Chapter
Six Explanations for Why It Happened
The Global Minotaur: A First Glimpse
2: Laboratories of the Future
Our Two Great Leaps Forward
Condorcet’s Secret in the Age of Capital
The Paradox of Success and Redemptive Crises
Raising the Stakes: Crashes, Crises and the Role of Finance
Midas Loses His Touch: The Collapse of the Gold Standard
The Two Gremlins: The Labour and Money Markets
Epilogue: Incubation of the Global Plan
The Remarkable Opportunity
The Marshall Plan to Dollarize Europe and Rehabilitate Germany
The European Union and the Japanese Miracle
The Global Plan’s Geopolitical Ideology
American Domestic Policies During the Global Plan
Conclusion: Capitalism’s Golden Age
The Global Plan’s Achilles Heel
Interregnum: The 1970s Oil Crises, Stagflation and the Rise of Interest Rates
The Minotaur’s Four Charismas
A Most Peculiar Global Surplus Recycling Mechanism
Conclusion: The Global Minotaur’s Glittering Triumph
5: The Beast’s Handmaidens
Takeover Fever: Wall Street Creates Metaphysical Values
An Ideology of Cheapness for the Age of Excess: The Walmart Effect
Tainted Houses, Toxic Cash: Wall Street Generates Its Own Private Money
Toxic Theory, Part A: Trickle-Down Politics, Supply-Side Economics
Toxic Theory, Part B: Economic Models and Assorted Delusions
Epilogue: The Writing on the Wall
Chronicle of a Crash Foretold: Credit Crunch, Bailouts and the Socialization of Nearly Everything
Epilogue: The Slide into ‘Bankruptocracy’
7: The Handmaidens Strike Back
With a Little Help from My Friends: The Geithner–Summers Plan
Europe’s Version of the Geithner–Summers Plan
Biting the Hand that Saved Them: The Ugliest Handmaiden at Its Boldest
The Return of Predatory Governance, Vacuous Economics and the Curious Tragedy of Market Fundamentalism
Epilogue: The Worst of Both Worlds
8: The Minotaur’s Global Legacy: The Dimming Sun, the Wounded Tigers, a Flighty Europa and an Anxious Dragon
The Dimming Sun: Japan’s Lost Decades
Wounded Tigers: Japan, America and the South East Asian Crisis
The Deutschmark’s New Clothes
German Reunification and Its Global Significance
First as History, then as Farce: Europe’s Bank Bail-Outs
Tumbling Mountaineers and the Euro Crisis
Why Is Europe Dithering When the Crisis Could Be Resolved Simply and Quickly?
The Dragon Soars, Then Plunges into Angst
Epilogue: Between the West’s Bankruptocracy and the East’s Fragile Strength
9: A World Without the Minotaur
The Global Minotaur Hypothesis: A Summary
The Minotaur Is Dead! Long Live America's Deficits!
The Minotaur's Death in Pictures
America After the Minotaur
Quantitative Easing as the Most Complex Form of Wishful Thinking
Europe After the Minotaur
Self-Restraint and the Dangers of Success
Can the Minotaur Survive?
And Now What? In Search of History's Next Actors
The Global Minotaur
：America, Europe and the Future of the Global Economy
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