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Who's in Charge Here?: How Governments Are Failing the World Economy (an eSpecial from Riverhead Books) by [Beattie, Alan]
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Who's in Charge Here?: How Governments Are Failing the World Economy (an eSpecial from Riverhead Books) Kindle Edition

4.0 out of 5 stars 4 customer reviews

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Length: 86 pages Word Wise: Enabled Enhanced Typesetting: Enabled
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Editorial Reviews

Review

A thorough examination of economies from the age of empire to the age of the IMF. Beattie's analysis dazzles with particulars

Product Details

  • File Size: 372 KB
  • Print Length: 86 pages
  • Publisher: Riverhead Books (March 1, 2012)
  • Publication Date: March 1, 2012
  • Sold by: Penguin Group (USA) LLC
  • Language: English
  • ASIN: B0079E3QXS
  • Text-to-Speech: Enabled
  • X-Ray:
  • Word Wise: Enabled
  • Lending: Not Enabled
  • Enhanced Typesetting: Enabled
  • Amazon Best Sellers Rank: #1,211,013 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
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Customer Reviews

Top Customer Reviews

Format: Kindle Edition
Compact book full of excellent insights into the how governments and international organisations charged with running the global economy are not really cut out for the task at hand.

The World Bank (aptly described as a global clearing house of expertise about water management in developing countries), the IMF, The Fed, ECB and governments across the developed world all have a critical mirror held up to their crisis response.

The author is critical, but fair. The book contains enough humour to stop it sounding like a rant, and suggests enough solutions to stop it becoming a litany of complaints.

An excellent read, recommend highly to any who are interested in how we got here, and what we should do to move forward.
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Format: Kindle Edition Verified Purchase
Finally, an incisive narrative analysis of the world economy since 2008 that is not padded or diluted by the need to write to a length pre-ordained by the conventions of traditional print publishing. Beattie makes some great points (e.g., only a fool would 'group' the BRICs when, for example, agriculture in Brazil and India have such different political profiles) and commits some impardonable sins (spare me the Roman Empire analogies), but his big idea is right, even if his grasp of it is understandably uncertain.

He writes like a professional journalist (which he is) instead of a privately published trustafarian (which seems to be the model of the blogosphere), so the BMI of his little tract is respectable rather than flabby, unlike much of what pundits spew these days. And when he's done he stops. Hallelujah!
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Format: Kindle Edition Verified Purchase
This brief book is just the pithy, informative, ever-so-British explanation that you'd expect from a journalist for the Financial Times. My only disappointment was that it focused on the G20/IMF/politician parts of the system and missed the role of the Basel-based agencies, including not only the Basel Committee but more particularly the burgeoning Financial Stability Board. It would have been good to see some discussion of the FSB and how it both shapes and delivers parts of the G20 agenda.
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Format: Kindle Edition
To Beattie, it is irrelevant if a government is spending more than it can ever pay back. As long as printing money appears to be the nice short-term solution, then that is what should be done. Ignore medium and long-term consequences of kicking-the-can-down-the-road so it multiplies 10-fold.

I like that Alan always thinks in structural concepts, but in this case, when you build that on a foundation of Keynesianism you can only reach horribly incorrect conclusions.

I have been a fan of several of Beattie's FT articles but this is a cannon shot in the wrong direction: beware of friendly fire!
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