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A Banquet of Consequences RELOADED

How we got into the mess we're in, and why we need to act now
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Book Hero Magic crafted this summary to help describe this book. While it's new and still learning, it may not be perfect - your feedback is welcome! Summary
A Banquet of Consequences RELOADED by Satyajit Das explores the intricate and interconnected challenges the world faces, delving into economic, political, and social dynamics while assessing the consequences of past actions. Through a critical examination of global financial systems and environmental issues, the book offers insights into the complexities of today's world and the urgent need for change. It provides a thought-provoking analysis aimed at understanding how current decisions will shape the future.
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Book Hero Magic created this recommendation. While it's new and still learning, it may not be perfect - your feedback is welcome! IS THIS YOUR NEXT READ?

You might enjoy this book if you're interested in understanding the complex dynamics of global economics and how financial systems impact societies. The author provides insightful analyses and perspectives on the intricate relationships between economic forces, societal changes, and future consequences. Ideal for those who appreciate in-depth exploration of economic trends and their global implications.

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Book Hero Magic formatted this description to make it easier to read. While it's new and still learning, it may not be perfect - your feedback is welcome! Description

A powerful book . . . highly readable and informative . . . Demands to be read. - Lindsay Tanner, The Monthly

Informed, impassioned, insightful and witty, Satyajit Das returns with a substantially updated edition of his 2015 classic. A Banquet of Consequences RELOADED is the only book you need to understand how we got into our current economic, environmental, and social mess - and how we might find our way out.

For ordinary individuals, the goal of a steady job, a home of one's own, a comfortable retirement, and better opportunities for their children is receding. In this brilliant, clear-eyed account, updated to include over 150 pages of new insights and analysis, Satyajit Das links past, present, and future to show that it's not just our unrealistic expectations but poor choices that are to blame.

The strategies after the Great Recession have failed, not least because such growth cannot continue indefinitely. The COVID-19 pandemic was merely the pin that pricked an ever-expanding bubble of fake prosperity and false hopes. It is the first trial of many to come. The solution - fundamental change - involves cost and is therefore ignored. Das explains why the ultimate adjustment, whether stretched out over time or in the form of another sudden collapse, will be life-changing.

Essential reading for anyone concerned about the dire fate of the global economy, the fallout of the COVID-19 pandemic, the deepening environmental crisis, and the alarming deterioration of our social fabric, A Banquet of Consequences RELOADED is a ground-breaking book of our times and a cautionary window into our future.

An internationally respected commentator on financial markets, credited with predicting the Global Financial Crisis and featured in the 2010 Oscar-winning documentary Inside Job, Satyajit Das is our finest writer about the forces underlying society and the global economy.

Book Details

INFORMATION

ISBN: 9781761041921

Publisher: Penguin Random House Australia

Format: Paperback / softback

Date Published: 02 March 2021

Country: Australia

Imprint: Viking Australia

Audience: General / adult

DIMENSIONS

Spine width: 36.0mm

Width: 155.0mm

Height: 233.0mm

Weight: 647g

Pages: 496

About the Author

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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