About the Book
With the publishing of French economist Thomas Piketty's seminal work, Capital in the Twenty-First Century, many have begun to contemplate the
effects of economic inequality and the potential for a "post-capitalist"
world. This essay outlines the fundamental flaw of the capitalist
system and attempts the daunting challenge of conceptualizing a system
that could viably replace it.
Presented with no charts and almost zero math, this essay provides plain language explanations for some of the most relevant economic concepts
affecting our world today. For instance, it tells why, despite being a
potentially game changing innovation, Bitcoin and other
“crypto-currencies” are not likely to disrupt the existing fiat currency
system. You’ll also discover the fundamental paradox of fiat currency
and why it leads to shocks in Capitalism that are impossible to resolve
as well as the basics of money creation and why debt exists in every
aspect of your life even if you are supposedly debt-free. The Currency
Paradox also explores the true meaning of “wealth” and the psychology
behind the “hate” expressed towards the rich by the less fortunate.
Most
importantly, you’ll learn why Capitalism, after centuries of creating
growth and prosperity, is likely now obsolete. This essay clearly
explains why we have likely reached the useful end of Capitalism and
introduces a truly realistic economic system that could replace it with
minimal shock, a system with the potential to completely change our
world within a single generation.
While this essay is about answers, it is also about a simple question: What’s next? By the end, you will understand exactly why it is direly
important that we question the continued validity of Capitalism and
whether the time has come to replace it. You may not agree with the
remedy presented, but by the end of The Currency Paradox, you’ll likely
have developed a greater understanding and appreciation for why the
endeavor itself is worthwhile.