Menu
Clone of Alibaba (BABA) IPO Shares Jump 36%

Alibaba (BABA) IPO Shares Jump 36%

The Sexiest Halloween Costumes of 2014

The Sexiest Halloween Costumes of 2014

Mazda Miata 2016 model revealed

Mazda Miata 2016 model revealed

Miley Cyrus New Butt Gets in Trouble with Law

Miley Cyrus New Butt Gets in Trouble with Law

Larry Ellison Steps Down as CEO of Oracle

Larry Ellison Steps Down as CEO of Oracle

For Those Who Care About America's Future, A Stocking-Stuffer Of A Book: 'The Crash of 2016'

Dec 21 2013, 11:16am CST | by , in News

For Those Who Care About America's Future, A Stocking-Stuffer Of A Book: 'The Crash of 2016'
Photo Credit: Forbes
 
 

It’s Panic Saturday, the last big shopping day before Christmas. As you race to find stock stuffers for your more economically curious friends, I have the very thing: Thom Hartmann’s new book The Crash of 2016: The Plot to Destroy America – and What We Can Do to Stop It.

The book is a deeply researched indictment of the forces that in recent decades have changed America for the worse. Its conclusion is uncompromising: the formerly enlightened American political and economic system has long been hijacked by an unscrupulous and greedy elite. The result is a “for the rich, by the rich” scheme that has already cost the middle classes dear and has set the nation on course for “the most catastrophic crash in American history.”

This is a big agenda for any one book but Hartmann, host of The Big Picture current affairs program, is a gifted communicator with an unparalleled command of the material. Again and again he comes up with just the right statistic, example, or anecdote to make his point.

At this point, I should declare an interest: Thom Hartmann is a friend and I have appeared several times on his one-hour TV show. The book’s cover carries my commendation, in which I describe his analysis as a tour de force.

Hartmann speaks unequivocally for the middle class, and as such is too readily tuned out by the right. Certainly to characterize him simply as a narrow-gauge spokesman for liberalism is to slight the historic importance of his message. Although he stands shoulder to shoulder with Ralph Nader and Michael Moore as an icon of the left, he brings to his analysis an unmatched and nuanced experience of the real world, and a balanced and fair approach that maintains an open door to thinkers of all persuasions through to members of the Ayn Rand Institute.

At 13, he campaigned for Barry Goldwater. After a stint as a disk jockey, he worked as an electrical engineer for RCA, an experience that has evidently alerted him to the catastrophe of America’s loss of its formerly world-beating consumer electronics. A former resident of Detroit and Atlanta, he knows what it is like to be an entrepreneur, having founded both a travel company and an advertising agency.

In a 2013 interview with Politico, Hartmann described his political philosophy as democratic socialism: “I’ve lived in Europe. I think that the countries that call themselves democratic socialist — Germany, France, Norway, Sweden, Denmark, Finland — have the most functional political and economic system. So, somebody says, what’s your political philosophy? I’d say Democratic socialism. But boy, the crap you take when you say socialist. Because people don’t understand it. They think I’m talking about Soviet-style socialism, which I’m not.”

One of the book’s key elements is a damning account of the latter-day Goldman Sachs (chapter heading: “Masters of the Universe”). Everywhere you look in the dysfunctional world of modern finance, Goldman Sachs seems to be at work. Although the firm’s motto is “Our clients’ interests always come first,” Goldman seems to have taken to a fine art the latter-day Wall Street skill of making money out of clients’ losses. He cites in particular a notorious episode in which the firm helped Greece conceal the level of its borrowings, a maneuver that when found out helped precipitate the euro crisis and dealt disaster to countless Greek citizens.

As Hartmann points out, Goldman’s old boys are widely apparent at the top in politics on both sides of the Atlantic these days. Just a few examples include former U.S.  Treasury Secretary Henry  Paulson and European Central Bank head Mario Draghi. Then there is former Goldman executive Lucas Papademos who was installed as Greece’s prime minister – to mop up the mess the firm had made. Once thing seems undeniable: their alma mater can have few complaints about whose interests its old boys are serving.

Source: Forbes

You Might Also Like

Updates

Shopping Deals

 
 
 

<a href="/latest_stories/all/all/31" rel="author">Forbes</a>
Forbes is among the most trusted resources for the world's business and investment leaders, providing them the uncompromising commentary, concise analysis, relevant tools and real-time reporting they need to succeed at work, profit from investing and have fun with the rewards of winning.

 

 

Comments

blog comments powered by Disqus

Latest stories

Sophia Loren&#039;s stunning at 80
Sophia Loren's stunning at 80
Today, screen legend Sophia Loren turned 80 and she never looked more beautiful while putting her life on display in Mexico City.
 
 
Apple details out-of-warranty repair costs for the iPhone 6 family
Apple details out-of-warranty repair costs for the iPhone 6 family
The charges are separated into three categories – screen damage, battery and power, and other repairs.
 
 
Goldgenie offers 24ct gold-plated iPhone 6 and iPhone 6 Plus
Goldgenie offers 24ct gold-plated iPhone 6 and iPhone 6 Plus
You can get either an Apple iPhone 6 or an iPhone 6 Plus in one of three versions.
 
 
Kim Kardashian Nude Photos Leaked by Hacker
Kim Kardashian Nude Photos Leaked by Hacker
We have a new celebrity nude photo scandal this weekend. A hacker has published nude photos of Kim Kardashian and others on 4Chan.
 
 
 

About the Geek Mind

The “geek mind” is concerned with more than just the latest iPhone rumors, or which company will win the gaming console wars. I4U is concerned with more than just the latest photo shoot or other celebrity gossip.

The “geek mind” is concerned with life, in all its different forms and facets. The geek mind wants to know about societal and financial issues, both abroad and at home. If a Fortune 500 decides to raise their minimum wage, or any high priority news, the geek mind wants to know. The geek mind wants to know the top teams in the National Football League, or who’s likely to win the NBA Finals this coming year. The geek mind wants to know who the hottest new models are, or whether the newest blockbuster movie is worth seeing. The geek mind wants to know. The geek mind wants—needs—knowledge.

Read more about The Geek Mind.