Slaying the global Minotaur

A new Substack post about former Greek Finance Minister Yanis Varoufakis’s idea of the Global Minotaur, whereby the United States imports goods from China and northern Europe, and in return China invests the earnings in American finance and property.

I think the idea of a supposed race between two great nations might be overdone, and that the interests of China and the US are linked in such a way that there won’t soon be “a confrontation with China that casts doubt on our species’ long-term prospects” as Varoufakis says.

Theseus Fighting the Minotaur , model n.d., cast 1857/1873, Antoine-Louis Barye, US National Gallery of Art, Washington D.C.