Did Greed Kill Capitalism?
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About this ebook
American capitalism changed fundamentally after 1980. Aggressive deregulation, privatization, entitlements, greed and creative financing have since generated a chaotic market and drove America into astonishing debt. Simultaneously, the world has innovated and invented itself into an Information Revolution, analogous to the earlier Industrial Revolution. Electronics technology structures this new information world and creates great wealth. However, balancing this wealth with the debt load may be beyond it.
Laws push to the left with entitlements and welfare and to the right with greed, corporate theft and a narrow distribution of wealth. Benefits and stock options dilute stockholder ownership constituting a sophisticated theft. These constraints leave little room for the invisible hand of a free market. An existential greed, or a greed kabal, now threatens capitalism as never before. American capitalism must be reformed and strengthened to survive this assault. This book explains this and unravels the nexus between greed, debt, technology, wealth and free markets.
Jack R. Williams
Jack Williams has advanced degrees in Electrical Engineering and Economics. He has published over 20 peer-review papers in technical journals and elsewhere. These were on statistical detection and information theory and conceptualized mostly military machines in radar, sonar, intelligence and communications. Several countries deploy these. He flew as an aircrew member in the U.S. military for four years and made worldwide deployments. He supported and lived with the Chinese Air Force in Taiwan for three years. He served on NATO’s Armament Committee in a multinational NATO frigate design for two years. He has also traveled widely in support of U.S. and other militaries and on commercial business. He was a designer on both Low-Flyer and High-Flyer intelligence aircraft and on missiles and satellites. He co-authored the book, Diaspora to the Sun — Through Revolution, War and Cold War listed on Amazon and elsewhere. It is a true epic journey.
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