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The Corruption of Capitalism: A Strategy To Rebalance The Global Economy And Restore Sustainable Growth - Softcover
Synopsis
The global economy is in crisis. The financial system has failed, international trade has contracted sharply and unemployment has soared. Only a multi-trillion dollar government intervention is preventing a worldwide breakdown on the scale of the Great Depression. In The Corruption of Capitalism, Richard Duncan provides a clear and comprehensive explanation of how this calamity came about. He also offers a strategy to permanently resolve it. The book is divided into three parts. Part I describes the present state of the global economy and the government life support keeping it afloat. Part II details the long series of US policy mistakes responsible for this disaster. Part III outlines the actions required to restructure the US economy and restore global economic growth. Capitalism has been corrupted by paper money and debt. Sustainable prosperity will require a return to economic orthodoxy. This book maps the way back.
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About the Author
Richard Duncan is the author of The Dollar Crisis: Causes, Consequences, Cures, an international bestseller that predicted the current global economic disaster with extraordinary accuracy. Since beginning his career as an equities analyst in Hong Kong in 1986, Richard has served as global head of investment strategy at ABN AMRO Asset Management in London, worked as a financial sector specialist for the World Bank in Washington D.C., and headed equity research departments for James Capel Securities and Salomon Brothers in Bangkok. He also worked as a consultant for the IMF in Thailand during the Asia Crisis. He is now chief economist at Blackhorse Asset Management in Singapore. Richard studied literature and economics at Vanderbilt University (1983) and international finance at Babson College (1986); and, between the two, spent a year travelling around the world as a backpacker.
Review
Richard Duncan s well-researched and highly readable book demystifies the belief that the Fed solves problems, when in fact it s directly responsible for the present crisis. Full of interesting figures and insightful comments, The Corruption of Capitalism will greatly broaden investors knowledge. It is a must-read for those who wish to preserve their children s wealth. --Dr Marc Faber, The Gloom, Boom & Doom Report
An easy-to-read guide to understanding how and why the US response to its self-inflicted crisis addresses symptoms not causes. This is a timely call for radical steps to rescue capitalism from financial and governmental follies. --Philip Bowering, International Herald Tribune
A lucid and original argument about the causes of financial instability, including the continuing global recession; the book lays out a bold agenda for structural reform, national and international. Anyone who enjoys the company of an articulate, provocative, off-beat intelligence will want to read it. And pick a fight with it. --Professor Robert H Wade, London School of Economics
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- PublisherRichard Duncan
- Publication date2011
- ISBN 10 0615485928
- ISBN 13 9780615485928
- BindingPaperback
- Number of pages214
- Rating
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Paperback. Condition: Used: Acceptable. Condition good. ref ZKVQ The global economy is in crisis. The financial system has failed, international trade has contracted sharply and unemployment has soared. Only a multi-trillion dollar government intervention is preventing a worldwide breakdown on the scale of the Great Depression. In The Corruption of Capitalism, Richard Duncan provides a clear and comprehensive explanation of how this calamity came about. He also offers a strategy to permanently resolve it. The book is divided into three parts. Part I describes the present state of the global economy and the government life support keeping it afloat. Part II details the long series of US policy mistakes responsible for this disaster. Part III outlines the actions required to restructure the US economy and restore global economic growth. Capitalism has been corrupted by paper money and debt. Sustainable prosperity will require a return to economic orthodoxy. This book maps the way back. Editorial Reviews Review Richard Duncan s well-researched and highly readable book demystifies the belief that the Fed solves problems, when in fact it s directly responsible for the present crisis. Full of interesting figures and insightful comments, The Corruption of Capitalism will greatly broaden investors knowledge. It is a must-read for those who wish to preserve their children s wealth. --Dr Marc Faber, The Gloom, Boom & Doom Report An easy-to-read guide to understanding how and why the US response to its self-inflicted crisis addresses symptoms not causes. This is a timely call for radical steps to rescue capitalism from financial and governmental follies. --Philip Bowering, International Herald Tribune A lucid and original argument about the causes of financial instability, including the continuing global recession; the book lays out a bold agenda for structural reform, national and international. Anyone who enjoys the company of an articulate, provocative, off-beat intelligence will want to read it. And pick a fight with it. --Professor Robert H Wade, London School of Economics About the Author Richard Duncan is the author of The Dollar Crisis: Causes, Consequences, Cures, an international bestseller that predicted the current global economic disaster with extraordinary accuracy. Since beginning his career as an equities analyst in Hong Kong in 1986, Richard has served as global head of investment strategy at ABN AMRO Asset Management in London, worked as a financial sector specialist for the World Bank in Washington D.C., and headed equity research departments for James Capel Securities and Salomon Brothers in Bangkok. He also worked as a consultant for the IMF in Thailand during the Asia Crisis. He is now chief economist at Blackhorse Asset Management in Singapore. Richard studied literature and economics at Vanderbilt University (1983) and international finance at Babson College (1986); and, between the two, spent a year travelling around the world as a backpacker. Size: 8.9 x 5.9 x 0.8 inches. Seller Inventory # 24884
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