How Do We Fix This Mess The Economic Price Of Having It All And The Route To Lasting Prosperity
Publisher: Hodder & Stoughton General Division
Published: 2012
Language: eng
Number of pages: 480
ISBN-13: 9781444757095
Description: This book explains how the world got itself into the current economic mess - and how we might get out of it. This book is a map of what needs to be fixed.' The record-breaking unbroken growth between 1992 and 2008 wasn't the economic miracle that it seemed. It was based on a number of dangerous illusions - most notably that it didn't matter that the UK and US year after year consumed more than they earned. But we couldn't go on increasing our indebtedness forever. The financial crash of 2007/8 and the subsequent economic slump in much of the west was the moment when we realised we had borrowed more than we could afford to repay. So who got it wrong? Bankers, investors and regulators? And were they greedy, stupid or asleep? What was the role of government? And what part did we, as consumers, play in all this? How do we get through this difficult period of transition to a more sustainable economy, one based on investment and exports, rather than on borrowing and consumption?