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The Unfair Trade: How Our Broken Global Financial System Destroys the Middle Class Hardcover – Deckle Edge, May 29, 2012
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"A compelling indictment of our global financial system. If you think the size, structure, and incentives of our biggest banks are not a cause for concern, you have not been paying attention. Michael Casey will set you straight." ―Simon Johnson, Professor of Entrepreneurship at MIT Sloan School of Management and co-author of 13 Bankers and White House Burning
"The financial crisis is more than a story of complex securities and big banks. It is a global crisis and, for all too many, a personal tragedy. Michael Casey succeeds in making these connections like few others." —Barry Eichengreen, George C. Pardee and Helen N. Pardee Professor of Economics and Political Science, University of California, Berkeley, and author of Exorbitant Privilege.
“A Wall Street Journal managing editor and columnist explains how the distorted policies underlying the global financial system undermine the Average Joes of all nations…A well-reported, deeply serious appraisal of the exceptional damage a dysfunctional system inflicts.” —Kirkus
About the Author
Top Customer Reviews
Mr. Casey takes something of a Thomas L. Friedman approach by finding people around the globe who typify certain situations like foreclosure, bankruptcy, sweatshop work, and outsourcing, and uses these examples to flesh out a broader narrative. There is also a complete analysis of the Euro-zone crisis, the global banking industry, the Federal Reserve, and a great chapter on Iceland's financial collapse and subsequent policy changes that we could all learn from.
A very worthwhile read that can teach all of us to be better stewards of the gifts we've been given.
Most Recent Customer Reviews
Nothing new! Review of current trade distortions. Offers solutions that probably will not happen in light of the fact that it is 2014 and the book was written in 2011.Published on June 2, 2014 by Biblical Reader
I hated graphing in econ and can't stand economic theory but picked this up cuz I wanted to understand how the recession started and if it's going to get any better for the middle... Read morePublished on January 29, 2014 by sparky_magic_rainbow
Most books about the current financial crisis affect populism to varying degrees. Some don't, of course, but this one makes a rather feeble nod in that direction: in its title. Read morePublished on April 24, 2013 by James R. Maclean
The global economy changed everything and it is unfair. Money politics must be destroyed for democracy to flourish. Neo-liberal economics of a free economy is not free to all. Read morePublished on April 7, 2013 by Joseph Oppenheim
The title tells a great deal: "The Unfair Trade: How Our Broken Financial System Destroys trhe Middle Class." The author argues that the (page 5) ". . . Read morePublished on February 9, 2013 by Steven Peterson
The unfair trade is a very good theory on the current state of our dysfunctional financial system, and it's causes. Read morePublished on January 23, 2013 by Sukru Tikves
The Unfair Trade
How Our Broken Financial System Destroys the Middle Class
Michael J. Casey
By Richard E. Read more
Those of us who don't "speak money" have a hard time understanding what happened in the last few years. Read morePublished on December 8, 2012 by David Burch