New York City, particularly the financial district of Manhattan, is the Global Minotaur, raking in the profits of global capitalism to the benefit of a miniscule minority. It’s a great analogy, but I don’t agree that this Beast is dead.. not yet anyway.
Almost two years have passed since the first edition of The Global Minotaur was written. Its prognosis for our tormented beast was not good. Have events since confirmed that the Global Minotaur’s wounds were too deep to allow it to continue to perform its miraculous global surplus recycling? Is this still the best explanation available as to why the American, the European and, indeed, the global economies are stuttering? Of why generalised insecurity has become the ‘new normal’? These are the questions posed by the book’s Second Edition….
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