Author Richard A. D’Aveni has written a very compelling book with Strategic Capitalism, a book that provides some very important information for Americans to review and consider due to the coming economic cold war between the United States and China. Mr. D’Aveni asserts that the United States’ traditional version of capitalism must be adapted in order to compete with China’s conglomeration of various types of capitalism. The beginning of the book details the many different pure types of capitalism – Laissez-Faire, social-market, managed, and philanthropic – and how these have been used over the years in many different economies. Mr. D’Aveni points out that rarely is a single pure type of capitalism ever the only type of capitalism in use in an economic system, but rather that many different forms of capitalism are blended together to work in the economic and political interests of the country or union in question. […]
globalization
Book Review: The Last Economic Superpower
Have you found yourself wondering over the past couple of years just how the Great Recession came about? What sorts of things led up to this meltdown, and how far in advance did it all start? What might we do in the future to keep something similar from happening again? In his book, The Last Economic Superpower, Joseph P. Quinlan does a wonderful job of answering those questions and many, many, more. While the text does get long on statistics and therefore a bit technical to comprehend, I think Quinlan has done an excellent job overall of walking the reader through the precursors to the crisis, the crisis itself, and what our present situation looks like as a result. The first section of the book covers all the events leading up to the late-2008 global economic crisis, tracing issues back to the very roots of the rise of globalization after […]
Sterling Raskie, MSFS, CFP®, ChFC®
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