{Download} How Do We Fix This Mess? The Economic Price of Having it all, and the Route to Lasting ProsperityAuthor Robert Peston – Z55z.co

Robert Pestons compelling account of global financial meltdown is a must read ObserverWhat can we learn from therecession ITVs political editor explains the global economic mess and how to escape it in his characteristically straightforward way How do we fix this mess I dont know But dont stop reading now Perhaps if we have a clearer understanding of what went wrong, well have a better idea of what needs to be done This book is a map of what needs to be fixedThe record breaking unbroken growth betweenandwasnt the economic miracle that it seemed It was based on a number of dangerous illusions most notably that it didnt matter that the UK and US year after year consumed than they earnedBut we couldnt go on increasing our indebtedness forever The financial crash of and the subsequent economic slump in much of the west was the moment when we realised we had borrowed than we could afford to repaySo who got it wrong Bankers, investors and regulators And were they greedy, stupid or asleep What was the role of government And what part did we, as consumers, play in all this How do we get through this difficult period of transition to a sustainable economy, one based on investment and exports, rather than on borrowing and consumption With the same probing lucidity he brought to Who Runs Britainand WTF , Robert Peston takes us step by step towards a common sense way to fix this mess

10 thoughts on “How Do We Fix This Mess? The Economic Price of Having it all, and the Route to Lasting Prosperity

  1. Malcolm Rodgers Malcolm Rodgers says:

    Robert does superbly well at debunking some of the technical aspects of the banking world and the series of events that led us to where we are today He then moves on with clarity to set out the problems that have led Europe to where it is today Add to this a detailed account of the workings of the Chinese economy and this book becomes a sort of ready reckoner for any student wishing to gain a good overall grasp of what factors or events have brought the world they live in to this point Well done and thank you Robert.

  2. tallmanbaby tallmanbaby says:

    Robert Peston seems to be one of the few BBC reporters that actually knows something about economics, which is quite refreshing Having said that, I would not agree with his interpretation of comparative advantage, which exists even where one country is productive at producing every product.This book is a solid and detailed account of what went wrong with world economies over the last decade It is as if someone had distilled ten years of the Economist into a rather solid book At heart this is good quality journalism, explaining some very complex stuff, with reasonable clarity There are plenty of facts and figures, perhaps too many, a little human interest would have made it readable, but he does the best with a rather dry topic.Marked down to four marks because at times it was a bit of a slog working through it, some tighter editing could have sharpened it up, or a bit human interest might have made for a lighter read.

  3. D. Allen D. Allen says:

    As a lay person it is very difficult indeed to truly comprehend the big picture of the current financial situation I have read the other reviews of this book, some of which go into considerable descriptive detail so I will not attempt to replicate this here Robert Peston has a very distinctive style which may not be to everyone s taste but I love it Some of the concepts he has to explain are pretty complex and I appreciate the way in which he explains them in several different ways and then tells you what is really important with his trademark phrase Now here s the thing The fact that he does not provide a definitive solution, which I have seen as a complaint, seems to me to be a bit much considering what a masterly job he has done in analysing the problems I think a simplistic solution is neither probable nor desirable but there are plenty of ideas about the direction we should go and, frankly, it is not something government can solve alone anyway What does come out of this is just how minor are the supposed points of difference between Labour and the ConDems.I have seen criticism that the book was written quickly but I don t see this as necessarily bad However speedily it was written it has been well proof read as I could not find any errors My criticism is reserved for the process of Kindelisation which has led to 2 fundamental flaws Firstly the book is not recognised as being English by the Kindle dictionary system and secondly what looks like an excellent and comprehensive index lacks any numbers

  4. J. Baldwin J. Baldwin says:

    This is a very impressive book The story that Peston tells is of course an alarming one but he writes extremely well and is very well informed and erudite He guides the reader through all the complexities of the 2007 8 financial crash and the ensuing recession He explains why we in the West have been able to live beyond our means for so long and spells out, even disturbingly, the consequences for us all, particularly in the light of the continuing scandals within the banking world and the crisis within the eurozone Although much of this discussion is highly technical and that is partly why the bankers have been able to get away with it for so long Peston explains every thing clearly, patiently and in a balanced and sensible manner The solutions he offers make very good sense too.

  5. K D Connelly K D Connelly says:

    Very easy to understand in spite of the complexity of the subject matter Peston is absolutely on the case and holds no bias one way or the other He says it the way it is and helps you to understand it I would thoroughly recommend this book to anyone trying to decide how to vote It appears there are insufficient politicians with the ability to handle this enormous experiment Add to that, the maneuvering to get the better of the other members and it is no surprise the EU is in ever deeper trouble A failed experiment from which a few select individuals have made heaps of money There are plenty of markets around the world eager to do business with Britain without all the nonsense that burdens Europe.

  6. NJB NJB says:

    Robert Peston has the capability of explaining complex economic factors in ways that a layman like me can understand.He also provides a lot of interesting background information.I found a fair amount of that background information overwhelming and there may have been too much I think I would have preferred the book had it been somewhat shorter with the wow facts pruned.It is also fairly depressing It gives little confidence in the people who got us in this mess, those who should have stopped it., nor those who should be sorting it now I didn t detect much hint that the mess is being sorted.Despite my reservations, I think it still gives a very good idea of what has been happening.

  7. Phil Phil says:

    Peston s analysis of the causes of the economic crisis we are in, is fascinating and this book is an essential reading for anyone who wants to understand better the mess that the world is currently in.For me this just highlights the question Where is accountability Why should the regulators and bankers getting paid huge salaries, if they don t also pay for the consequences of their actions These people may have been fired, they might even have lost a knighthood, but they still have their fortunes and huge pensions.When will we see true accountability Claw back ill gotten gains and pensions and make sure they suffer the pain of all the innocent people who have suffered as a consequence of what they have done.

  8. P. Wilkes P. Wilkes says:

    Well written and clear Explains how the leaders of the banking industry did not understand what their whizz kid traders were doing, and we re left floundering when it all went belly up, but they continued to collect the big bucks while the rest od us saw our savings shrink Also makes it clear that most financial journalists didn t know enough about modern banking to ask the right questions.

  9. Jon Bryan Jon Bryan says:

    This book really makes understanding whats happened very simple.A major requirement for me unfortunately.Great read and wpuld recommend it easily

  10. Patrick Spegelaere Patrick Spegelaere says:

    A Fantastic read as advised in the FT FINANCIAL TIMES.Though it is not optimistic and sadly very real