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Did Greed Kill Capitalism? [Kindle Edition]

Jack R. Williams
4.7 out of 5 stars  See all reviews (3 customer reviews)

Kindle Price: $5.99

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Book Description

American capitalism changed fundamentally after 1980. Aggressive deregulation, privatization, entitlements, greed and creative financing have since generated a chaotic market and drove America into astonishing debt as a fraction of GDP. This must be reformed.

Simultaneously, the world has innovated and invented itself into an Information Revolution, analogous to the earlier Industrial Revolution. Electronics has been the primary basis for this evolution since WWII. It has become a phenomenal success resulting in advanced computers, communications technology and other enrichments. What was an analog triode amplifier early on has become billions of digital triodes deposited on a single chip and these increase the power of every machine today. They even promise architectures at the atom scale in the near future. Electronics technology structures this new information world and creates great wealth. However, balancing this wealth with the unreformed debt load may be beyond it.

Laws push to the left with entitlements and welfare and to the right with greed, corporate theft and a narrow distribution of wealth. Benefits and stock options dilute stockholder ownership constituting a sophisticated theft. These constraints leave little room for the invisible hand of a free market. An existential greed, or a greed cabal, now threatens capitalism as never before. American capitalism must be reformed and strengthened to survive this assault. This book explains this and unravels the nexus between greed, debt, technology, wealth and free markets.

Product Details

  • File Size: 1133 KB
  • Print Length: 430 pages
  • Publisher: Fideli Publishing, Inc. (January 12, 2012)
  • Sold by: Amazon Digital Services, Inc.
  • Language: English
  • ASIN: B006X3CLVO
  • Text-to-Speech: Enabled
  • X-Ray:
  • Word Wise: Not Enabled
  • Lending: Enabled
  • Amazon Best Sellers Rank: #1,095,927 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
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Customer Reviews

4.7 out of 5 stars
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1 of 1 people found the following review helpful
5.0 out of 5 stars Debt and Information Revolution February 3, 2012
By Dutch
Format:Kindle Edition
This book indicates the debt world has overtaken us. To someone with limited knowledge of ecomomics and technology this is a scary thought but the book goes on to help us solve the problem if we work at it. I loved the optimisium that I found here and I loved the way it was presented. The book gives a different view of finance and how the world works. This is a book that eaveryone who is interested in the world state of affairs and where we are in it, should take the time to read.
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4.0 out of 5 stars Gary Naiman Review October 30, 2012
By Last-
Format:Kindle Edition|Verified Purchase
Toffler's "Future Shock" sixty years later . . .

I was impressed with Mr. William's sweeping analysis of our nation's economic
decline, its causes, and unless altered, its inevitable outcome. This is not a
book for readers looking for entertainment. In fact, if I were a younger man, I
would actively campaign for its inclusion in every university's financial
curriculum. It offers a thoughtful, unbiased perspective on why our nation's
once-promising economic system has failed its people.

In his in-depth analysis, Mr. Williams draws an interesting parallel between the
explosion of technology since the 1980's and its impact on our burgeoning
national debt in that same period. He explores in great detail the blessings and
evils spawned by the advent of computers, telecommunications, and robotics, and
how these increasingly sophisticated systems have been manipulated by an elitist
plutocracy driven by insatiable greed, at the expense of the rest of us.

As for the future, Mr. William's prognosis is not promising as our masses have
also been caught up in a never ending quest for wealth at the expense of
unabated debt that threatens to bring us down. I was particularly taken by his
likening of our current debt crisis to the world's biggest ponzi scheme.

Throughout the book, Williams presents his supporting arguments in great detail
through discussions of every facet of our economy ranging from the industrial
age to the service age to the age of technology. In each argument, Mr. Williams
explores the impact of this "future shock" on our economy, society, class
structure, and value systems.
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5.0 out of 5 stars DID GREED KILL CAPITALISM? March 12, 2012
Format:Hardcover
This book is basically a wonderful summary of our world's economic status. Mr. Williams has analyzed our financial condition and suggested some things to be accomplished in order to improve the debt culture, which we have experienced. He reminds us that Congress repealed the Glass-Stegall Act in 1999. At that time many local banks with confused regulator requirements became "Wild West Shows" as holding companies. Our stock market brought in billions of investment dollars and investors were disappointed as most of them saw their money completely disappear as the CEOs had their salaries increased from 300 -500 percent, while workmen had their salaries raised only 3 - 5 percent per year. CEOs gave themselves stock options which diluted the value of many of the investors'stocks.
The national debt was rather stable with Gross Domestic Product (GDP) during 1900 - 1980. But with the growth of the personal computer age and technology, the national debt has quadrupled in the last 30 years, the Great Debacle. The Greed Debacle led to The Savings and Loan Bubble. This Bubble cost the taxpayer billions and Dot Com Bubble costing hundreds of billions and Mortgage Bubble trillions by halving real estate vallues.
The author has outlined many needed reforms in the final chapter. For example, no stock options should serve as a bonus salary payment to the CEOs. Bonuses should be expensed pay-outs and reported as ordinary income for taxation. No options that dilute stock ownership should be granted. Perks should be eliminated as well as no long term stock ooptions. Banks and Companies should be allowed to go into bankruptcy even if they appear too big to fail. Severe limits should control lobbyist's efforts in State, Federal, and Local Governments.
I would recommend this book as parallel reading college economic courses and ALL POLITICIANS.
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More About the Author

Jack Williams has advanced degrees in Electrical Engineering and Economics. He has published over 20 peer-review papers in technical journals and elsewhere. These were on statistical detection and information theory and conceptualized mostly military machines in radar, sonar, intelligence and communications. Several countries deploy these. He flew as an aircrew member in the U.S. military for four years and made worldwide deployments. He supported and lived with the Chinese Air Force in Taiwan for three years. He served on NATO's Armament Committee in a multinational NATO frigate design for two years. He has also traveled widely in support of U.S. and other militaries and on commercial business. He was a designer on both Low-Flyer and High-Flyer intelligence aircraft and on missiles and satellites.


http://www.amazon.com/gp/aw/d/1604143185



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