The Financial Crisis and the Free Market Cure
Why Pure Capitalism Is the World Economy’s Only Hope
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Narrated by:
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Alan Sklar
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By:
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John Allison
About this listen
Did Wall Street cause the mess we are in? Should Washington place stronger regulations on the financial industry? Can we lower unemployment rates by controlling the free market? Answer: no. Not only is free-market capitalism good for the economy, it is our only hope for recovery. As the nation’s longest-serving CEO of one of the top 25 financial institutions, John Allison has had a unique inside view of the events leading up to the financial crisis. He has seen what the government has done to the real estate market and how government regulations only make matters worse. Now in this controversial wake-up call of a book, he has given us a solution.
With shrewd insight, alarming insider details, and practical advice for today’s leaders, this electrifying analysis is nothing less than a call to arms for a nation on the brink. In the end, you’ll understand why it’s so important to put the “free” back into free market.
About the author: John Allison is the former chairman and CEO of Branch Banking & Trust Corporation. He currently serves as a distinguished professor at the Wake Forest University School of Business. He is an inductee of the North Carolina Business Hall of Fame.
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There is no one better qualified to tell us about the failures of the American financial system and the grotesque abuses that have taken place in recent years than John C. Bogle, founder and former chief executive of the Vanguard mutual-fund group. This legendary mutual-fund pioneer has witnessed firsthand the innermost workings of the financial industry for more than 50 years and has set the standards for sound investment strategies and stewardship.
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Do You Own a Mutual Fund?
- By M. Kettell on 02-02-08
By: John C. Bogle
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The End of Normal
- The Great Crisis and the Future of Growth
- By: James K. Galbraith
- Narrated by: L. J. Ganser
- Length: 9 hrs and 27 mins
- Unabridged
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The years since the Great Crisis of 2008 have seen slow growth, high unemployment, falling home values, chronic deficits, a deepening disaster in Europe - and a stale argument between two false solutions, “austerity” on one side and “stimulus” on the other. Both sides and practically all analyses of the crisis so far take for granted that the economic growth from the early 1950s until 2000 - interrupted only by the troubled 1970s - represented a normal performance.
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The Shifts and the Shocks
- What We've Learned - and Have Still to Learn - from the Financial Crisis
- By: Martin Wolf
- Narrated by: Sean Pratt
- Length: 14 hrs and 53 mins
- Unabridged
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The Shifts and the Shocks is not another detailed history of the crisis, but the most persuasive and complete account yet published of what the crisis should teach us about modern economies and economics. The audiobook identifies the origin of the crisis in the complex interaction between globalization, hugely destabilizing global imbalances and our dangerously fragile financial system.
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Good on Europe's problems, fair global update
- By Philo on 01-08-15
By: Martin Wolf
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The Death of Money
- The Coming Collapse of the International Monetary System
- By: James Rickards
- Narrated by: Sean Pratt
- Length: 13 hrs and 13 mins
- Unabridged
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The international monetary system has collapsed three times in the past hundred years, in 1914, 1939, and 1971. Each collapse was followed by a period of tumult: War, civil unrest, or significant damage to the stability of the global economy. Now James Rickards, the acclaimed author of Currency Wars, shows why another collapse is rapidly approaching - and why this time, nothing less than the institution of money itself is at risk.
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A good review of the global financial system
- By Jean on 04-22-14
By: James Rickards
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Globalization and Its Discontents
- By: Joseph E. Stiglitz
- Narrated by: Derek Perkins
- Length: 10 hrs and 33 mins
- Unabridged
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This powerful, unsettling book gives us a rare glimpse behind the closed doors of global financial institutions by the winner of the 2001 Nobel Prize in Economics. When it was first published, this national best-seller quickly became a touchstone in the globalization debate. Renowned economist and Nobel Prize winner Joseph E. Stiglitz had a ringside seat for most of the major economic events of the last decade, including stints as chairman of the Council of Economic Advisers and chief economist at the World Bank.
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Plea
- By Asma on 10-13-20
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Aftershock
- The Next Economy and America’s Future
- By: Robert B. Reich
- Narrated by: Robert Reich
- Length: 4 hrs and 30 mins
- Unabridged
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The author of 12 acclaimed books, Robert B. Reich is a Chancellor’s Professor of Public Policy at the University of California, Berkeley, and has served in three national administrations. While many blamed Wall Street for the financial meltdown, Aftershock points a finger at a national economy in which wealth is increasingly concentrated at the top - and where a grasping middle class simply does not have the resources to remain viable.
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Very plausible assessment of our economy
- By CAR TOP CAMPER on 10-06-10
By: Robert B. Reich
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Shaky Ground
- The Strange Saga of the US Mortgage Giants
- By: Bethany McLean
- Narrated by: Gabra Zackman
- Length: 3 hrs and 33 mins
- Unabridged
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In 2008 the US Treasury put Fannie Mae and Freddie Mac into a life-support state known as "conservatorship" to prevent their failure - and worldwide economic chaos. The two companies, which were always controversial, have become a battleground. Today, Fannie and Freddie are profitable again but still in conservatorship. Their profits are being redirected toward reducing the federal deficit, which leaves them with no buffer should they suffer losses again.
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Details on the Culture and History of the GSEs
- By Jose on 10-15-15
By: Bethany McLean
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After the Music Stopped
- The Financial Crisis, the Response, and the Work Ahead
- By: Alan S. Blinder
- Narrated by: Graham Vick
- Length: 15 hrs and 50 mins
- Unabridged
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Alan S. Blinder - esteemed Princeton professor, Wall Street Journal columnist, and former vice chairman of the Federal Reserve Board under Alan Greenspan - is one of our wisest and most clear-eyed economic thinkers. In After the Music Stopped, he delivers a masterful narrative of how the worst economic crisis in postwar American history happened, what the government did to fight it, and what we must do to recover from it.
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Irresponsible, corrupt, and confused book
- By Thomas on 12-22-14
By: Alan S. Blinder
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Why Wall Street Matters
- By: William D. Cohan
- Narrated by: Rob Shapiro
- Length: 4 hrs and 14 mins
- Unabridged
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William D. Cohan is no knee-jerk advocate for Wall Street and the big banks. He's one of America's most respected financial journalists and the progressive best-selling author of House of Cards. He has long been critical of the bad behavior that plagued much of Wall Street in the years leading up to the 2008 financial crisis, and because he spent 17 years as an investment banker on Wall Street, he is an expert on its inner workings as well.
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An Inch Deep and A Mile Wide
- By Doug Sheridan on 04-26-17
By: William D. Cohan
What listeners say about The Financial Crisis and the Free Market Cure
Average customer ratingsReviews - Please select the tabs below to change the source of reviews.
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- The Old Knight
- 04-23-17
The financial crisis and the free market cure
In this book, John Allison the former BB&T CEO explains the reasons for the financial crisis of 2007-2008: Government intervention and support for Cronies such as Fannie Mae and Freddy Mac. He provides hid perspective a responsible bank CEO that saw all the distortions the government created to support fancy political goals of expanding home ownership. Every government action is usually a scheme to buy the votes of some sector of the electorate and this book provides some history into that. He goes over several aspects of the financial system and explains the history of government intervention and the bad incentives it added to the system.
He also explains the cure of true free market where everyone is left to pursue his goals as long as he doesn't use coercion against other. Mr. Allison demonstrates how a combination of pragmatism and misguided altruism drove us away from the principles that this country was built on such as liberty and limited government towards statism and redistribution. He correctly advocates for the return to these founding principles through education.
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- Sierra Bravo
- 09-05-17
What happened that did not make the public relm
I waited a while before reviewing this book. Time often improves perspective. I would say that this is an essential read fro anyone wishing to understand the financial crisis on more than a rudimentary level.
The view of the financial crisis from someone who survived it (very well thank you) John's insight into what caused it and what exacerbated it are probably more first hand than anything else you will read. It makes it very clear that there was plenty of blame to go around both for the regulators (who helped cause the problem) and the banks themselves (whose actions were often unethical). This is a front line report you will learn a lot you probably have not read elsewhere.
Finally the last part of the book contains probably the best discussion of "Business Ethics" that I have read. As someone who had taught the subject at the college level, and as as such has reviewed the standard course material available, John's discussion of ethics is outstanding and should be required reading for any business major. If I were still teaching I would use it as the definitive text on the subject.
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1 person found this helpful
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- Paul Frew
- 07-20-16
Fantastic Insider Perspective
Really great book. Fresh information and perspective on the financial crisis. Good solid solutions. Great narration.
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- Anonymous User
- 01-04-23
Very insightful book and nice performance
The illustrator’s voice is very easy to understand and also telling the story in a pleasant way. The author has pointed out both facts and logics in a reasonable way.
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- Frank
- 10-12-13
BEST BOOK I HAVE READ THIS YEAR!!
If you could sum up The Financial Crisis and the Free Market Cure in three words, what would they be?
Of all the books I have read about The Financial Crisis that hit us in 2008, FREE MARKET CURE is hands down the BEST! Along with spelling out why it happened, John Allison also discusses the issues that our country needs to address to further promote our economic prosperity. GREAT BOOK!
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2 people found this helpful
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- Donovan
- 02-16-18
The truth about the causes of Great Recession.
Finally someone tells the truth about the causes of the Great Recession. It was the government and their altruistic could do gooder policies that caused the Great Recession.
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- deep
- 05-08-17
one of the best books on business
one of the best books written on the stupidity of the liberal progressives government and how doin g nothing is usually better than having Democrats fix things. intelligence like this could never be taught in public school it's to good.
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- John
- 12-24-12
Informative & powerful vindication for Capitalism
Would you recommend this audiobook to a friend? If so, why?
Yes. Allison does a good job clearly explaining the pro & cons of two economic ideologies (Socialism and Capitalism) providing the reader with an understanding or education to see the political and social events playing out in our nation
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2 people found this helpful
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- Nate N.
- 09-06-16
This is the book America needs!
I highly recommend this book. It's just the prescription for how to dig ourselves out of the current financial crisis. The failed policies of government control need to be done away with once and for all. Great book with great ideas.
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- Amazon Customer
- 06-18-17
A voice of Common Sense and Sanity
The author writes about economics and how free market capitalism is the only moral and just system. But he also discusses life - what a Purpose Driven Life is and why it is important. An excellent read.
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