Modern economic practices have developed in a manner so that while some executives and bankers walk away with millions of compensation, others are driven out of their homes to the street. At the same time, governments who had freely incurred massive debts in the past with an eye on the next election and a fond hope that economies would continue to grow forever are now staring at mountains of debt even as inequalities hit the roof. Nations that seek solace in a money printing press are producing inflation that is snatching ...
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Modern economic practices have developed in a manner so that while some executives and bankers walk away with millions of compensation, others are driven out of their homes to the street. At the same time, governments who had freely incurred massive debts in the past with an eye on the next election and a fond hope that economies would continue to grow forever are now staring at mountains of debt even as inequalities hit the roof. Nations that seek solace in a money printing press are producing inflation that is snatching bread from the poor man's table. The ensuing outrage has given rise to phenomenon such as the occupy movement. While highlighting problems that have crept into modern economies, the author has also suggested solutions. The entire discourse is in an easy to understand informal style so that it may be appreciated by ordinary readers, not just academics and scholars. This brief introduction to the economics of greed and exploitation will be fascinating and useful reading for any concerned citizen of the world. This small book is a philosophical critique of modern economic practices with solutions suggested to overcome some of the most glaring weaknesses of modern capitalism.
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