HUMANITY IS IN TROUBLE. When the 10 largest corporations on Earth have more combined economic power than 92% of all countries on Earth combined, the 50 largest financial corporations control wealth equal to 90% of Earth’s GDP, the richest 1% of humans have more wealth than 99% of the world combined, and the eight richest humans have more wealth than the bottom 50% of Earth’s entire population combined . . . it’s safe to say humanity is in trouble.
ACTION-ORIENTED. This is the only book you ever need to read to understand exactly what is wrong with our global economy today and how to fix it. Learn exactly what you can do to help fix Broken Capitalism before it’s too late.
REAL-WORLD EXPERT INSIGHT. Written by International Political Economy expert, financial services professional, and former U.S. Government Intelligence operative, Ferris Eanfar. Broken Capitalism: This Is How We Fix It provides unique and refreshing insight into the murky waters of Earth’s economic and political systems, banking systems, globalism, artificial intelligence, corporate governance, and the geopolitical affairs that have shaped and distorted our global economy.
SUCCINCT & EASY TO READ. Written in a unique style for easy reading and comprehension, this book is used by organizations as a no-nonsense primer on how the global economy really works.
MEANINGFUL PURPOSE. All book proceeds go to the nonprofit, nonpartisan AngelPay Foundation.
See the Hardcover Dust Jacket.
ACKNOWLEDGMENTSPREFACECHAPTER 1 – INTRODUCTION
The American Dream
Understanding the Trends
The Rise of Donald Trump
Why Is This Book Different?
The Toxic Cloud
The Meaning of Corruption
Avoiding Common Mental Traps
Key Points
CHAPTER 2 – WHAT’S WRONG WITH THE GLOBAL ECONOMIC SYSTEM?
What’s Really Wrong with the U.S. Banking System?
The Anatomy of a Financial Crisis
Globalism 1.0: A Brain-Rotting Neurotoxin
Debt Mountain
Key Points
CHAPTER 3 – WARNING: RISK OF DEATH TO YOUR ECONOMY
What Is Economics?
Absurd Assumptions
The 5-Minute Advanced Economics Course
The Difference Between a Model and a Map
Key Points
CHAPTER 4 – SIZE KILLS
Do Corporations Maximize Human Life?
Size Kills Economic & Political Independence
Size Spawns Selective Corporate Welfare
Size Kills Justice
Size Kills Liberty
How Big Is Too Big?
The Real Adam Smith
Key Points
CHAPTER 5 – WHY IS THE GOVERNMENT SO BROKEN?
Distorted Incentives Create Distorted Outcomes
Human Nature & Power Concentration
Noose of Regulations
The Compliance Jungle
Suicidal Corporate Tax Policy
The Fourth Branch of Government
The Convergence of State & Corporate Power
Key Points
CHAPTER 6 – TRANSNATIONAL ECONOMIC CANNIBALS
The Mechanics of a Global Wealth Transfer
The Genesis of Globalism 1.0
Transnational Economic Cannibalism
The Game of Life
Key Points
CHAPTER 7 – THE IMPACT OF ARTIFICIAL INTELLIGENCE
The Job Apocalypse
“Bullshit Labor Statistics”
The Future of Automation
Government Censorship
A History of Lost Utopias
Don’t Blame the Corporations
Techno-Utopias, Capitalism & Democracy
Life in a Techno-Utopia
Suffering Is Endurable Only with Purpose
Everything Created Reflects the Ethics of the Creator
What Is Conscious Awareness?
Past Is Prelude to the Future
Key Points
CHAPTER 8 – THE DAWN OF CORPORATE ENLIGHTENMENT
Why Do Rules Exist?
Income Equality vs. Income Equity
The Fantasy of Free Markets
Is Capitalism Undemocratic?
Losing Our Religion without Losing Our Faith
Key Points
CHAPTER 9 – WHAT IS VALUE?
The Heart of Capitalism
The Capital-Labor Duality
What Is Value?
Wealth Is Stored Value
The Path to Central Planning & Why It Fails
Price Level Stability
Globalism 1.0 & Mental Depression
Value and the Money Supply
Key Points
CHAPTER 10 – GLOBALISM 2.0
The Market Health Index
Industry Conservation
The Market Stability Tax
Implementation Considerations
Globalism 2.0: The Functional Version
MST-Based Capital Formation & Allocation
HOW MANY COMPANIES IS ENOUGH?
Measuring & Modeling Human Welfare
Dead Weight Loss
Resistance Is Futile
Key Points
CHAPTER 11 – TRUST-BASED CAPITALISM
Are Corporations People?
If Corporations Are People, Then . . .
The Law of Constant Wages Is Broken
The Virtues of the 50/50 Ratio
Trust-Based Capitalism
Trust-Based Communities
Suicidal Minimum Wage Laws
The Graduated Minimum Wage
Enforcing Corporate Loyalty
Key Points
CHAPTER 12 – ANGELPAY: RETURNING WEALTH & POWER TO THE CREATORS OF VALUE
The hardcover, paperback, and eBook editions are available on Amazon and most major bookstores worldwide. The audiobook edition will be released later in July, but you can listen to a preview here. Bookstores that don’t already have it can obtain copies through their existing Ingram wholesale account, as described below.
Wholesale Distribution Channels
Independent bookstores, libraries, universities and other education organizations, and general corporate resellers anywhere in the world can purchase through their existing Ingram accounts. As the world’s leading book distributor, Ingram delivers Broken Capitalism: This Is How We Fix It at attractive wholesale discounts with easy terms to ensure your book sales are profitable.
Gini Website Coming Soon. We (AngelPay) are launching the Gini Foundation website with the book and the corresponding cryptocurrency platform. The launch time frame is early August. The purpose of the book and the Gini Foundation (the crypto platform, in particular) is to implement solutions for the problems that are plaguing all major cryptocurrencies today, create a truly stable crypto alternative to the toxic banking system that is destroying capitalism worldwide, defend humanity against the rapidly expanding global police state, and create a platform for learning about the sound economic principles covered in my books.
We are putting together a world-class team for the Gini Foundation, including Nobel Prize-winning economists, best-selling authors, more crypto/blockchain developers, and business leaders who have demonstrated authentic concern for the rapidly deteriorating state of capitalism and democracy around the world, especially the rapid decline of institutional integrity in the USG.
If you are interested in joining us, please contact me.
This is what a real abortion looks like. There are many more disturbing images like this available to see if you type “Abortion” in Google Images.
Message to Google (07/27/2017)
Dear Google,
Eanfar.org has ranked in the top-3 search results for many months for several keywords. Then suddenly beginning a few days ago, the site does not appear anywhere in your search results (not even for my own name) and the Search Analytics “Position” rank is “~” (a null value). Eanfar.org is a professional and high-quality site with no ads, no spam, and no technical problems whatsoever. I’ve examined every conceivable aspect of the website, including all of the following major factors that influence search ranking (according to Matt Cutts, the Head of Google’s Web Spam Team):
Advertising: There are no ads on the site. It’s purely for education, my own books, and scholarship.
Content Value: All my articles are unique, nonpartisan, and based on serious scholarship and research.
Page Layout: The site layout is clean and crawler-friendly, which is also mobile-friendly.
Technical SEO: There are no crawler or URL errors in the Webmaster Tools console.
Internal Links: Every page has multiple relevant internal links to pages throughout the website.
Backlinks: There are a reasonable number of backlinks to the site and 0 spammy backlinks that I’m aware of. And there are no warnings or “Manual Actions” in the Webmaster Tools console.
Affiliate Links: There are only a few affiliate links to my own highly rated book on Amazon.
Authority: The site ranked on the first page of search results for several keywords for many months until it was abruptly dropped this week.
Website Speed: Eanfar.org uses caching; so the site is as fast as it can be and loads faster than most other websites.
So, there is no logical reason for Eanfar.org to not be displayed on the first page of your search results for several keywords, especially my own name (“Ferris Eanfar”), but currently the site does not appear ANYWHERE in your search results. Why not?
Please help.
My best,
Ferris
Definition of Corruption
The concept of corruption is a major theme in discussions of comparative political economy; so it’s important that we all have the same definition in mind. As we explore the concept of corruption in many contexts throughout this website, please remember that the kind of corruption we’re discussing should not be amplified with gratuitous emotional commentary. We should be primarily focused on the corruption of institutional and economic systems and processes that result in widespread human pain and suffering, not the subjective and culturally-biased moralizing of individual victims and perpetrators within these systems. With that in mind, I define “corruption” precisely as follows:
Corruption: any significant deviation from, or malfunction of, the intended purpose, spirit, structure, or character of an individual or process within an institutional, political, or economic system.
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