Not only had it vanquished communism, but it was widening its lead over Japan Inc.
Synopsis[ edit ] The primary argument of the book is that we have gone from a recession into a depression the "D" word, as one author calls it  inand Posner suggests several possible short-term and long-term solutions to this fiscal crisis.
His thesis is not that government, politicians, or even bankers primarily caused this depression, but rather that the capitalist system is to blame for its own faults.
The lame-duck president seemed uninterested and uninformed about economic matters and was unable to project an image of leadership and instead spent his final months in office in frequent trips abroad and in legacy-polishing while the domestic economy melted away.
What Bernanke and Greenspan and the academy can be blamed for is overconfidence in their understanding of how to prevent a depression and, as a result, a failure to attend to warning signs and a lack of preparedness.
He asserts that the "depression is a failure of capitalism". It comes as something of a surprise that Posner, a doyen of the market-oriented law-and-economics movement, should deliver a roundhouse punch to the proposition that markets are self-correcting.
It might also seem odd that a federal appellate judge and University of Chicago law lecturer would be among the first out of the gate with a comprehensive book on the financial crisis — if, that is, the judge were any other judge. Critiques of Bill Clinton, Barack Obama, et al. He says they were to blame for pushing policies that created the housing bubble.
He praises the use of specific deterrence in shaming debtors, which, in his mind, has not been used enough recently. But the harassment of business over compensation policies, and the impending federal takeover of General Motors, are negatives: Posner  Nonetheless, Posner points out that what is rational for an individual corporation may not be rational for the industry as a whole.
In other words, it is only a starting point — but an indispensable one. Barrettan assistant managing editor of Business Weekwrites that Posner seems to spread the blame too much, denigrates mere stupidity and "greed" as causes, and lacks "constructive proposals for reform I have to say that the prose in this book often reads as if it were written, or maybe dictated, in a great hurry.
There is some unnecessary repetition, and many paragraphs spend more time than they should on digressions that seem to have occurred to the author in mid-thought. If not exactly chiseled, the prose is nevertheless lively, readable, and plainspoken. The haste may have been justified by the pace of the events he aims to describe and explain.
Posner has an extraordinarily sharp mind, and what I take to be a lawyerly skill in argument. But I also have to say that, in some respects, his grasp of economic ideas is precarious. As Robert Solow observed: From Richard Posner, it is.Phoenix, AZ: Rampart Press, January Broadside.
4to 9 X 12½. Titled in red. Edition limited to copies. Fine. Item # First separate printing. Presumably inspired by the Ap Bac hamlet encounter in Vietnam, in which the Vietcong for the first time took on the American military and the South Vietnamese Army, Beecher ruminates upon war.
Stakeholder Capitalism vs.
Shareholder Capitalism. [Read Citigroup’s report “Plutonomy: Buying Luxury, Explaining Global Imbalances Former Governor John Lynch endorses Chris Pappas for Congress. August 22, August 22, NH Labor News.
Elections New Hampshire Governor. This is what is referred to as stakeholder capitalism. So who are football’s stakeholders? Players, supporters, referees, coaches, clubs, leagues, national associations, governments, sponsors, broadcasters and society.
The book combines literary criticism and theory with the latest findings in communications and neuroscience. “Sobriety and the Spectacle” also takes advantage of an admittedly unusual biographical frame of reference: because of near-daily headaches, I have neither consumed alcohol nor watched a film or television show for roughly five years.
Beecher’s "Report to the Stockholders" only gestures, through satire and irony, towards a re-appropriation of workers bodies and a program of resistance that might ground its politics in such workplace conditions. Harold Meyerson: Shareholder capitalism vs.
stakeholder capitalism. By Harold Meyerson. May 15, Shareholder capitalism in the United States has reached the point of absurdity.