In the tradition of the Reader’s Digest condensation of F.A. Hayek’s The Road to Serfdom, Joseph Schumpeter’s Can Capitalism Survive? Creative Destruction and the Future of the Global Economy is coming out on September 1.
Can Capitalism Survive? is a condensation of Schumpeter’s 431-page masterwork of 1942, Capitalism, Socialism, and Democracy. The timing couldn’t be better. With economic crisis and recession dominating the news, people are as interested in the topic as ever. The trouble is, they don’t understand it very well. This book should help.
In this age of bailouts and cash-for-clunkers, Schumpeter’s theory of creative destruction is crucial for understanding why some policies will work and others will fail.
Putting Schumpeter’s ideas in a more accessible format does not dilute them, as some ivory tower types will no doubt allege. It increases their impact. Economic literacy is a good thing. The economic way of thinking badly needs to be popularized. May many more distillations of major economic works follow this one.
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Obamacare is just another push for global currency and the destruction of the dollar
BANGKOK- Nobel Prize-winning economist Joseph Stiglitz is telling us that the U.S. dollar-based system is flawed and risky and that the “dollar now is yielding almost zero return. The question is do we go to a new system in an orderly or disorderly way.” Stiglitz urged rich nations to provide funds to help poorer countries avoid a steep crash during the financial crisis.
The group has called for global coordination to avoid competition to cut taxes, and for a worldwide increase in tax on high earners. Dubbing itself the “Shadow GN”, the group has urged governments to opt for bank nationalizations rather than bailouts in order to drive the pace of fresh lending.
Stiglitz said a new global reserve system would be good for global aggregate demand, global stability and global equity.
Don’t fall for it. They want everyone to be equally poor. Watch this video
http://www.youtube.com/watch?v=e9-2PhChboU&feature=player_embedded
In the next video you will learn how the international banks plan to loot the people by turning them into Global slaves and explains who Obama works for, what lies he has told and what his real agenda is.
http://www.youtube.com/watch?v=eAaQNACwaLw&feature=player_embedded
cybercorresponden thttp://cybercorrespondent.blogspot.com