Abstract

A new book by Yanis Varoufakis, Technofeudalism - What Killed Capitalism, has recently been published. Do you remember Varoufakis? In early 2015, at the height of the Greek debt crisis, the little-known (at the time) university lecturer was appointed finance minister and quickly became a star. He was certainly not the first to oppose the so-called Washington Consensus and neoliberalism in economics, but he was perhaps the most eloquent and the most extreme in his criticism, backed by a deep knowledge of the workings of the modern market economy. His time in power was less than half a year, but he will certainly be remembered for a long time. After him, Greece now has its sixth finance minister, but I am sure that even there few people know their names.

I allowed myself this extravagant title as I am still under the strong impression of one of his previous books, The Global Minotaur, in which Varoufakis examines economic history and crises, focusing on the role of the US in the post-World War II global economy. The author uses the myth of the Minotaur as a metaphor to explain the complex system of global financial flows that fuelled the US economy and contributed to the accumulation of global economic imbalances that ultimately led to the global financial crisis of 2007-2009.

How to cite this article

Yotzov, V. (2024). Yanis sreshtu Minotavara: legendata prodalzhava (Yanis against the Minotaur: the Legend Continues). Economic Thought Journal, 69(1), 116-127, (in Bulgarian). https://doi.org/10.56497/etj2469107