Why Save the Bankers?

Why Save the Bankers?

And Other Essays on Our Economic and Political Crisis

Book - 2016
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Incisive commentary on the financial meltdown and its aftermath, from the author of the bestselling global phenomenon"Capital in the Twenty-First Century"
Thomas Piketty's work has proved that without meaningful regulation, capitalist economies will concentrate wealth in an ever smaller number of hands. Unfettered markets lead to increasing inequality. Armed with this knowledge, how can democratic societies fend off a new aristocracy? For years, Piketty has wrestled with this issue in the pages of "Liberation, "one of France's leading news magazines. His monthly column pierces the surface of current events to reveal the economic forces underneath. "Why Save the Bankers? "brings together selections from eight years of these columns, now translated and annotated, beginning with the collapse of Lehman Brothers in September 2008, and the title essay's provocative challenge. Along the way, Piketty weighs successes and failures of the Obama presidency, charts a course out of the European Union s debt crisis, questions whether or not debts must be paid, and asks what the career of Steve Jobs can teach us about economic inequality. Remarkable for their clarity and surprising wit, these brief essays offer a view of our recent history through the eyes of the most important economic thinker of our time."
Publisher: Boston : Houghton Mifflin Harcourt, 2016
ISBN: 9780544868847
0544868846
9780544663329
0544663322
Branch Call Number: 330.94 P637W 2016
Characteristics: xii, 212 pages ; 22 cm

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m
mclarjh
Aug 02, 2016

Well written, easy to read.

s
StarGladiator
Apr 02, 2016

And this is just a small fraction consistently overlooked by Piketty:
http://www.zerohedge.com/news/2016-04-03/unprecedented-leak-exposes-criminal-financial-dealings-some-worlds-wealthiest-people

https://panamapapers.icij.org/about.html

This isn't a bad book, and well worth reading, although again I'm afraid Mr. Piketty is something of a lightweight, as his depth of knowledge in international finance plagues his lack of depth in economics, sorry to say.
Example: In his chapter, Lessons for the Tax System, Piketty states: // . . . Bill Gates, who has given most of his fortune to foundations. \\
Well, not really, guy, Gates moved his fortune to foundations for two or three VERY IMPORTANT SELF-SERVING reasons: (1) pays far less in taxes, and in some cases avoids all taxes; (2) his stocks therefore become exempt from hostile takeovers; and, (3) hides further and new ownership by doing this.
Piketty is the real deal [unlike the poseur, Paul Krugman, the lobbyist for the central bankers], he simply is lacking in certain knowledge respects. [Just as in Piketty's book, Capital in the Twenty-First Century - - a good book, but he would have made a far more damning case had he not limited his research to ONLY payroll income tax forms, but expanded it to capital gains tax, et cetera, and thereby dramatically expanding his data field.]

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