How Runaway Expectations Broke The Economy and How To Get Back to Reality
About: Fixing The Game
American capitalism is in dire straits, caught in a perilous pattern of
increasing volatility, decreasing investor returns, and ongoing bad behavior by
executives. And it's getting worse. Since the turn of the twenty-first century,
we've seen two massive value-destroying market meltdowns and a string of ethics
breaches, including accounting scandals, options-backdating schemes, and the
subprime mortgage debacle.
Just what is going on here? Is it the inevitable decline of the American
economy? Is it the new normal in a technology-enabled global marketplace? Or is
it possible that the very theories we've