Reblogged: A world without the Global Minotaur: Why is the world economy failing to recover?

by Ares Kalandides

This blog entry by Yanis Varoufakis in his own blog, though not directly linked to place management, contains such interesting thoughts on the economic co-dependencies between places that I have found it absolutely relevant. Indeed, one of my main points of criticism of a lot of place-related research is that it tends to look at places only as competing entities, ignoring all the other complex relations that bound them together.

Yanis Varoufakis

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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