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EbookBell Team
4.3
58 reviews
ISBN 10: 129212380X
ISBN 13: 9781292123806
Author: Satyajit Das
“The current environment of zero-cost money, concentrated bank power, and anaemic productive growth has coalesced not by accident or economic cycle but by wilful choice. Das warns that without significant change, the only possible future holds dire consequences for all but an elite few. His tone is as urgent as the problem. All central bankers, politicians, and citizens should heed his words.” Nomi Prins, author of Other People’s Money and All the Presidents’ Bankers “Written with passion and insight, and laden with facts, the book provides a clear explanation of the economic, social, and political issues that lie ahead, and the difficulty in solving them.” Jon Markman, Forbes columnist and president and publisher of Markman Capital Insight A Banquet of Consequences is an intricately researched, decisively written and devastating analysis of today’s economy. Satyajit Das connects disparate strands of a story, and in doing so delivers a damning critique of global economic policies of the last 50 years. He argues that governments and citizens of every political hue are now so addicted to growth and resistant to change, that a prolonged period of chronic stagnation, sustained by large infusions of monetary morphine and continuous interventions, or an unavoidable financial, political and social breakdown are the only possible outcomes.
Reality Bites
Postwar Booms and Busts
Causes of the Global Financial Crisis and the Great Recession
The Power and Impotence of Economic Policies
The Factors Driving Secular Stagnation and the New Mediocre
The Resource and Environmental Constraints on Growth
Globalisation in Reverse
The Rise and Fall of Emerging Markets
The Impact of Rising Inequality on Growth
How a Democracy Deficit Harms Economic Activity
The Fallout for Ordinary Lives
Final Orders
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Tags: Satyajit Das, Banquet, Consequences, Reality, Uncertain, Economic Future