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The Coming First World Debt Crisis Paperback – November 28, 2006
Based on seven years of reporting from over a dozen countries, writer Tom Wainwright takes you on an extraordinary journey into the business of being a drug lord. Learn more.
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'This insightful book examines how the current international trade in goods and finance that is making the rich richer and the poor poorer and threatens ecosystem and societal collapse is no accident.' - Jonathan Essex, Green World
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Ultimately the presentation of the flaws in our system that led to the crisis is easily separated from the critique/solutions that Pettifor presents. Pettifor's ideological bent isn't as cut and dry as other reviewers have suggested, people ranging from marxists to libertarians will find suggestions they agree with and others they don't. Even if you aren't amenable to any of the solutions proposed in the book it does such a phenomenal job of outlining the problem that, regardless of your ideological bent, it is well worth your time. If you are looking for an incisive analysis of the underlying flaws that have lately plagued our economy this is the book for you.
How was she able to get the G8 or EU to 'forgive billions in debt owed by "developing" countries?
Because she - and they - know that money is created from nothing.
Therefore, the IMF, World Bank and whoever else didn't lose a dime forgiving those loans.
Yes, other authors have come before her - and we should read those books, as well.
Dr. Pettifor is the most recent eye-witness, and this book is a valuable contribution.
Most Recent Customer Reviews
I bought this book several years ago and now I can't find it. Sure enough, Amazon has it. I had to get it out of England back them. Read morePublished on November 6, 2012 by Doug F
Generally good, but superseded by better books. I wouldn't go as far as giving it just one star as another reviewer had given it. Read morePublished on May 4, 2009 by D. V. S.