The Gods that Failed
How Blind Faith in Markets Has Cost Us Our Future
Publication Date: March 16, 2010
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The Gods That Failed tells the story of how the financial elite brought us to the brink of collapse. It shows how over the past three decades democratic governments have ceded control to a new elite of super-rich, free-market operatives and their colleagues in international institutions like the IMF, the World Bank, and the World Trade Organization. This new elite promised economic stability, but delivered chaos instead.
Two of the world’s most formidable journalists engage in a remorselessly forensic dissection of the meltdown, tracing its origins to a secretive gathering of freemarket economists in 1947, and exposing how its agendato unleash market forces into every sphere of public lifewas realized, piece by piece, over the years. Now that this elite has brought us to the brink of ruin, the authors propose a series of far-reaching reformsan economy that is run and regulated in the interests of ordinary peoplewhich they believe can save us from another worldwide depression.