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 taking advantage of its position in the age of the Global Minotaur to build up colossal amounts of private money on the back of its profits in a process of 'financialisation', which then collapsed as it became unsustainable. Crucially, the crash caused the Global Minotaur to be wounded as America's banking sector was no longer able to attract sufficient capital to balance the USA's twin trade and budget deficits. With the newfound lack of a global surplus recycling mechanism Varoufakis considers possible future alternatives in a postscript published in the 2015 second edition of the book. He considers the possibility