- File Size: 1943 KB
- Print Length: 430 pages
- Publisher: Fideli Publishing, Inc. (January 12, 2012)
- Publication Date: January 12, 2012
- Sold by: Amazon Digital Services LLC
- Language: English
- ASIN: B006X3CLVO
- Text-to-Speech: Enabled
- Word Wise: Enabled
- Lending: Enabled
Amazon Best Sellers Rank:
#3,022,363 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
- #3916 in Kindle Store > Kindle eBooks > Business & Money > Economics > Economic Policy & Development
- #4304 in Kindle Store > Kindle eBooks > Business & Money > Economics > Economic Conditions
- #9522 in Books > Politics & Social Sciences > Politics & Government > Public Affairs & Policy > Economic Policy
Did Greed Kill Capitalism? Kindle Edition
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Top customer reviews
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. He pulls no punches in linking our human
limitations to the technological revolution surrounding us, the latest being
I could go on, but it's best to offer my highest recommendation for this book.
As a writer of fiction, I find this non-fiction analysis of our real-world
dilemma more frightening than anything I have written. I heartily recommend it
for the serious reader.
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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