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Juggernaut: Why the System Crushes the Only People Who Can Save It Paperback – December 14, 2010
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Top Customer Reviews
First, Juggernaut is a well thought out, level-headed, and refreshingly non-partisan look at the evolution of western political-economic thought from the 1500s and the discovery of the New World to the present. The author discusses Marxian critiques of capitalism, the School of Salamanca, robber-barrons and laissez-faire capitalism, the effects of the division of labor championed by Adam Smith, the interventionism of Keynes, the ascent of money as a preferred medium of exchange, the perils of interdependency created by a closed economic environment, and many more emotionally charged subjects with an admirably dispassionate tone. In each case equal time is given to the benefits and inherent problems of each of the ideas presented. This serves well to define the problems we face in the modern political and economic environment and to illustrate how the US and other developed nations got into their current messes and why there is such great difficulty in untangling them effectively.
Second, in light of this historical and theoretical backdrop, the book puts forth the thesis that the first requirement for a free society to develop and thrive is individual self-sufficiency, the idea that people can't free themselves from a system if they depend on it for their basic survival needs.Read more ›
Why is none of this being talked about, debated, or even acknowledged anywhere: the media, politicians, bankers, real people?
Since that is true, it may be a long and deep decline in American Exceptionalism until people begin to look at our current economic struggles as a transition to a different culture, more focused upon people as people and not as just specialization cogs in an international money system. The transition is radically probably more akin to the Protestant Reformation than anything in more recent history. Serious stuff!
As best as you can make out from the well researched and presented material, if you had to put Morris' economic view in some context, it would probably be Austrian school, but with limited libertarian emphasis, so prevalent in more popular economic writings.
About 75 percent of the book is about what Morris calls the Juggernaut, the remaining 25 percent relate to his solutions, which he truthfully acknowledges is not the focus of the book. That 25 percent is really simplistic, not all that different than the back to land hippie type of understanding of the 1970s, brought up to date with twenty-first century jargon, such as sustainability. That being said it still is unique in that this is not presented in the light of the current progressive, liberal, ecosqueak save the earth mentality, which as a consequence does really doing nothing that relates to the real world out there.Read more ›
For anyone interested in history, the first part, "Wealth," is a fascinating read. Rivaling empires like England and Spain (although Spain gets more coverage) used the American colonies to expand their empire for natural resources and to settle the new land, bringing with them their own financial agencies in the form of royalty-backed financial explorations and the first corporate sponsorships, giving much credit to the Spanish Scholastics of the 16th century. Because less wealthy people--the workers/laborer--worked the resources, the actual wealth fell out of the hands of kings and rulers and slowly more into the hands of the growing aristocratic land and company owners. The industrial revolution changed all that, creating the first American millionaires of the 19th century.
Morse states that for a country to be truly sovereign it must also be independent of other nations. It must have jobs, resources and buying power. All these are plainly described in this book. But it is apparent that what was considered wealthy 150 years ago is no longer considered wealthy today because of the American perspective of wealth--actual possession of money versus belongings--and business practices that were unheard of just fifty years ago.Read more ›
Most Recent Customer Reviews
Have not finished reading this book, so maybe this is not so fair an assessment. Just a bit boring (for me anyway).Published 22 months ago by Suz617
Would have made a great magazine article, which can be said for a great many books these days. Robert Higgs' Crisis and Leviathan makes a better case.Published on August 9, 2013 by John Henrikson
Well written poorly researched point of view similar to "Small is Beautiful" from the 1970s. Same predictions of failure that did not come to pass and this book tries the same... Read morePublished on April 16, 2013 by hiker1
The book is a revelation a minute. Well written and practically explained concepts are immediately understood in the current political-economy.Published on March 15, 2013 by rayman
Every once in a while there's an independent writer that, unencumbered from ties to any institution or publishing company, is free to write on topics that most established pundits... Read morePublished on July 29, 2012 by Juan-Pablo Caceres
Well thought, researched, and beautifully articulated. For subjects which seem dull to the lay, this book is a page turner. Highly recommended.Published on October 25, 2011 by W.S.
The author of Juggernaut has obviously read a great deal and so presents a broad view of the economy from many points of view. Read morePublished on September 24, 2011 by Mark V Anderson
As I read this book, I couldn't help but notice how much of our education is placed in silos. We learn only the major points in history. Read morePublished on August 21, 2011 by Michael Kruse
First, I enjoyed reading this book. I would recommend it as an introduction to economics. The author has weaved together a view of societies current difficulties and solutions to... Read morePublished on July 28, 2011 by Lex Rex