Written by Hendrick Smith, this book describes the consolidation of wealth in the United States, and the dismantling of the middle class.
If you’re still wondering how the Great Recession of 2007-2010 affects today’s global economy and democratic governments, this book provides much needed clarity using the greek myth of the Minotaur, a Cretan beast. Yanis Varoufakis, the former finance Minister of Greece, uses the mythological creature to explain how the unsustainable financialization of the world’s assets was a result of governments' failure to keep the world’s trade imbalances in check. Varoufakis believes we can avoid a depressing economic future by replacing the U.S. surplus eating economy with Global Surplus Recycling Mechanism (GSRM). Read the book to learn what GSRM is and why it matters.