The unfair trade : how our broken global financial system destroys the middle class

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Full Title:: The unfair trade : how our broken global financial system destroys the middle class / Michael J. Casey

Subjects:: Finance--History--21st century
Economic history--21st century
Middle class
Income distribution
China--Foreign economic relations

Table of Contents:: pt. 1: The rise of China --Origins of dysfunction : how we got here -- Average Joes : drowning in a sea of global financial liquidity -- Virtue and vice : the savings and debt conundrum -- The long reach : China's insatiable appetite -- Race to the bottom : losers in the global economy -- pt. 2: The rise of global finance -- Global finance between a rock and a hard place : too big to fail and too big to succeed -- The little nation that could : cutting bankers down to size -- PIIGS and the systemic crisis : when bond vigilantes get their dander up -- The global liquidity machine -- What is to be done? : Toward a less tumultuous world.
Summary:: "The global financial system has enormous influence on the day-to-day lives of billions, yet is shrouded in mystery and poorly understood. Through narrative-driven reporting, vivid storytelling, and perceptive analysis Michael Casey brings to light the distorted, dysfunctional global economic system that benefits a tiny elite but leaves the rest of the world's population powerless. In ways that wonkish tomes cannot, this anecdote-rich account of the effects of global finance on the lives of ordinary people shows why we must understand and care about rigid misaligned exchange rates, currency wars, and the dangerous imbalance in the world's savings and spending patterns"--Provided by publisher.
Language:: English
Physical Type/Description:: viii, 403 pages ; 25 cm