The Corruption of Capitalism: A strategy to rebalance the global economy and restore sustainable growth 1St edition by Richard Duncan (2009) Perfect Paperback - Softcover

Richard Duncan

Softcover

ISBN 10: 9889894246 ISBN 13: 9789889894245

Publisher: CLSA Books, 2009

Synopsis

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.

About this title

About the Author:

Richard Duncan is the author of The Dollar Crisis: Causes, Consequences, Cures (John Wiley & Sons, 2003), an international bestseller that predicted the current global economic disaster with extraordinary accuracy. This widely acclaimed book has been translated into five languages. It climbed to #17 on Amazon s list of all bestselling books worldwide in June 2003. The updated paperback edition (2005) rose to #10 on the Amazon list in October 2005, and ranked #56 as recently as December 2007.
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 a partner 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 Euromoney Forex Forum in London, 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, in between, spent a year backpacking around the world.
His literary goal is to write one bestselling book a year for then next 30 years.

Review:

A lucid and original argument about the causes of financial instability, including the continuing global recession; the book 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. --Professor Robert H Wade, London School of Economics

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 Bowring, International Herald Tribune

Richard Duncan makes the case in the highly readable Corruption of Capitalism that US dollar cash is losing its purchasing power at an accelerating rate against other assets because of the Fed s expansionary monetary policies. You can print money, you can increase the supply of bonds, you can increase the supply of equities through new issues, but you simply cannot increase the supply of gold and other precious metals at the same rate.
Richard Duncan demystifies in this highly readable book the belief that the Fed solves problems when in fact it is directly responsible for the present crisis. The Fed s irresponsible monetary policies have led to a de-industrialization of the US, a complete misallocation of capital, a colossal destruction of wealth of the median household and to a significant loss of the US dollar s purchasing power. Corruption of Capitalism is a must read in order to preserve your and your children s wealth.
Richard Duncan s Corruption of Capitalism is a well researched book, which shows how monetary policy errors leading to excessive credit growth brought about the current crisis.
Full of interesting figures and insightful comments, Richard Duncan s Corruption of Capitalism is an excellent read, which will greatly broaden investors knowledge and help protect their wealth --Dr Marc Faber, The Gloom, Boom & Doom Report

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 Bowring, International Herald Tribune

A lucid and original argument about the causes of financial instability, including the continuing global recession; the book 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. --Professor Robert H Wade, London School of Economics

About this edition

• Publisher: CLSA Books
• Publication date: 2009
• ISBN 10: 9889894246
• ISBN 13: 9789889894245
• Binding: Perfect Paperback
• Edition number: 1
• Number of pages: 228