Panic : The Crash of 2008 and the Betrayal of Capitalism by Richard Vigilante and Andrew Redleaf (2010, Hardcover)

Vigilante Books, Richard

0980076366

9780980076363

81859657

Panic : the Crash of 2008 and the Betrayal of Capitalism

288 Pages

English

2010

General, Economics / General, Free Enterprise

Business & Economics

Richard Vigilante, Andrew Redleaf

Hardcover

0.9 in

15.7 Oz

9.4 in

6.4 in

Trade

What happens when the people running America's financial institutions believe that human judgment is passe? When they abdicate decision-making to an algorithm? The crash of 2008 was driven by a financial establishment, dominant in both Wall Street and Washington, that betrayed the fundamental principle of Capitalism: that all wealth springs from the minds of men. The bureaucrats of capital sought refuge in rules and systems as substitutes for thought, ultimately creating a machinery of disaster they could neither understand nor control.