25.1.10

Andrew Sorkin - Too Big To Fail


A lot of books have been written on the subject of the ongoing worldwide financial crisis. Most of them are actually funny and nevertheless, insulting to democracy (of society and event the market itself): scholars and big players that led the world into this mess and didn't even understand what they were doing (and saying as they went along), are portrayed like successful minds that just couldn't fight the inevitable. It is the same idea with governments keeping these same people in their chairs and not even proposing to take all their money and belongings, but moreover giving them more billions in bonuses!

"Too Big to Fail: The Inside Story of How Wall Street and Washington Fought to Save the Financial System -- And Themselves" by Andrew Sorkin (of the NYTimes) is sth different. Sorkin has actually tried to understand what has happened and is still going on. Combined with his unlimited access to the sources themselves, he presents us the show as it is: a game of 10-12 persons that actually rule the world, according to their minds and interests. It is amazing to follow Sorkin's route, through interviews, statements, reports etc, and to realise that this is actually what happens in the world and that these people actually don't care. They care about their money, meaning the money they as persons are making.

A good reading to once again realise that our age (with it's technology and benefits) is actually found in debt in lot of ways, especially in ideas and principle. Even if you are not an avid reader (in which case you need to stay away from my blog), it's just fine: the book can be read by Dan Brown's fans, too.

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