Did Greed Kill Capitalism?
EUR€5.35New Kobo Germany
American capitalism changed fundamentally after 1980. Aggressive deregulation, privatization, entitlements, greed and creative financing have since generated a chaotic market and drove America into astonishing debt. Simultaneously, the world has innovated and invented itself into an Information Revolution, analogous to the earlier Industrial Revolution. Electronics technology structures this new information world and creates great wealth. However, balancing this wealth with the debt load may be beyond it. Laws push to the left with entitlements and welfare and to the right with greed, corporate theft and a narrow distribution of wealth. Benefits and stock options dilute stockholder ownership constituting a sophisticated theft. These constraints leave little room for the invisible hand of a free market. An existential greed, or a greed kabal, now threatens capitalism as never before. American capitalism must be reformed and strengthened to survive this assault. This book explains this and unravels the nexus between greed, debt, technology, wealth and free markets.