The Financial Crisis and the Free Market Cure: Why Pure Capitalism is the World Economy's Only Hope

The Financial Crisis and the Free Market Cure: Why Pure Capitalism is the World Economy's Only Hope

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  • Author: John A. Allison
  • Publisher: McGraw Hill Professional
  • ISBN: 0071806784
  • Category : Business & Economics
  • Languages : en
  • Pages : 289

The #1 Wall Street Journal Bestseller “Required reading. . . . Shows how our economic crisis was a failure, not of the free market, but of government.” —Charles Koch, Chairman and CEO, Koch Industries, Inc. Did Wall Street cause the mess we are in? Should Washington place stronger regulations on the entire financial industry? Can we lower unemployment rates by controlling the free market? The answer is NO. Not only is free market capitalism good for the economy, says industry expert John Allison, it is our only hope for recovery. As the nation’s longest-serving CEO of a top-25 financial institution, Allison has had a unique inside view of the events leading up to the financial crisis. He has seen the direct effect of government incentives on the real estate market. He has seen how government regulations only make matters worse. And now, in this controversial wake-up call of a book, he has given us a solution. The national bestselling The Financial Crisis and the Free Market Cure reveals: Why regulation is bad for the market—and for the world What we can do to promote a healthy free market How we can help end unemployment in America The truth about TARP and the bailouts How Washington can help Wall Street build a better future for everyone With shrewd insight, alarming insider details, and practical advice for today’s leaders, this electrifying analysis is nothing less than a call to arms for a nation on the brink. You’ll learn how government incentives helped blow up the real estate bubble to unsustainable proportions, how financial tools such as derivatives have been wrongly blamed for the crash, and how Congress fails to understand it should not try to control the market—and then completely mismanages it when it tries. In the end, you’ll understand why it’s so important to put “free” back in free market. It’s time for America to accept the truth: the government can’t fix the economy because the government wrecked the economy. This book gives us the tools, the inspiration—and the cure.


The Financial Crisis and the Free Market Cure: Why Pure Capitalism is the World Economy’s Only Hope

The Financial Crisis and the Free Market Cure: Why Pure Capitalism is the World Economy’s Only Hope

PDF The Financial Crisis and the Free Market Cure: Why Pure Capitalism is the World Economy’s Only Hope Download

  • Author: John A. Allison
  • Publisher: McGraw Hill Professional
  • ISBN: 0071806776
  • Category : Business & Economics
  • Languages : en
  • Pages : 289

The #1 Wall Street Journal Bestseller Did Wall Street cause the mess we are in? Should Washington place stronger regulations on the entire financial industry? Can we lower unemployment rates by controlling the free market? The answer is NO. Not only is free market capitalism good for the economy, says industry expert John Allison, it is our only hope for recovery. As the nation’s longest-serving CEO of a top-25 financial institution, Allison has had a unique inside view of the events leading up to the financial crisis. He has seen the direct effect of government incentives on the real estate market. He has seen how government regulations only make matters worse. And now, in this controversial wake-up call of a book, he has given us a solution. The national bestselling The Financial Crisis and the Free Market Cure reveals: Why regulation is bad for the market—and for the world What we can do to promote a healthy free market How we can help end unemployment in America The truth about TARP and the bailouts How Washington can help Wall Street build a better future for everyone With shrewd insight, alarming insider details, and practical advice for today’s leaders, this electrifying analysis is nothing less than a call to arms for a nation on the brink. You’ll learn how government incentives helped blow up the real estate bubble to unsustainable proportions, how financial tools such as derivatives have been wrongly blamed for the crash, and how Congress fails to understand it should not try to control the market—and then completely mismanages it when it tries. In the end, you’ll understand why it’s so important to put “free” back in free market. It’s time for America to accept the truth: the government can’t fix the economy because the government wrecked the economy. This book gives us the tools, the inspiration—and the cure. “Required reading. . . . Shows how our economic crisis was a failure, not of the free market, but of government.” —Charles Koch, Chairman and CEO, Koch Industries, Inc. “The Financial Crisis and the Free Market Cure is a sophisticated yet accessible analysis of the causes and solutions to America’s financial meltdown.” —Ed Crane, President Emeritus of the Cato Institute “An indispensable contribution to the debate about the future of the American economy.” —Arthur Brooks, President, American Enterprise Institute “No one is better equipped to understand what is going on today and the causes of the financial crisis. Please pay attention to what he says here.” —Bernie Marcus, Chairman, The Marcus Foundation, and cofounder, Home Depot “Allison explains the unintended consequences of government policies and their impact on the financial crisis . . . and recommends practical steps to improve the economy and individual liberty.” —James M. Kilts, former Chairman and CEO, Gillette Company “[This is] the best, deepest explanation of what caused the crisis and the consequences of our government’s response to it.” —Yaron Brook, President and Executive Director, Ayn Rand Institute “John Allison is superb with his comprehensive and thought-provoking explanation for our current economic crisis and a clear and compelling path to a brighter future.” —Steve Reinemund, Dean, Wake Forest University Schools of Business, and retired Chairman and CEO, PepsiCo “[John Allison] assembles evidence that shows that our financial crisis, followed by the Great Recession, was caused by Congress, the Federal Reserve, Freddie Mac, and Fannie Mae, and was helped along by the Bill Clinton, George W. Bush, and Barack Obama White Houses.” —Walter E. Williams, syndicated coumnist


The Free Market and the Human Condition

The Free Market and the Human Condition

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  • Author: Lee Trepanier
  • Publisher: Lexington Books
  • ISBN: 0739194755
  • Category : Philosophy
  • Languages : en
  • Pages : 167

Since the Financial Crisis of 2008, there has been and continues to be a debate about the proper role of the free market in the United States and beyond. On one side there are those who defend the free market as a method to provide both wealth and democratic legitimacy; while on the other side are thinkers who reject the orthodoxy of the free market and call for a greater role of government in society to correct its failures. But what is needed in this debate is a return to the vantage point of the human condition to better understand both the free market and our role in it. The Free Market and the Human Condition explores what the human condition can reveal to us about the free market—its strengths, its limits, and its weaknesses—and, in turn, what the free market can illuminate about the essence of the human condition. Because the human condition is multifaceted, this book has adopted an interdisciplinary approach, drawing upon the disciplines of philosophy, theology, archeology, literature, sociology, political science, criminal justice, and education. Since it is impossible for one to know all aspects of the human condition, the book consists of contributors who approach the topic from their respective disciplines, thereby providing an accumulated picture of the free market and the human condition. Although it does not claim to provide a comprehensive account of the human condition as situated in the free market, The Free Market and the Human Condition transcends the current climate of debate about the free market and provides a way forward in our understanding about the role that free market plays in our society.


Capitalism and Desire

Capitalism and Desire

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  • Author: Todd McGowan
  • Publisher: Columbia University Press
  • ISBN: 0231542216
  • Category : Philosophy
  • Languages : en
  • Pages : 305

Despite creating vast inequalities and propping up reactionary world regimes, capitalism has many passionate defenders—but not because of what it withholds from some and gives to others. Capitalism dominates, Todd McGowan argues, because it mimics the structure of our desire while hiding the trauma that the system inflicts upon it. People from all backgrounds enjoy what capitalism provides, but at the same time are told more and better is yet to come. Capitalism traps us through an incomplete satisfaction that compels us after the new, the better, and the more. Capitalism's parasitic relationship to our desires gives it the illusion of corresponding to our natural impulses, which is how capitalism's defenders characterize it. By understanding this psychic strategy, McGowan hopes to divest us of our addiction to capitalist enrichment and help us rediscover enjoyment as we actually experienced it. By locating it in the present, McGowan frees us from our attachment to a better future and the belief that capitalism is an essential outgrowth of human nature. From this perspective, our economic, social, and political worlds open up to real political change. Eloquent and enlivened by examples from film, television, consumer culture, and everyday life, Capitalism and Desire brings a new, psychoanalytically grounded approach to political and social theory.


Why the Conventional Wisdom about the 2008 Financial Crisis is Still Wrong

Why the Conventional Wisdom about the 2008 Financial Crisis is Still Wrong

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  • Author: Paul Mueller
  • Publisher: Cambridge Scholars Publishing
  • ISBN: 1527522962
  • Category : Business & Economics
  • Languages : en
  • Pages : 197

Much of what has been heard, read, or taught about the 2008 financial crisis is incorrect. It was not caused by free market capitalism run amok. The crisis was not created by deregulatory zeal. It wasn’t primarily due to greed on Wall Street. The crisis was not simply created by people’s “irrational exuberance” or “animal spirits.” Perhaps most importantly, it did not require bailouts and thousands of pages of new regulations to fix. Instead, it came about because of significant market distortions created by government subsidies, misregulation, and perverse incentives. The conventional wisdom blames unbridled markets for mortgage fraud, imprudent risks, and extreme leverage in financial institutions. Policy makers told us that the failure of Lehman Brothers, and the near failure of American International Group and many large banks, would have resulted in catastrophic decline and perhaps another Great Depression. After the crisis, thousands of pages of new regulations were written to limit the types of risk banks can take and the kinds of investments they can make so that a financial crisis of this magnitude can’t happen again. But what if this conventional wisdom was wrong? If the problem wasn’t unregulated, unrestrained markets leading to fraud and excessive risk-taking, if instead it was perverted incentives and distorted market signals due to numerous regulations and mandates in the first place, then the thousands of new pages of regulations haven’t solved the fundamental problem. In fact, they have made it worse. This book shows that it is time to reassess the conventional wisdom. Perhaps there is still time to reverse the faulty solutions based upon it before another financial crisis breaks out.


The Leadership Crisis and the Free Market Cure: Why the Future of Business Depends on the Return to Life, Liberty, and the Pursuit of Happiness

The Leadership Crisis and the Free Market Cure: Why the Future of Business Depends on the Return to Life, Liberty, and the Pursuit of Happiness

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  • Author: John A. Allison
  • Publisher: McGraw Hill Professional
  • ISBN: 0071831126
  • Category : Business & Economics
  • Languages : en
  • Pages : 224

The highly anticipated follow up to The Financial Crisis and the Free Market Cure—the New York Times, Wall Street Journal, and Washington Post bestseller The Leadership Crisis and the Free Market Cure reveals the integrated principles he sees as critical to the success of any leader--all of which are modern day reflections of the American Founders' concept of life, liberty, and the pursuit of happiness. John Allison believes many of the problems in our economy are the direct result of leaders who have lost a sense of purpose in themselves and in their organization. Basing his conclusions on libertarian and Objectivist philosophy, Allison describes the values today's leaders must follow, which should guide decision making at the individual, corporate, and public policy level. He shares his real-world experience growing BB&T into the tenth largest financial services holding company in the U.S. John Allison is the author of The Financial Crisis and the Free Market Cure, CEO of the Cato Institute, and retired Chairman and CEO of BB&T Corporation.


Political Economy

Political Economy

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  • Author: Barry Clark
  • Publisher: Bloomsbury Publishing USA
  • ISBN: 1440843260
  • Category : Political Science
  • Languages : en
  • Pages : 393

This nontechnical book provides a comprehensive and interdisciplinary survey of political economy that can easily be understood by any reader with an introductory-level background in economics. As 21st-century political debate becomes polarized across ideological lines, students and citizens need to understand the underlying values on which contending arguments are based. The current political gridlock calls for a deeper appreciation of the competing perspectives in political economy. Now revamped for a third edition, Political Economy: A Comparative Approach supplies a truly interdisciplinary examination of the development and evolution of political economy from the Enlightenment onward, drawing material from the realms of political theory, sociology, philosophy, and history as well as from economics to present detailed comparisons of competing perspectives on a variety of current issues. The book begins with an introduction to political economy that provides readers with an overview of the historical development of the discipline, followed by in-depth analyses of four ideological perspectives in political economy—Classical Liberalism, Radicalism, Conservatism, and Modern Liberalism. The author then applies each of the four ideological perspectives to a range of contemporary issues, such as the role of government, economic instability, poverty, labor relations, discrimination, education, culture, the environment, and international trade. Readers will gain insight into the methods and practice of political economics as well as better understand the history of political/economic thought and the effects of historical processes—European industrialization, for example—on modern debates.


Towards a Cultural Political Economy

Towards a Cultural Political Economy

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  • Author: Ngai-Ling Sum
  • Publisher: Edward Elgar Publishing
  • ISBN: 0857930710
  • Category : Business & Economics
  • Languages : en
  • Pages : 588

This fascinating volume offers a critique of recent institutional and cultural turns in heterodox economics and political economy. Using seven case studies as examples, the authors explore how research on sense- and meaning-making can deepen critical s


Politics without Stories

Politics without Stories

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  • Author: David Ricci
  • Publisher: Cambridge University Press
  • ISBN: 1316764435
  • Category : Political Science
  • Languages : en
  • Pages : 263

Liberal candidates, scholars, and activists mainly promote pragmatism rather than large and powerful narratives - which may be called 'alpha stories' for their commanding presence over time. Alternatively, conservative counterparts to such liberals tend to promote their policy preferences in alpha stories praising effective markets, excellent traditions, and limited government. In this face-off, liberals represent a post-Enlightenment world where many modern people, following Max Weber, are 'disenchanted', while many conservatives, echoing Edmund Burke, cherish stories borrowed from the past. Politics without Stories describes this storytelling gap as an electoral disadvantage for liberals because their campaigning lacks, and will continue to lack, the inspiration and shared commitments that great, long-term stories can provide. Therefore, Ricci argues that, for tactical purposes, liberals should concede their post-Enlightenment skepticism and rally around short-term stories designed to frame, in political campaigns, immediate situations which they regard as intolerable. These may help liberals win elections and influence the course of modern life.


The Future of Capitalism

The Future of Capitalism

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  • Author: Paul Collier
  • Publisher: HarperCollins
  • ISBN: 0062748661
  • Category : History
  • Languages : en
  • Pages : 369

Bill Gates's Five Books for Summer Reading 2019 From world-renowned economist Paul Collier, a candid diagnosis of the failures of capitalism and a pragmatic and realistic vision for how we can repair it. Deep new rifts are tearing apart the fabric of the United States and other Western societies: thriving cities versus rural counties, the highly skilled elite versus the less educated, wealthy versus developing countries. As these divides deepen, we have lost the sense of ethical obligation to others that was crucial to the rise of post-war social democracy. So far these rifts have been answered only by the revivalist ideologies of populism and socialism, leading to the seismic upheavals of Trump, Brexit, and the return of the far-right in Germany. We have heard many critiques of capitalism but no one has laid out a realistic way to fix it, until now. In a passionate and polemical book, celebrated economist Paul Collier outlines brilliantly original and ethical ways of healing these rifts—economic, social and cultural—with the cool head of pragmatism, rather than the fervor of ideological revivalism. He reveals how he has personally lived across these three divides, moving from working-class Sheffield to hyper-competitive Oxford, and working between Britain and Africa, and acknowledges some of the failings of his profession. Drawing on his own solutions as well as ideas from some of the world’s most distinguished social scientists, he shows us how to save capitalism from itself—and free ourselves from the intellectual baggage of the twentieth century.