The Age Oversupply, Daniel Alpert
The Age Oversupply, Daniel Alpert
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The Age Oversupply
Overcoming the Greatest Challenge to the Global Economy

Author: Daniel Alpert

Narrator: Don Hagen

Unabridged: 10 hr 34 min

Format: Digital Audiobook Download

Publisher: Ascent Audio

Published: 10/01/2013


Synopsis

Why Western capitalism is broken and how the U.S. can recover its global economic leadership status

The governments and central banks of the developed world have tried every policy tool imaginable, yet our economies remain sluggish, or worse. How did we get here, and how can we emerge from the longest downturn in recent memory?

Daniel Alpert, a progressive Wall Street banker and economist, argues that we are living in the age of oversupply. A global labor glut, a flood of excess productive capacity, and the persistent availability of cheap money have kept the developed world in a perpetual slump—which is unlikely to right itself without new policy solutions.

For decades, economists and political leaders failed to see the signs of what became a cataclysmic shift in the global economy. Distracted by a technology boom and massive debt bubble, advanced nations failed to assess the full impact of the flood of labor and capital unleashed by the end of socialist economies until the most recent financial crisis exposed it. As the BRICs (Brazil, Russia, India, and China) and others continue to poach jobs from Western Europe, Japan, and the United States, prosperity in the developed world remains under threat.

This is an alarming, insightful take on our current challenges, with bold policy prescriptions, from one of our sharpest economic minds.

Reviews

Goodreads review by Jim

We are awash in cash. Well some folks are: the world’s billionaires, large high tech corporations, and some nations. Not surprisingly China is cash-rich, but who would think that countries like Brazil also have so much capital they can’t find a place to invest it. According to Alpert this situation......more

Goodreads review by Athan

A better title for the book would have been "Everything Daniel Alpert understands about the world economy." The author is educated, informed, open-minded and appears extremely well-read. Also, significantly, he comes with no ideological baggage and no axe to grind. This is really what he thinks. He i......more

Goodreads review by Yh Gian

Very interesting book explaining some of the grand forces surrounding globalization that have been quite overlooked or perhaps just not explained as well. It's not just global trade being more prevalent but also the changes in regimes in Russia, China and India bringing more so much more supply thus......more

Goodreads review by Howard

This book is bone dry, but explains some complex concepts in a way that's almost (not quite, though) approachable. If you believe everything that Mr. Alpert tells you, you'll need some serious Prozac.......more