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“Indeed, a persuasive case can be made that [the Minotaur] played a major part in the defeat of America’s greatest foes â€� the Soviet Union and its satellites, as well as those non-aligned Third World regimes that had become too uppity in the 1960s. Key to this triumph was not so much the successful pursuit of the arms race, but rather the humble US interest rates â€� those very same rates whose phenomenal rise under Paul Volcker had assisted the Global Minotaur’s birth.”
― Yanis Varoufakis, The Global Minotaur: America, the True Origins of the Financial Crisis and the Future of the World Economy

“It is not at all an exaggeration to suggest that the Third World debt crisis was the colonized world’s second historic disaster (after the brutal experience of colonization and the associated slave trade). In fact, it was a disaster from which most Third World countries have never quite recovered.”
― Yanis Varoufakis, The Global Minotaur: America, the True Origins of the Financial Crisis and the Future of the World Economy