The Corruption of Capitalism: A Strategy To Rebalance The Global Economy And Restore Sustainable Growth

by Richard Duncan

Overview

About The Corruption of Capitalism: The global economy is in crisis. The financial system has failed, international trade has contracted sharply and unemployment has soared. Only a multi-trillion dollar government intervention is preventing a worldwide breakdown on the scale of the Great Depression. In The Corruption of Capitalism, Richard Duncan provides a clear and comprehensive explanation of how this calamity came about. He also offers a strategy to permanently resolve it. The book is divided into three parts.

Part I describes the present state of the global economy and the government life support keeping it afloat.

Part II details the long series of US policy mistakes responsible for this disaster.

Part III outlines the actions required to restructure the US economy and restore global economic growth. Capitalism has been corrupted by paper money and debt. Sustainable prosperity will require a return to economic orthodoxy. This book maps the way back.

Product Details

BN ID:	2940013574311
Publisher:	Richard Duncan
Publication date:	06/11/2011
Sold by:	Barnes & Noble
Format:	eBook
Pages:	214
File size:	704 KB

About the Author

Richard Duncan has written two books on the global economic crisis. The Dollar Crisis: Causes, Consequences, Cures (John Wiley & Sons, 2003, updated 2005) predicted the crisis with extraordinary accuracy and explained why the global economic collapse was inevitable given the flaws inherent in the post-Bretton Woods international monetary system. It was an international bestseller. The Corruption of Capitalism (CLSA Books, December 2009) describes the government life-support keeping the global economy afloat and details the long series of US policy mistakes responsible for this disaster. It also outlines the actions required to restructure the US economy and restore global economic growth.

Since beginning his career as an equities analyst in Hong Kong in 1986, Richard has served as global head of investment strategy at ABN AMRO Asset Management in London, worked as a financial sector specialist for the World Bank in Washington D.C., and headed equity research departments for James Capel Securities and Salomon Brothers in Bangkok. He also worked as a consultant for the IMF in Thailand during the Asia Crisis. He is now chief economist at Blackhorse Asset Management in Singapore.

Richard has appeared frequently on CNBC, CNN, BBC and Bloomberg Television, as well as on BBC World Service Radio. He has published articles in The Financial Times, The Far East Economic Review, FinanceAsia and CFO Asia. He is also a well-known speaker whose audiences have included The World Economic Forum’s East Asia Economic Summit in Singapore, The EuroFinance Conference in Copenhagen, The Chief Financial Officers’ Roundtable in Shanghai, and The World Knowledge Forum in Seoul.

Richard studied literature and economics at Vanderbilt University (1983) and international finance at Babson College (1986); and, between the two, spent a year travelling around the world as a backpacker.

Editorial Reviews

Richard Duncan’s well-researched and highly readable book demystifies the belief that the Fed “solves” problems, when in fact it’s directly responsible for the present crisis. Full of interesting figures and insightful comments, The Corruption of Capitalism will greatly broaden investors’ knowledge. It is a must-read for those who wish to preserve their children’s wealth.
- Dr Marc Faber, The Gloom, Boom & Doom Report

Marc Faber

An easy-to-read guide to understanding how and why the US response to its self-inflicted crisis addresses symptoms not causes. This is a timely call for radical steps to rescue capitalism from financial and governmental follies.
- Philip Bowering, International Herald Tribune

Philip Bowering

The Corruption of Capitalism presents a lucid and original argument
about the causes of financial instability, including the continuing
global recession; and lays out a bold agenda for structural reform,
national and international. Anyone who enjoys the company of an
articulate, provocative, off-beat intelligence will want to read it. And
pick a fight with it.
- Robert H. Wade, professor of political economy, London School of
Economics

Robert Wade