The Gods That Failed: How the Financial Elite Have Gambled Away Our Futures

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9780099523680: The Gods That Failed: How the Financial Elite Have Gambled Away Our Futures

A devastating assault on the delusional, faith-based thinking that markets can, unaided, create heaven on earth.

Since the late Sixties, control of our economy has passed into the hands of a new elite of super-rich free-market operatives and their colleagues in national and international institutions. These New Olympians, so named because of their remoteness from everyday life and their lack of accountability, are unconcerned with — in fact, hostile to — job security, social tranquility and the traditional middle-class aspiration for both the good life and the quiet life.
This group has sought to insulate itself from democratic challenge and to make “irreversible” the legal changes from which it has profited so enormously. Aside from the obnoxious principles involved, the rule of this financial elite has brought not prosperity but sluggish growth in living standards, a debt explosion, and now a major crisis of international proportions as a vast borrowing bubble starts to deflate.

Elliott and Atkinson argue that the coming crisis will shatter all remaining faith in the empty dogmas of “shareholder value” and “labour flexibility.”

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About the Author:

Larry Elliott and Dan Atkinson are Economics Editors of the Guardian and the Daily Mail respectively. They are the co-authors of Fantasy Island and The Age of Insecurity.

Review:

“The most entertaining effort to identify those to blame for the credit crunch.”
Economist

“Agree or disagree, you should read this book. As the crunch intensifies, these critics are out in force and the most influential of their books will undoubtedly turn out to be this readable yet controversial tome.”
City A.M.

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Larry Elliott, Dan Atkinson
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Book Description Vintage Publishing, United Kingdom, 2009. Paperback. Book Condition: New. Language: English . Brand New Book. 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. Bookseller Inventory # AB99780099523680

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Book Description Vintage Publishing, United Kingdom, 2009. Paperback. Book Condition: New. Language: English . Brand New Book. 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. Bookseller Inventory # AB99780099523680

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Book Description Vintage Books. Book Condition: New. 2009. Paperback. 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. Num Pages: 368 pages. BIC Classification: 3JMC; KCX. Category: (G) General (US: Trade). Dimension: 198 x 130 x 24. Weight in Grams: 254. . . . . . Books ship from the US and Ireland. Bookseller Inventory # V9780099523680

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Book Description Vintage Publishing. Paperback. Book Condition: new. BRAND NEW, The Gods That Failed: How the Financial Elite Have Gambled Away Our Futures, Larry Elliott, Dan Atkinson, 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. Bookseller Inventory # B9780099523680

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