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The Gods that Failed: How Blind Faith in Markets Has Cost Us Our Future

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Over the past three decades, governments have ceded economic control to a new elite of free-market operatives and their colleagues in national and international institutions like the IMF, the World Bank, and the World Trade Organization. They promised economic stability but have delivered chaos. Their speculation has left the global economy more vulnerable to a financial collapse than any time since 1929.

Two leading financial journalists dissect this financial elite, tracing their origins to a secretive gathering of free-market economists in 1947, and propose a series of far-reaching reforms that can save us from a new depression.

Behind us was a dark and dreadful cloud, which, as it was broken with rapid zigzag flashes, revealed behind it variously shaped masses of flame: these last were like sheet lightning, though on a larger scale.

—pliny the younger, account of the eruption of Mount Vesuvius

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