"Compassionate Capitalist" by Blaine Bartlett and David Meltzer discloses the secret of turning lead to gold for us dummies. These hucksters fancy themselves as new-age economists or merchant priests or snake-oil salesmen, perhaps all three. Unfortunately, our intrepid authors have targeted an exclusive demographic of readers who are dummies with snot for brains. If you see this eBook offered for free, pass it by. I wish I did.
# The narrative starts out OK. It documents many of the excesses of modern free-market capitalism: disparity of income where too few hold too much of the wealth; health risks where industrial compounds are allowed to proliferate in the community, the degradation of ecosystems, the alarming rise of the global debt load, and more frequent terrorist outbreaks between "haves" and "have nots."
# Then the authors tell us not to worry; all that's needed is a more compassionate form of capitalism. They assume that everyone will adopt this compassionate approach that trades profits for gracious customers. To be fair, the authors have cited a few entrepreneurs who have found marginal niches the give consumers better value for their purchases. The rest of us can join an Amway cult and buy thousands of dollars of perfumed soap, which will make us feel good and improve the odors in our cellars.
# Bartlett and Meltzer have no real notion how the global economy functions. Instead, they baffle readers with loads of name dropping and lame quotes that seldom fit the context of the narrative. They get their inspiration from Hollywood cinemas that have little or nothing to do with economic leverage. In short, they talk the talk, but they walk on crippled pegs.
# There are serious issues that are never addressed.
# The authors say nothing about the huge percentage of money that is never used in the REAL economy. This is monopoly money that's shuffled around in high-stakes poker games by financial wizards. In other words, it's the same old, same old. Capital is separated from the folks who create that very capital.
# The employable workforce is still treated as a commodity by the merchant priests. You won't see a business anywhere offering to hire a bum on the street, just for the heck of it. Successful businesses are kinder on their employees. But let's face it: A wage slave is a wage slave is a wage slave.
# Nor do our intrepid authors have viable answers for the increase of automation in the key industries of our market system. That means the remaining jobs will only be offered to "highly qualified" acolytes. As robots take more and more of the humdrum jobs, future generations of job seekers may have to participate in a lottery to secure employment.
# Nor do the authors have answers for the largest multinational corporations which exert massive influence, both positive and negative. They are too big to fail, so they're above the law. They can get away with murder on a gargantuan scale.
# 1.5 stars.