Banquet of Consequences: The Reality of Our Unusually Uncertain Economic Future (Financial Times Series)

About this book

The current environment of zero-cost money concentrated bank power and anaemic productive growth has coalesced not by accident or economic cycle but by wilful choice. Das warns that without significant change the only possible future holds dire consequences for all but an elite few. His tone is as urgent as the problem. All central bankers politicians and citizens should heed his words. Nomi Prins author of Other Peoples Money and All the Presidents Bankers Written with passion and insight and laden with facts the book provides a clear explanation of the economic social and political issues that lie ahead and the difficulty in solving them. Jon Markman Forbes columnist and president and publisher of Markman Capital Insight A Banquet of Consequences is an intricately researched decisively written and devastating analysis of todays economy. Satyajit Das connects disparate strands of a story and in doing so delivers a damning critique of global economic policies of the last 50 years. He argues that governments and citizens of every political hue are now so addicted to growth and resistant to change that a prolonged period of chronic stagnation sustained by large infusions of monetary morphine and continuous interventions or an unavoidable financial political and social breakdown are the only possible outcomes.