Overview

The concentration of power and wealth in the hands of a small predatory class, repeated crises, the inability of politicians to influence the course of events, worsening inequalities and the end of growth are the hallmarks of today's capitalism. Since the fall of communism, capitalism has had no competitors. Will it die one day? Not in the short term: the system is stronger than governments, its worst scoundrels enjoy widespread impunity, and while economists have little or no understanding of how it works, no clear alternative is emerging. Above all, no one seems to be seriously considering a fundamental reform of modern financial capitalism. So, do we have to live with it... or not? Curiously, a century earlier, this same situation had been analyzed by Nikolai Dimitrievich Kondratieff, a famous economist and a committed player in the Russian Revolution of 1917. Kondratieff was executed by Stalin in 1938 for having scientifically demonstrated the eternity of capitalism. Would he have the same opinion about capitalism today?

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9782315014088

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A writer and economist, Jean-François Bouchard is an international consultant to major financial institutions: central banks, the International Monetary Fund and the World Bank. Published by Max Milo, he is the author of Hitler's Banker, a biography of Hjalmar Schacht, the evil and brilliant financier to whom Adolf Hitler owed his power, and Un demi-siècle au bord du gouffre atomique, an account of global crises that could have ended in nuclear war.

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