Book description
You have been had.
MARKETS ARE NOT MAGIC.
DEBT IS NOT FREEDOM.
THE GODS HAVE FAILED.
A risk-prone, privatised profit-driven economic model overseen by a
largely unaccountable, greedy and arrogant elite has resulted in one
of the worst financial crises in history.
The over-paid heroes of Wall Street and the City worshipped the gods
of globalisation, financialisation and speculation, and during the
years of economic growth we, and our governments, worshipped them too.
But high in the boardrooms of Mount Olympus, the reckless lust of
banks for big bonuses and bigger profits led to excesses that have
proved unsupportable.
The warning signs were ignored - now the Masters of the Universe are
toppling and we're footing the bill.
Find out how an unregulated elite were able to run riot with your
cash, and find out how to stop it happening again.
Larry Elliott and Dan Atkinson are Economics Editors of the
Guardian
and the
Mail on Sunday
respectively. They are the co-authors of
Fantasy Island
and
The Age of Insecurity
.
