Barb Caffrey's Blog

Writing the Elfyverse . . . and beyond

Just Reviewed Michael Casey’s “The Unfair Trade” at SBR

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My long-delayed review of Michael Casey’s excellent THE UNFAIR TRADE: How Our Broken Financial System Destroys the Middle Class is up over at Shiny Book Review (SBR).  This may be the most important book you will ever read, and it’s one everyone should read, whether you’re a writer, an editor, or just a run-of-the-mill middle-classer on the street.

Casey’s view is that the global economy is so interdependent, yet is so poorly regulated, that it’s likely that more global meltdowns of the type we saw in 2007-8 will happen.  And as he points out so well in his book, the middle class was actively harmed by this latest meltdown — harmed badly — while in many cases the people who caused the meltdown in the first place got off unscathed.

Casey is a long-time financial writer who currently works for Dow Jones and The Wall Street Journal.  He understands what he’s talking about.  And he discusses things in such a lively way that you almost forget you’re reading a book about global finance — that is, until you realize how many stupid things have been done by “the big banksters” in the name of profit that have actively hurt the middle class in every country.

Seriously, you need to run, not walk, to the bookstore and grab a copy of THE UNFAIR TRADE.  (If you’re broke, as I tend to be, go to the library and get a copy instead.)  Read this book, think about what Casey says, and then insist on the regulations that Casey points out are needed.

So what are you still doing here?  Go read my review, then go get the book.  Then ponder the need for appropriate regulation, as it’s obvious that computerization and mechanization have made most of the laws on the books either irrelevant or inaccurate, take your pick.

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Written by Barb Caffrey

November 10, 2012 at 12:52 am

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