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Comeback Charles Morris

Comeback By Charles Morris

Comeback by Charles Morris


$11.99
Condition - Very Good
Only 1 left

Summary

The bestselling author who correctly predicted the 2008 financial crash now projects an impending boom in the U.S. economy, due mostly to energy innovations that will reindustrialize America and provide millions of middle class jobs.

Comeback Summary

Comeback: America's New Economic Boom by Charles Morris

Charles R. Morris's The Trillion Dollar Meltdown (2008) was the first book to warn of the impending financial crash in all its horrific scale and speed. Now, with Comeback , Morris reveals that the United States is on the brink of a strong recovery that could last for twenty years or more.The great economic boom times in American history have come because of fortuitous discoveries. Natural resources (coal first, then oil) fueled vast economic and industrial expansions, which in turn helped create and supply new markets. The last genuine economic game changer was the technology boom of the 1990s, which gave the U.S. a global competitive advantage for a while based on electronics and silicon. One of the first writers and analysts in the U.S. to predict that the tech boom would lead to a period of sustained economic growth was Charles Morris. In defiance of the recessionary times (in 1990), he saw the coming boom. Now, in 2013, he sees the threshold of another.This time the gift is natural gas. The amount and distribution of gas in American shale is so vast that it has the potential to transform the manufacturing economy, creating jobs across the country, and requiring a new infrastructure that will benefit the nation as a whole. Because of fracking, jobs that once would have been outsourced abroad will return home, America can become a net exporter of energy, and cheap energy will provide the opportunity for innovation and competition.In light of this new opportunity, and other complementary developments Morris explores in this book, the U.S. ought to be approaching the future with a robust self-confidence it has not experienced in a while. But we could fumble it away. The gold-rush style of shale boom companies does not make them good neighbours. A counter-reaction could put their industry, and the new era of national prosperity, at risk. We also have a political system that has the capacity to spoil the benefits of this huge boon. If the wealth locked in the continental shelf is not shared for the general economic good, but is instead exploited in short-term profiteering, then many of the opportunities that exist will be choked off by a few very rich corporations.Managing the great bonus of the vast store of cheap energy is going to become a defining political challenge in the years ahead. At the threshold of a thrilling opportunity, Morris is a brilliantly perceptive guide.

Comeback Reviews

Gillian Tett, Financial Times What really fascinates me about [Morris's] new tome is that I suspect it points to a symbolic turning point in economic mood...If nothing else, his book is a timely reminder that economic optimism and pessimism have a habit of moving in cycles. Daniel Yergin, Wall Street Journal Mr. Morris adroitly explains the workings of what he calls...'the splendid technology that makes [shale] possible,' ...[arguing] that this unconventional revolution could support more than four million jobs... He also makes a compelling case that the U.S. is significantly under-investing in the infrastructure needed to support economic growth... The contribution of 'Comeback' is to cogently lay out the bright economic consequences of the unconventional oil and gas revolution and the revival of manufacturing. Kirkus Reviews A persuasive, upbeat forecast of economic growth, starting now, for the United States. The author has a companionable voice, affable and easy, but with words chosen for maximum clarity ...Serious bureaucratic, technological and environmental issues, unpacked with facility, provide digestible food for thought.

About Charles Morris

Charles R. Morris has written fifteen books, including The Coming Global Boom, a New York Times Notable Book; The Tycoons, a Barron's Best Book of 2005; and The Trillion Dollar Meltdown, winner of the Gerald Loeb Award and a New York Times bestseller. His recent book, The Dawn of Innovation, was named a Wall Street Journal Best Business Book of 2012. A lawyer and former banker, Morris's articles and reviews have appeared in many publications, including the Atlantic Monthly, New York Times, and Wall Street Journal.

Additional information

GOR008743868
9781610393362
1610393368
Comeback: America's New Economic Boom by Charles Morris
Used - Very Good
Paperback
PublicAffairs,U.S.
20130601
192
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
This is a used book - there is no escaping the fact it has been read by someone else and it will show signs of wear and previous use. Overall we expect it to be in very good condition, but if you are not entirely satisfied please get in touch with us

Customer Reviews - Comeback