The Crisis of Global Capitalism by George Soros

The Crisis of Global Capitalism by George Soros

George Soros applies his experience in the world of finance to explain what is happening in the collapsing global economy. The Russian economy has collapsed leading to inflation and economic hardship; scores of Japanese banks are in ruin; the once-booming economies of Thailand, Malaysia and Indonesia have imploded; and even in Europe and America, the markets lurch violently, wiping out gains each week. Soros dissects the crisis and economic theory, revealing how theoretical assumptions have combined with human behaviour to lead to today's calamities. He shows how unquestioning faith in market forces causes blindness to crucial instabilites, and how those instabilities have chain-reacted to cause the economic crisis which, he argues, still has the potential to get much worse. Soros offers solutions to this global meltdown.

'An authentic financial genius' SPECTATOR

'His success has been unparalleled in the history of finance' THE TIMES

'one of the greatest living philanthropists' FINANCIAL TIMES

'George Soros is an amateur philosopher and a professional speculator, but his philosophy, like that of many self-made philosophics is full of interesting insights.' SPECTATOR

'This is a sobering book but also a challenge to the world governments to give the right to leadership before it's too late.' IRELAND ON SUNDAY

'The symptoms are hard to ignore. First the Thai crisis precipitated the currency collapse in Asia. Next the Russian meltdown inflicted temporary chaos on the Western financial system. And the recent volatility of the world's stock markets has caused most investors a lot more than heartburn. The connection? According to billionaire philanthropist George Soros, there's a profound and dangerous imbalance between the explosive growth of the global economy and the development of a free and open society. In The Crisis of Global Capitalism, Soros argues that in the last 20 years, the emergence of "market fundamentalism"--that is, the idea that markets need only be regulated by the forces of profit and competition--has distorted the role of capital to the extent that it "is today a greater threat to open society than any totalitarian ideology." Not that Soros advocates the demise of

George Soros oversees a global network of foundations dedicated to supporting open societies. He is known throughout the world for his financial brilliance.

SKU	Unavailable
ISBN 13	9780316849166
ISBN 10	0316849162
Title	The Crisis of Global Capitalism
Author	George Soros
Condition	Unavailable
Binding Type	Hardback
Publisher	Little, Brown & Company
Year published	1998-12-07
Number of pages	288
Cover note	Book picture is for illustrative purposes only, actual binding, cover or edition may vary.