Saving Capitalism from the Capitalists

Written By Raghuram Rajan
Saving Capitalism from the Capitalists
  • Publsiher : Crown Business
  • Release : 18 February 2003
  • ISBN : 1400049164
  • Pages : 384 pages
  • Rating : 4/5 from 21 reviews
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Read or download book entitled Saving Capitalism from the Capitalists written by Raghuram Rajan which was release on 18 February 2003, this book published by Crown Business. Available in PDF, EPUB and Kindle Format. Book excerpt: Capitalism’s biggest problem is the executive in pinstripes who extols the virtues of competitive markets with every breath while attempting to extinguish them with every action. Saving Capitalism from the Capitalists is a groundbreaking book that will radically change our understanding of the capitalist system, particularly the role of financial markets. They are the catalyst for inspiring human ingenuity and spreading prosperity. The perception of many, especially in the wake of never-ending corporate scandals, is that financial markets are parasitic institutions that feed off the blood, sweat, and tears of the rest of us. The reality is far different. •Vibrant financial markets threaten the sclerotic corporate establishment and increase corporate mobility and opportunity. They are the reason why entrepreneurship flourishes and companies like The Home Depot and Wal-Mart—mere fly specks a quarter of a century ago—have surged as they have. •They mean personal freedom and economic development for more people. Throughout history, and in most of the world today, the record is one of financial oppression. Elites restrict access to capital and severely limit not only general economic development but that of individuals as well. •Open borders help check the political and economic elites and preserve competitive markets. The greatest danger of the antiglobalization movement is that it will keep the rich rich and the poor poor. Globalization forces countries to do what is necessary to make their economies productive, not what is best for incumbent elites. Open borders limit the ability of domestic politics to close down competition and to retard financial and economic growth. •Markets are especially susceptible in economic downturns when the establishment can exploit public anger to restrict competition and access to capital. While markets must be free to practice “creative destruction,” Rajan and Zingales demonstrate the political and economic importance of a sustainable distribution of wealth and a baseline safety net. Capitalism needs a heart for its own good! There are no iron laws of economics that condemn countries like Bangladesh to perpetual poverty or the United States to perpetual prosperity. The early years of the twentieth century saw vibrant, open financial markets that were creating widespread prosperity. Then came the “Great Reversal” during the Great Depression. It can—and will—happen again, unless there is greater understanding of what markets do, who benefits, and who really wants to either limit them or shut them down. Saving Capitalism from the Capitalists breaks free of traditional ideological arguments of the right and left and points to a new way of understanding and spreading the extraordinary wealth-generating capabilities of capitalism.

Saving Capitalism from the Capitalists

Saving Capitalism from the Capitalists
  • Author : Raghuram Rajan,Luigi Zingales
  • Publisher : Crown Business
  • Release Date : 2003-02-18
  • Total pages : 384
  • ISBN : 1400049164
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Summary : Capitalism’s biggest problem is the executive in pinstripes who extols the virtues of competitive markets with every breath while attempting to extinguish them with every action. Saving Capitalism from the Capitalists is a groundbreaking book that will radically change our understanding of the capitalist system, particularly the role of ...

Saving Capitalism

Saving Capitalism
  • Author : Robert Reich
  • Publisher : Icon Books Ltd
  • Release Date : 2016-06-02
  • Total pages : 304
  • ISBN : 1400049164
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Summary : 'A very good guide to the state we’re in' Paul Krugman, New York Review of Books 'A well-written, thought-provoking book by one of America’s leading economic thinkers and progressive champions.' Huffington Post Do you recall a time when the income of a single schoolteacher or baker or ...

Capitalism Contested

Capitalism Contested
  • Author : Romain Huret,Nelson Lichtenstein,Jean-Christian Vinel
  • Publisher : Unknown
  • Release Date : 2020
  • Total pages : 360
  • ISBN : 1400049164
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Summary : Arguing the New Deal order is a product of a particular set of political institutions, social movements, ideological propensities, and legislative initiatives, Capitalism Contested offers an analysis of the degree to which that order persists and the ways in which it has been transcended or overthrown....

Soviet Military Thought

Soviet Military Thought
  • Author : Anonim
  • Publisher : Unknown
  • Release Date : 1970
  • Total pages : 212
  • ISBN : 1400049164
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Summary : Download or read online Soviet Military Thought written by , published by which was released on 1970. Get Soviet Military Thought Books now! Available in PDF, ePub and Kindle....

Nomination of Thomas R Amlie

Nomination of Thomas R  Amlie
  • Author : United States. Congress. Senate. Committee on Interstate Commerce
  • Publisher : Unknown
  • Release Date : 1939
  • Total pages : 390
  • ISBN : 1400049164
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Summary : Download or read online Nomination of Thomas R Amlie written by United States. Congress. Senate. Committee on Interstate Commerce, published by which was released on 1939. Get Nomination of Thomas R Amlie Books now! Available in PDF, ePub and Kindle....

Climate Change and the Nation State

Climate Change and the Nation State
  • Author : Anatol Lieven
  • Publisher : Oxford University Press, USA
  • Release Date : 2020
  • Total pages : 240
  • ISBN : 1400049164
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Summary : "This book has its origins in a growing sense of alarm, of frustration, and of futility. As international efforts to reduce emissions have failed repeatedly to meet their targets, even as warnings by experts about the existential dangers of climate change and the need for haste have grown, I developed ...

Hollowed Out

Hollowed Out
  • Author : David Madland
  • Publisher : University of California Press
  • Release Date : 2015-06-24
  • Total pages : 272
  • ISBN : 1400049164
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Summary : For the past several decades, politicians and economists thought that high levels of inequality were good for the economy. But because America’s middle class is now so weak, the US economy suffers from the kinds of problems that plague less-developed countries. As Hollowed Out explains, to have strong, sustainable ...

Saving Capitalism

Saving Capitalism
  • Author : Pat Choate
  • Publisher : Vintage
  • Release Date : 2009-09-08
  • Total pages : 288
  • ISBN : 1400049164
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Summary : When the U.S. financial structure collapsed in fall 2008, it quickly became clear that our system of market capitalism was broken, endangered by decades of absolutist market dogma, shortsighted policies, and the abandonment of America's working people. Now, as the Obama administration seeks to repair the country's economy, one thing ...

Saving Capitalism and Democracy

Saving Capitalism and Democracy
  • Author : M. Rabie
  • Publisher : Springer
  • Release Date : 2013-05-02
  • Total pages : 209
  • ISBN : 1400049164
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Summary : Saving Capitalism and Democracy tries to answer the difficult questions posed by intellectuals, the media, politicians, students and ordinary people concerning the crisis and how to avert an impending catastrophe....

Saving Capitalism From Short Termism How to Build Long Term Value and Take Back Our Financial Future

Saving Capitalism From Short Termism  How to Build Long Term Value and Take Back Our Financial Future
  • Author : Alfred Rappaport,John C. Bogle
  • Publisher : McGraw Hill Professional
  • Release Date : 2011-08-19
  • Total pages : 240
  • ISBN : 1400049164
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Summary : Conquering the obession with short-term profits is critical to the future of business, society, and capitalism itself—Alfred Rappaport presents a game plan every business leader should read “As Rappaport keeps on speaking out for the realities surrounding investment and speculation, our society will profit as it builds on his ...

Railway Age

Railway Age
  • Author : Anonim
  • Publisher : Unknown
  • Release Date : 1936-07
  • Total pages : 212
  • ISBN : 1400049164
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Summary : Download or read online Railway Age written by , published by which was released on 1936-07. Get Railway Age Books now! Available in PDF, ePub and Kindle....

Unity

Unity
  • Author : Anonim
  • Publisher : Unknown
  • Release Date : 2008
  • Total pages : 212
  • ISBN : 1400049164
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Summary : Download or read online Unity written by , published by which was released on 2008. Get Unity Books now! Available in PDF, ePub and Kindle....

The Western Socialist

The Western Socialist
  • Author : Anonim
  • Publisher : Unknown
  • Release Date : 1947
  • Total pages : 212
  • ISBN : 1400049164
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Summary : Download or read online The Western Socialist written by , published by which was released on 1947. Get The Western Socialist Books now! Available in PDF, ePub and Kindle....

Journal of Economic Literature

Journal of Economic Literature
  • Author : Anonim
  • Publisher : Unknown
  • Release Date : 2006-06
  • Total pages : 212
  • ISBN : 1400049164
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Summary : Download or read online Journal of Economic Literature written by , published by which was released on 2006-06. Get Journal of Economic Literature Books now! Available in PDF, ePub and Kindle....

Saving Energy Growing Jobs

Saving Energy  Growing Jobs
  • Author : David B. Goldstein (Ph.D.)
  • Publisher : Bay Tree Pub
  • Release Date : 2007
  • Total pages : 333
  • ISBN : 1400049164
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Summary : Examines the argument used by antienvironmentalists that a clean environment requires unacceptable harm to economic well-being and argues that environmental regulations can promote economic development....