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The Coming First World Debt Crisis Paperback – November 28, 2006
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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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Top Customer Reviews
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.
I heard Pettifor interviewed on PBS not long after her book was published and immediately bought it. This book and a few others prepared me for the crash of '08. They have also prepared me psychologically for a worst possible case scenario. Should that come about, blaming any one or more persons or institutions will be a waste of mental and emotional energy.
Another great book is James Rickard's Currency Wars: The Making of the Next Global Crisis. Currency wars and debt, both sovereign and private, are inextricably intertwined; they are spinning-up with the specter of producing the perfect global financial storm. Both books should be required reading for high school seniors and college freshman. While both might be classed as products of academia, Rickards has had his feet on the ground for decades. I can't remember Pettifor's background.
A reading of these two books along with two or three that Andrew Bacevich has authored (e.g. The Limits of Power: The End of American Exceptionalism) imbues the reader with pertinent knowledge that 99.999 percent of bankers and politicians don't have but need. Reading and passing a legitimate quiz on the subject matter should be required as a condition to hold office and be banker, financial advisor, accountant or lawyer and probably some other professions.
Most Recent Customer Reviews
Dr. Pettifor sums up in quick reading what has really been going on in finance and economy.
How was she able to get the G8 or EU to 'forgive billions in debt owed by... Read more
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 Muse