Book picks similar to
Why Not Default?: The Political Economy of Sovereign Debt by Jerome Roos
The End of Loser Liberalism: Making Markets Progressive
Dean Baker - 2011
They have been losing not just because conservatives have so much more money and power, but also because they have accepted the conservatives’ framing of political debates. They have accepted a framing where conservatives want market outcomes whereas liberals want the government to intervene to bring about outcomes that they consider fair.This is not true. Conservatives rely on the government all the time, most importantly in structuring the market in ways that ensure that income flows upwards. The framing that conservatives like the market while liberals like the government puts liberals in the position of seeming to want to tax the winners to help the losers. This "loser liberalism" is bad policy and horrible politics. Progressives would be better off fighting battles over the structure of markets so that they don't redistribute income upward. This book describes some of the key areas where progressives can focus their efforts in restructuring market so that more income flows to the bulk of the working population rather than just a small elite.
Eurotragedy: A Drama in Nine Acts
Ashoka Mody - 2018
Then, in 1969, they took an astonishingly ill-advised leap toward a single currency--requiring a single monetary policy for vastly divergent economies. This was economic folly, critics untiringly warned. Worse, it carried the seeds of political division. Europe's leaders went forward unheeding. January 1999: the tragedy of the euro began.Blending economic analysis with political drama, EuroTragedy: A Drama in Nine Acts is a groundbreaking account of the euro's history and tragic consequences. In this vivid and compelling chronicle, Ashoka Mody describes how the euro improbably emerged through a narrow historical window as a flawed compromise wrapped in a false pro-European rhetoric of peace and unity. Drawing on his frontline experience, Mody situates the tragedy in a fast-paced global context and guides the reader through forced--and unforced--errors eurozone authorities committed during their long financial crisis.The euro unfolded as both economic and political tragedy. It weakened the growth potential of member states, which made financially vulnerable Europeans more anxious. It deepened the sense of unfairness and widened the division between nations. Now, the burden falls on younger Europeans, a generation with a discouragingly bleak future.A compassionate view of European possibilities, EuroTragedy makes clear that the euro's structural flaws will continue to haunt the continent--especially along cracks in the Italian economy. Instead of centralizing authority to prop up an ossified pro-Europeanist model, it is time to loosen ties that bind too tightly so that a liberal order can once more flourish.
The Tragedy of the European Union: Disintegration or Revival?
George Soros - 2014
Xenophobia is rampant and commonly reflected in elections across the continent. Great Britain may hold a referendum on whether to abandon the union altogether. Spurred by anti-EU sentiments due to the euro crisis, national interests conflict with a shared vision for the future of Europe. Is it too late to preserve the union that generated unprecedented peace for more than half a century? This is no mere academic question with limited importance for America and the rest of the world. In the past decade, the EU has declined from a unified global power to a fractious confederation of states with staggering unemployment resentfully seeking relief from a reluctant Germany. If the EU collapses and the former member states are transformed again from partners into rivals, the US and the world will confront the serious economic and political consequences that follow. In a series of revealing interviews conducted by Dr. Gregor Peter Schmitz, George Soros -- a man of vast European experience whose personal past informs his present concerns -- offers trenchant commentary and concise, prescriptive advice: The euro crisis was not an inevitable consequence of integration, but a result of avoidable mistakes in politics, economics, and finance; and excessive faith in the self-regulating financial markets that Soros calls market fundamentalism inspired flawed institutional structures that call out for reform. Despite the considerable perils of this period, George Soros maintains his faith in the European Union as a model of open society. This book is a testament to his vision for a peaceful and productive Europe.
The End of the Free Market: Who Wins the War Between States and Corporations?
Ian Bremmer - 2010
This trend threatens America's competitive edge and the conduct of free markets everywhere. An expert on the intersection of economics and politics, Ian Bremmer has followed the rise of state-owned firms in China, Russia, the Arab states of the Persian Gulf, Iran, Venezuela, and elsewhere. He demonstrates the growing challenge that state capitalism will pose for the entire global economy. Among the questions addressed: Are we on the brink of a new kind of Cold War, one that pits competing economic systems in a battle for dominance? Can free market countries compete with state capitalist powerhouses over relations with countries that have elements of both systems-like India, Brazil, and Mexico? Does state capitalism have staying power? This guide to the next big global economic trend includes useful insights for investors, business leaders, policymakers, and anyone who wants to understand important emerging changes in international politics and the global economy.
Nuclear Terrorism: The Ultimate Preventable Catastrophe
Graham T. Allison - 2000
But the deadliest form is almost too scary to think about-a terrorist group exploding a nuclear device in an American city.In this urgent call to action, Graham Allison, one of America's leading experts on nuclear weapons and national security, presents the evidence for two provocative, compelling conclusions. First, if policy makers in Washington keep doing what they are currently doing about the threat, a nuclear terrorist attack on America is inevitable. Second, the surprising and largely unrecognized good news is that nuclear terrorism is, in fact, preventable. In these pages, Allison offers an ambitious but feasible blueprint for eliminating the possibility of nuclear terrorist attacks, if we are willing to face the issue squarely.
The Production of Security
Gustave de Molinari - 1849
Indeed, he might be regarded as the first proponent of what is called anarcho-capitalism. Molinari was steeped in the old liberal worldview of Bastiat and hence was a dedicated champion of private property and free markets. But Molinari took matters further to argue that markets were also better at providing the service that the state claimed was its monopoly privilege: the provision of security itself. His singular contribution, then, was to lead us away from the false assumption of Hobbes that somehow the state was necessary to keep society from devolving into chaos. On the contrary, argued Molinari, the voluntary society is the source of order that comes from freedom itself. There is no contradiction or even tension between liberty and security. If free enterprise works well in one sector, it can work well in other sectors too.Molinari was indeed a radical but in the sense that foreshadowed the development of American libertarian thought: a radical for capitalism in all areas of life, which is another way of saying that he was a consistent champion of the fully free society. Perhaps there was a time when people could regard the government monopoly on police and courts as benign, part of the "night watchmen" state advocated by the old-time classical liberals. But the march of the police state has changed that: we are more likely to understand that the state's "security" services are the gravest threat to liberty we face. In that sense, Molinari is the man of the hour.[Description taken from Mises.org]
Basic Income: And How We Can Make It Happen
Guy Standing - 2017
Standing's analysis is vital' Paul Mason'Guy Standing has been at the forefront of the movement for nearly 4 decades, and in this superb and thorough survey he explains how it works and why it has the potential to revitalise life and democracy in our societies. This is an essential book.' Brian EnoShouldn't everyone receive a stake in society's wealth?Could we create a fairer world by granting a guaranteed income to all?What would this mean for our health, wealth and happiness?Basic Income is a regular cash transfer from the state, received by all individual citizens. It is an acknowledgement that everyone plays a part in generating the wealth currently enjoyed only by a few. Political parties across the world are now adopting it as official policy and the idea generates headlines every day. Guy Standing has been at the forefront of thought about Basic Income for the past thirty years, and in this book he covers in authoritative detail its effects on the economy, poverty, work and labour; dissects and disproves the standard arguments against Basic Income; explains what we can learn from pilots across the world and illustrates exactly why a Basic Income has now become such an urgent necessity.
How Capitalism Will Save Us: Why Free People and Free Markets Are the Best Answer in Today's Economy
Steve Forbes - 2009
It's the optimal way to provide for the needs of people & foster the democratic & moral values of a free society. Yet the worst recession in decades has widely & understandably shaken faith in our system. Even before the current crisis, capitalism received a bad rap from a culture ambivalent about free markets & wealth creation. This crisis of confidence is preventing a full recognition of how we got into the mess we're in today—& why capitalism continues to be the best route to prosperity. How Capitalism Will Save Us transcends labels by showing how economies really work. When free people in free markets have energy to solve problems & meet others' needs, they turn scarcity into abundance & innovate. The freedom of democratic capitalism is what enabled Ford to take a plaything of the rich & to make it affordable to workers. In the capitalist system, economic growth doesn't mean more of the same. It's about change increasing overall wealth, giving people better lives.
The Housing Boom and Bust
Thomas Sowell - 2009
The “creative” financing of home mortgages and the even more “creative” marketing of financial securities based on American mortgages to countries around the world, are part of the story of how a financial house of cards was built up—and then suddenly collapsed.The politics behind all this is another story full of strange twists. No punches are pulled when discussing politicians of either party, the financial dangers they created, or the distractions they created later to escape their own responsibility for what happened when the financial house of cards in the financial markets collapsed.What to do, now that we are in the midst of an economic disaster, is yet another story—one whose ending we do not yet know, but one whose outlines and implications are explored to reveal some surprising and sobering lessons.
Cornered : The New Monopoly Capitalism and the Economics of Destruction
Barry C. Lynn - 2009
Which of the four eyeglass stores listed in the directory should you visit first? Don't waste a lot of time deciding; it really doesn't matter. A single, huge international corporation owns three of the four eyeglass stores listed. And the fourth? Out of business. Think you'll try your luck at Sears? Don't bother. The same company you've never heard of controls their eyewear department, too. What appears at first to be a fine example of competitive capitalism in action is, in fact, an immense monopoly in disguise. And it's far from being the only one.In Cornered, journalist Barry C. Lynn paints a genuinely alarming picture: most of our public debates about globalization, competitiveness, creative destruction, and risky finance are nothing more than a cover for the widespread consolidation of power in nearly every imaginable sector of the American economy.Cornered strips the camouflage from the secret world of twenty-first-century monopolies—neofeudalist empires whose sheer size, vast resources, and immense political power enable them to control virtually every major industry in America in an increasingly authoritarian manner. Lynn reveals how these massive juggernauts, which would have been illegal just thirty years ago, came into being, how they have destroyed or devoured their competition, and how they collude with one another to maintain their power and create the illusion of open, competitive markets.The Obama administration has promised more aggressive enforcement on antitrust issues, but Lynn argues that they are missing the forest for the trees. For decades, the federal government has all but encouraged companies to buy one another up, outsource all their production, and make their profits by leveraging their market share. It will take more than a lawsuit or two to overthrow America's corporatist oligarchy and restore a model of capitalism that protects our rights as property holders and citizens.Through stories of real people and real industries, Barry C. Lynn shows how monopolies threaten independent businesses, squelch innovation, degrade the quality and safety of basic products, destabilize our most vital industrial and financial systems, and destroy the very fabric of democracy. Avoiding the partisan cant that has poisoned virtually every important American debate in recent years, he explains how, over the past three decades, leaders of both parties and thinkers across the political spectrum have encouraged and enabled the growth of monopolies. He traces the history of how such now-familiar phrases as "free market" and "consumer welfare" were created and used to pave the way for monopolization. Lynn also demonstrates how the drive for "always lower prices," routinely invoked to justify ruthless practices that might once have landed their perpetrators in jail, makes jobs disappear, puts small businesses out of business, and turns dreams of entrepreneurial success into impossible fantasies.Complete with an entirely fresh set of solutions based on the traditional American approach of empowering the individual citizen, Cornered is both a wake-up call and a call to arms for anyone who believes in democracy, competition, and liberty for all.
The Way the World Works
Jude Wanniski - 1978
Writing with a simplicity and liveliness uncommon to his subject, Wanniski offers a fresh general theory of the world's political evolution that explains how and why economies fail and succeed, now and as far as we can imagine.
Xi Jinping: The Backlash
Richard McGregor - 2019
Finally, he is meeting resistance, both at home among disgruntled officials and disillusioned technocrats, and abroad from an emerging coalition of Western nations that seem determined to resist China’s geopolitical and high-tech expansion. With the United States and China at loggerheads, Richard McGregor outlines how the world came to be split in two.
The Commanding Heights: The Battle for the World Economy
Daniel Yergin - 1998
Across the globe, it has become increasingly accepted dogma that economic activities should be dominated by market forces, not political concerns. With chapters on Europe, the US, Britain, the Third World, the Arab States, Asia, China, India, Latin America, and the former communist countries, Yergin and Stanislaw provide an incisive overview of the state of the economy, and of the battles between governments and markets in each region. Now updated throughout and with two new chapters, The Commanding Heights explains a revolution which is unfolding before our very eyes.