The unfair trade : how our broken global financial system destroys the middle class / Michael J. Casey.

Format:

Book

Author/Creator:

Casey, Michael, 1967-

Language:

English

Subjects (All):

Finance--History--21st century.

Finance.

Economic history--21st century.

Economic history.

Middle class.

Income distribution.

History.

China--Foreign economic relations.

China.

International economic relations.

Physical Description:

viii, 403 pages ; 25 cm

Edition:

First edition.

Place of Publication:

New York : Crown Business, [2012]

Summary:

"The global financial system has enormous influence on the day-to-day lives of billions, yet is shrouded in mystery and poorly understood. Through narrative-driven reporting, vivid storytelling, and perceptive analysis Michael Casey brings to light the distorted, dysfunctional global economic system that benefits a tiny elite but leaves the rest of the world's population powerless. In ways that wonkish tomes cannot, this anecdote-rich account of the effects of global finance on the lives of ordinary people shows why we must understand and care about rigid misaligned exchange rates, currency wars, and the dangerous imbalance in the world's savings and spending patterns"--Provided by publisher.

Contents:

pt. 1: The rise of China

Origins of dysfunction : how we got here

Average Joes : drowning in a sea of global financial liquidity

Virtue and vice : the savings and debt conundrum

The long reach : China's insatiable appetite

Race to the bottom : losers in the global economy

pt. 2: The rise of global finance

Global finance between a rock and a hard place : too big to fail and too big to succeed

The little nation that could : cutting bankers down to size

PIIGS and the systemic crisis : when bond vigilantes get their dander up

The global liquidity machine

What is to be done? : Toward a less tumultuous world.

Notes:

Includes bibliographical references and index.

ISBN:

9780307885302

0307885305

OCLC:

753624558