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 […]

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

The Minotaur’s Global Legacy, Part C – Germany's Europe

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).

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

The Minotaur's Global Legacy, Part A: The Dimming Sun

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 […]

English Essays

The Crash of 2008 – lest we forget

So far (see the category The Global Minotaur), we have seen examined the constituent parts of  the peculiar global surplus recycling mechanism of the second postwar phase (to which I have given the label Global Minotaur). We saw how it caused financialisation and the global imbalances that everyone is talking about today. Then, all of […]

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

The fifth of the Global Minotaur's Handmaidens: Toxic economic theory

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 […]

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

The Minotaur’s Handmaidens Part B: The Wal-Mart business model and Wall Street’s toxic money

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 […]