- How Hidden Fractures Still Threaten the World Economy
- Narrated by: Devin Ryan Pearl
- Length: 11 hrs and 18 mins
- Unabridged Audiobook
- Release date: 10-26-17
- Language: English
- Publisher: Audible Studios
Regular price: $24.24
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Rajan shows how the individual choices that collectively brought about the economic meltdown - made by bankers, government officials, and ordinary homeowners - were rational responses to a flawed global financial order in which the incentives to take on risk are incredibly out of step with the dangers those risks pose. He traces the deepening fault lines in a world overly dependent on the indebted American consumer to power global economic growth and stave off global downturns. He exposes a system where America's growing inequality and thin social safety net create tremendous political pressure to encourage easy credit and keep job creation robust, no matter what the consequences to the economy's long-term health and where the US financial sector, with its skewed incentives, is the critical but unstable link between an overstimulated America and an underconsuming world.
In Fault Lines, Rajan demonstrates how unequal access to education and health care in the United States puts us all in deeper financial peril, even as the economic choices of countries like Germany, Japan, and China place an undue burden on America to get its policies right. He outlines the hard choices we need to make to ensure a more stable world economy and restore lasting prosperity.
Customer ReviewsMost Helpful
By Tanmay Randhavane on 04-18-18
Narrator makes mistakes
Any additional comments?
The narrator's accent is good and went along with the Indian author Rajan. But, he makes a lot of mistakes and has to repeat many sentences which could've easily been edited out. I do not know how the audible's narration works but this just looks like laziness from the narrator and audible.