this blog before) and one from my comrade-in-arms, George Krimpas. Their objections are important and this is why I am posting them here, along with my answers.
The Modest Proposal Redux (a new version for the turbulent 2011)
, 11/01/2011
As the euro crisis will enter its final stages in 2011, and the debate on how to end it will heat up, I thought it important to update the Modest Proposal, in preparation for the debates to come. Click here for a copy. The main difference from the last version concerns the first step: Rather […]