City Libraries, City of Gold Coast

A banquet of consequences, Satyajit Das

eng

Includes bibliographical references and index

index present

non fiction

A banquet of consequences

bibliography

Satyajit Das

For ordinary individuals, the goal of a steady job, a home of one's own, a comfortable retirement and better opportunities for their children is receding. In this brilliant, clear-eyed account, updated to include over 150 pages of new insights and analysis, Satyajit Das links past, present and future to show that it's not just our unrealistic expectations but poor choices that are to blame. The strategies after the Great Recession have failed, not least because such growth cannot continue indefinitely. The COVID-19 pandemic was merely the pin that pricked an ever-expanding bubble of fake prosperity and false hopes. It is the first trial of many to come. The solution - fundamental change - involves cost and is therefore ignored. Das explains why the ultimate adjustment, whether stretched out over time or in the form of another sudden collapse, will be life-changing

Preface to the 2021 edition -- Prologue: reality bites -- Great expectations: postwar booms and busts -- Borrowed times: causes of the global financial crisis and the great recession -- Escape velocity: the power and impotence of economic policies -- The end of growth: the factors driving secular stagnation and the new mediocre -- Running on empty: the resource and environmental constraints on growth -- Circling the wagons: globalisation in reverse -- BRIC(s) to BIITS: the rise and fall of emerging markets -- Economic apartheid: the impact of rising inequality on growth -- The end of trust: how a democracy deficit harms economic activity -- Collateral damage: the fallout for ordinary lives -- Epilogue: final orders -- Postscript - the end of the game

Banquet of consequences reloaded, how we got into the mess we're in, and why we need to act now