Synopsis
George Soros applies his experience in the world of finance to explain what is happening in the collapsing global economy. The Russian economy has collapsed leading to inflation and economic hardship; scores of Japanese banks are in ruin; the once-booming economies of Thailand, Malaysia and Indonesia have imploded; and even in Europe and America, the markets lurch violently, wiping out gains each week. Soros dissects the crisis and economic theory, revealing how theoretical assumptions have combined with human behaviour to lead to today's calamities. He shows how unquestioning faith in market forces causes blindness to crucial instabilites, and how those instabilities have chain-reacted to cause the economic crisis which, he argues, still has the potential to get much worse. Soros offers solutions to this global meltdown.
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About the Author
George Soros is chairman of Soros Fund Management and is the founder of a global network of foundations dedicated to supporting open societies. He is the author of several bestselling books including The Crash of2008: The New Paradigm for FinancialMarkets; The Crisis of GlobalCapitalism; The Bubble of AmericanSupremacy; Underwriting Democracy; and The Age of Fallibility. He was born in Budapest and lives in New York City.
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The Crisis of Global Capitalism [Open Society Endangered]
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