Daedalus Daedalus, and he to Hephaestus, son of Zeus." This suggests that Daedalus was related to Hephaestus, the god of blacksmiths, and therefore to Zeus himself. Daedalus is first mentioned by Homer as the creator of a wide dancing-ground for Ariadne. He also created the Labyrinth on Crete, in which the Minotaur (part man, part bull) was kept. In the story of the labyrinth as told by the Hellenes, the Athenian hero Theseus is challenged to kill the Minotaur, finding his way with the help of Ariadne's thread. Daedalus' appearance in Homer is in an extended metaphor, "plainly not Homer's invention",
The Global Minotaur took on the role of a 'Global Minotaur'. America was now a deficit nation with a significant trade and budget deficit, which it was able to maintain due to the flow of capital from the world's surplus nations into Wall Street. To explain why capital was invested in America in this way, Varoufakis outlines four 'charismas' of the Minotaur that compelled the world's economy to accept America's new role in the global economy. First the status of the dollar as the world's reserve currency, and as the currency in which energy was denominated. Second, rising global energy costs due to