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Was the financial collapsecaused by free-market capitalismand deregulation run amok,as liberals claim?
Not on your life, says Peter Schweizer. In Architects of Ruin, Schweizer describes how a coalition of left-wing activists, liberal politicians, and “do-good capitalists” on Wall Street leveraged government power to achieve their goal of broadening homeownership among minorities and the poor. The results were not only devastating to the economy, but hurt the very people they were supposedly trying to help.
This tale of liberal “Robin Hood capitalism run wild” has never beentold. But more than just a story about the past, Architects of Ruin is also an urgent warning about the future. The very same people who planted the seeds of the collapse are back in Washington, determined to use the crisis they caused as cover for a massive overhaul of the American economic system. These people have learned nothing from their past mistakes and are busy applying the same methods to other sectors of the economy—health care, the auto industry, real estate (again!), and above all the promotion of“green” technologies—inflating bubbles that are sure to bring about another crisis. Ordinary Americans who foot the bill for the last state-capitalist bubble have reason to be afraid—very afraid—of the inevitable result.--This text refers to the Paperback edition.
While Schweizer focuses his attentions on the corruption of Washington DC Democrats, he also earns credibility by acknowledging and exposing a fair number of Republican misdeeds as... Read morePublished 2 months ago by R. Holt
The truth about the financial melt down. read it and watch this repeat as we watch. Guard your money dearly.Published 4 months ago by Dave Gingrich
Cogent, quite readable, very compelling. Filled with facts and figures that make it a good reference source for data. Thorough citations to verifiable published information. Read morePublished 9 months ago by Stu V.T.
Schweizer comes at it from a right-wing stance, so you need to filter out his bias if you want to understand just how bipartisan the rampant, legal corruption of Congress that... Read morePublished 9 months ago by Edward Holcroft
I knew the Liberals in Govt and Professional Activists were responsible for the financial market meltdown of 2008, but, I learned just how deep it really went.... Read morePublished 10 months ago by michael pagliughi
This should be a must read for every American. Really good insight as to how the political system works in our country. Very enlighteningPublished 11 months ago by Buddies mom
This is a long and detailed essay on what economists call "moral hazard". Laws are passed which create opportunity for diverse groups, and the proponents only see the... Read morePublished 11 months ago by normbenign