'The Gods That Failed'
More in WHAT WE'VE BEEN READING
back-up- The Devil's Casino - The High Stakes Games Played Inside Lehman Brothers
- 'No One Would Listen'
- 'On The Brink' - By Hank Paulson
- The Wolf Of Wall Street
- Too Big To Fail
- 'The Sell Out'
- The Greatest Trade Ever
- Last Man Standing - The Ascent of Jamie Dimon and JPMorgan Chase
- 'Madoff With The Money'
- 'A Colossal Failure of Common Sense'
- 'Day One Trader'
- 'Fool's Gold' by Gillian Tett
- 'How I Caused The Credit Crunch'
- 'Chasing Alpha' by Philip Augar
- 'Corporate Governance (Promises Kept, Promises Broken)'
- 'The Subprime Solution'
- 'The Puma Story'
- 'Wealth, War & Wisdom' by Barton Biggs
- 'When Washington Shut Down Wall Street'
- Business Knowledge For IT In Investment Banking
Since the late sixties, control of our economy has passed into the hands of a new elite of super-rich free-market operatives and their colleagues in national and international institutions. These New Olympians, so named because of their remoteness from everyday life and their lack of accountability, are unconcerned with - in fact, hostile to - job security, social tranquillity and the traditional middle class aspiration for both the good life and the quiet life.
Elliott and Atkinson argue that the rule of this financial elite has brought not prosperity, but sluggish growth in living standards, a debt explosion, and now a major crisis of international proportions. It looks like this increasingly risk-prone, privatised, profit-driven economic model, overseen by a largely unaccountable elite, will ultimately cause severe damage to the lives of ordinary people.
The authors articulate that the coming crisis will shatter all remaining faith in the empty dogmas of shareholder value and labor flexibility. The French farmer, the Detroit car worker, and the Cornish fisherman are right. The smooth-talking central banker, hedge-fund manager and trade commissioner are wrong. Markets are not magic. Debt is not freedom. The Gods have failed. It is time to live without them..................
Larry Elliot and Dan Atkinson are Economics Editors of the Guardian and the Daily Mail respectively.
Published by Random House
To purchase this book, please press the link immediately below.
Please use the 'E-Mail' button immediately under the article title to send this item to a friend.
