English Essays

The Empire is Striking Back, gross failure continues to be handsomely rewarded, and the world economy struggles to find its footing without the Global Minotaur.

That the Empire has struck back there is no doubt. Goldman Sachs’ Lloyd C. Blankfein just rewarded himself with $19 million bonus  for 2010: the year during which he appeared in front of a Senate Committee, a court , an SEC investigation revealing in full technicolor the great variety in which GS broke the law, manipulated […]

English European Crisis Uncategorized

Progress report on The Modest Proposal: Widespread support has come its way. Plus, the Levy Institute has adopted it as a Policy Paper

Since Version 2.1 of the Modest Proposal was published here on 24th March, the demands on our time have been extraordinary. Thus, no posts. But the good news is that the Proposal has, since then, been received with considerable approval in various, largely unexpected, quarters. The Greek Trades Union Council (GSEE) have committed themselves to […]

Books English European Crisis Uncategorized

Modest Proposal 2.0, as presented at the European Party of the Left Athens Conference, on 12th March 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 […]

English Essays

Tobin's tax and the parlous state of our European democracy

Did you know that the Greek government managed, through heroic and brilliant bargaining, to extract from the latest Eurozone Summit an agreement that the Tobin tax will, at long last, see the light of day – at least in the eurozone? Well, nor did I. But apparently, this is precisely what happened, if the Greek […]

English Essays

Breaking News: No Redemption for Greece, for Ireland or for Europe. And an interesting query regarding the ECB's role under the Modest Proposal

Sad news from the EU summit (that the media are presenting as yet another ‘breakthrough’): Just  heard the news that our EU leaders are making progress in reaching an agreement on extending the Greek EU-IMF loan repayments by a few years and reducing the interest rates for Ireland by 1%. The possibility of allowing the […]

Asia Books English Politics and Economics The Global Minotaur: A theory of the Global Crisis Uncategorized

The Minotaur’s Global Legacy, Part E – The rise of China

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.

Books English Politics and Economics The Global Minotaur: A theory of the Global Crisis Uncategorized

The Minotaur’s Global Legacy, Part D – A brief history of a very European debacle

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 […]