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The New Capitalism: How and Why the Economic World Has Changed Forever - and How it Affects Us All
 

The New Capitalism: How and Why the Economic World Has Changed Forever - and How it Affects Us All (Hardback)

By Peston, Robert

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Taxpayers have rescued the banking system to the tune of $15 trillion of loans, guarantees and investments -- equivalent to more than a quarter of global economic output. We have the power of life and death over banks and, increasingly, companies such as car manufacturers. How sh...ould we use this power? How can we ensure that banks and companies properly serve our interests? Our governments have accumulated huge debts, which we will all have to pay off over the coming years of recession. The prudent are now being punished to rescue the feckless, so how can we escape the cycle of impoverishment when our society seems unable to create serious incentives for long term investment and saving? How did the banks stop being our servants, and start lending billions to those with little realistic prospect of repaying the debt? And when did bankers bonuses become a 'heads I win, tails you lose' system? What is the future of our economy? If we all own the banks and private companies, shouldn't they start behaving responsibly? Robert Peston answers all these questions and looks to the economic future for the world. The New Capitalism is essential reading for anyone who wants to understand how we got into this mess, and how we can get out of it.
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ISBN 9780340995761
Publisher Hodder & Stoughton
Format Hardback
Alternate Format(s) View All (1 other possible title(s) available)
Availability
Available for pre-order, ships once internationally released [to be advised]

Full details for this title

ISBN-13 9780340995761
Stock Available
Status Available for pre-order, ships once internationally released [to be advised]
Publisher Hodder & Stoughton
Imprint Hodder & Stoughton
Publication Country United Kingdom United Kingdom
Format Hardback
 › 1 other possible formats available
Author(s) By Peston, Robert
Category Politics & Government
Economics
Number of Pages 368
Dimensions Width: 153mm
Height: 234mm
Dewey Code 330.941
Weight Not specified - defaults to 1,000g
Interest Age General Audience
Reading Age General Audience
NBS Text Economics: Professional & General
ONIX Text General/trade

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