The New Capitalism

It's been the worst financial and economic crisis since the 1930s and this book exposes the naivet矇 and complacency of bankers and authorities when they were confronted with the unmistakable signs that calamity was on the horizon. For banks, the crisis has been a debacle like no other, but it could have been even worse?an economic Armageddon. Posing the questions If the old capitalism failed, have we really learned anything? and Do any of us really understand the painful implications of the new economic reality, that we can no longer borrow as much as we'd like to maintain our living standards?, this account shows how the onset of that storm has changed the economic landscape forever. It also predicts the jobs that will be available, the necessary skills that will be needed, how to save, how the banks and big companies will be run, and what the new compact between the public and private sectors will be.