'A powerful book . . . highly readable and informative . . . Demands to be read.' - Lindsay Tanner, The Monthly
Satyajit Das is a globally respected former banker and consultant
with over forty years' experience in financial markets. In 2014,
Bloomberg nominated him as one of the fifty most influential
financial thinkers in the world.
Das presciently anticipated, as early as 2006, the Global Financial
Crisis. Subsequently, he accurately described the evolution of the
post-crisis world - sluggish growth, disinflation, the increasing
ineffectiveness of policy measures and retrenchment from
globalisation. He identified the increasing political and social
dimensions of the crisis, especially the growing democracy deficit
and the end of trust. In 2016, in the context of the SARS and Ebola
epidemics, he drew attention to the risk of disease and the lack of
preparedness to deal with a global health crisis.
In his writings and public talks, he highlighted the linkages
between the economic challenges and environmental, resource, and
socio-political constraints, such as inequality and
inter-generational tensions. The extend-and-pretend model, he
argued, had reached the end of its utility, and rising complacency
combined with the reluctance to make difficult choices made a
serious future crisis inevitable.
Das is the author of two international bestsellers, Traders, Guns &
Money- Knowns and Unknowns in the Dazzling World of Derivatives
(2006) and Extreme Money- The Masters of the Universe and the Cult
of Risk (2011). He was featured in Charles Ferguson's 2010
Oscar-winning documentary Inside Job, the 2012 PBS Frontline series
Money, Power & Wall Street, the 2009 BBC TV documentary Tricks with
Risk, and the 2015 German film Who's Saving Whom?
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