29 of 31 people found the following review helpful
This review is from: The Gods That Failed: How Blind Faith in Markets Has Cost Us Our Future (Paperback)This is an important book. It's a follow on from Fantasy Island but this time it's a fantasy world.
The book begins slowly with a forensic deconstruction of current problems. It's detailed, and not the easiest reading. However it summarises down to the fact that money has been created and lent beyond the worth of assets and incomes. The scale of this, and the hiding of it in obscure off balance sheet transactions, is a scandal, that will come home to roost. Inevitably there will be a devaluation from such financial recklessness. The USA and UK are particularly vulnerable to this "correction." We will be paying for the problems created for many years to come.
The authors suggested remedies are at the back of the book (last 15 pages out of 310)
I found this book's argument convincing. I liked the author's set of suggested remedies. I recommend this important book to other readers. And may it send shivers down Mr Brown and Mr Darling's spines.