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 unfettered markets lead to increasing inequality. Without meaningful regulation, capitalist economies will concentrate wealth in an ever smaller number of hands. Armed with this knowledge, democratic societies face a defining challenge: fending off a new aristocracy.

For years, Piketty has wrestled with this problem in his monthly newspaper column, which pierces the surface of current events to reveal the economic forces underneath. Why Save the Bankers? brings together selected columns, now translated and annotated, from the period book-ended by the September 2008 collapse of Lehman Brothers and the Paris attacks of November 2015. In between, writing from the vantage point of his native France, Piketty brilliantly decodes the European sovereign debt crisis, an urgent struggle against the tyranny of markets that bears lessons for the world at large. And along the way, he weighs in on oligarchy in the United States, wonders whether debts actually need to be paid back, and discovers surprising lessons about inequality by examining the career of Steve Jobs.

Coursing with insight and flashes of wit, these brief essays offer a view of recent history through the eyes of one of the most influential economic thinkers of our time.
Publisher: Boston :, Houghton Mifflin Harcourt,, 2016
ISBN: 9780544663329
Branch Call Number: 330.94 Pik
Characteristics: xii, 212 pages
Additional Contributors: Ackerman, Seth


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Nov 09, 2018

Multiple very brief articles quickly become repetitive, although the lucid writing makes for easy reading. The newspaper articles prevent use of the graphs that are such a powerful part of Capital in the 21st century.

Aug 02, 2016

Well written, easy to read.

Apr 02, 2016

And this is just a small fraction consistently overlooked by Piketty:


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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