Panic: The Betrayal of Capitalism by Wall Street and Washington

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Panic: The Betrayal of Capitalism by Wall Street and Washington image
ISBN-10:

0980076366

ISBN-13:

9780980076363

Released: Jan 01, 2010
Format: Hardcover, 263 pages

Description:

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.

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