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Reviews of : Wall Street How It Works and for Whom by Doug Henwood PDF Book
Inside this Book – This “down and dirty” diatribe about American finance, journalist and New York radio personality Henwood makes no attempt at a balanced portrayal of Wall Street. He aims to “embarrass official wisdom” and expose the financial world’s weaknesses, perhaps too gloatingly. Intemperate phrasing abounds, e.g., “real estate is based on milking wealth from land and tenants.” Admittedly, Henwood flails at both the Left and the Right, and he doesn’t hide his biases, but he lovingly quotes Keynes and Marx a little too often. Henwood doesn’t claim to be offering any practical investment advice; nor does he present any solutions to the problems against which he fulminates.
Inside this book –Wall Street How It Works and for Whom PDF Book by Doug Henwood – Really good. it’s refreshing to read someone citing keynes sceptically, and it’s a hoot to read about microloans and “local” banking in a book written in the mid nineties, when in 2012 these things are dumb fads all over again. his suggestions, near the end of the book, are also really good in that they’re practical even if they are politically inconceivable. wealth taxes, public spending, increasing friction for financial instruments with fees and capital controls, taking resources out of the market entirely (his community land trusts example), etc. normally people just say “kick the parasites out” which is ok but not really that productive. sort of like smashing a machine because you don’t understand how it works instead of using it for a different purpose.
Wall Street How It Works and for Whom by Doug Henwood PDF : eBook Information
- Full Book Name – Wall Street How It Works and for Whom
- Author of this Book – Doug Henwood
- Language – English
- Book Genre –Business & Investing, Investing, Stocks
- Download Format – PDF
- Size – 1.1 MB
- eBook Pages –382
- Price – Free