The Gods That Failed: How Blind Faith in Markets Has Cost Us Our Future

by Atkinson, Dan

• ISBN13: 9781568584409
• ISBN10: 1568584407
• Format: Paperback
• Copyright: 2010-04-06
• Publisher: Perseus Books Group

Summary

The Gods That Failed tells the story of the financial elitethe Wall Street and City of London high rollers and their ideological allies in the academythat has brought us to financial collapse. It shows how over the past three decades, democratic governments have ceded control of the world economy to a new elite of super-rich, free-market operatives and their colleagues in national and international institutions such as the IMF, the World Bank, and the World Trade Organization. This new elite promised economic stability but delivered chaos. It promised the bracing air of financial freedom, but in the end relied on a taxpayer bailout. The Gods Thai Failed, a lively and forensic examination of these latter-day masters of the universe, offers a series of bold proposals on how to reform our financial systemand stave off a new Depression. Book jacket.

Author Biography

Larry Elliott and Dan Atkinson are economics editors of The Guardian and The Mail on Sunday, respectively. They are the coauthors of The Age of Insecurity. They live in London.

Table of Contents

Under the Volcano	p. 1
1929–1913–20??
The Rock and the Bear	p. 27
A Tale of Two Banks
Let's Go Round Again	p. 49
The Free Marketeers' Sixty Years War
Sunday, Monday, Happy Days	p. 87
The Goldilocks Economy
The Rainy Season	p. 107
Middle America Feels the Squeeze
The Odd Couple	p. 131
Alan Greenspan, Gordon Brown, and the World's Biggest Bubble
Here There Be Monsters	p. 159
The Perils Lurking in the Uncharted Waters of the Financial Markets
Last Tango on Wall Street	p. 189
The Fall of the “American Miracle”
Thunder in the West	p. 217
Scanning the Horizon for the Perfect Storm
After the Gold Rush	p. 243
How the New Populism Makes the Financial System Safer, Gives Ordinary People a Bigger Slice of the Cake, and Puts the New Olympians Back in Their Cage
Afterword	p. 273
Index	p. 277
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