Book Review: "The Economy of Abundance or The End of Poverty" By Víctor Saltero is a call to recognize all the opportunities presented by the new economic environment. The old one was based on a notion of insufficiency, which caused the problems the mankind faced, like the great depression, lingering unemployment, etc. And how, the new economy would finally be born, around 1970, as the product of the definitive elimination of gold as the monetary standard in each country. Where, the standard used would be the country’s gross domestic product (GDP) and a series of other variables such as working
capital needs, inflation, etc.
But we have not yet realized the possibilities and dimensions of the new model, the author says. Hence economic crises frequently afflict us, including the one of 2008. We need to derive the benefits of living in this exciting age, the age of the economy of abundance.
"If we are able to predict and correct the risks it poses, we may find ourselves in the first era of human history in which poverty is no longer an insoluble problem, as it can be solved with the possibilities that this economic model offers for the creation of hundreds of millions of jobs around the world, once all nations learn how to apply it and abandon the practices and mentalities, still prevailing in many places, of the economy of scarcity."
This is a book, which is challenging many ideas, I entertain. I therefore went through it with interest. It would have been better, if the book could offer some practical suggestions or examples for each of the lacuna that is brought out or the corrections that are are implemented.
capital needs, inflation, etc.
But we have not yet realized the possibilities and dimensions of the new model, the author says. Hence economic crises frequently afflict us, including the one of 2008. We need to derive the benefits of living in this exciting age, the age of the economy of abundance.
"If we are able to predict and correct the risks it poses, we may find ourselves in the first era of human history in which poverty is no longer an insoluble problem, as it can be solved with the possibilities that this economic model offers for the creation of hundreds of millions of jobs around the world, once all nations learn how to apply it and abandon the practices and mentalities, still prevailing in many places, of the economy of scarcity."
This is a book, which is challenging many ideas, I entertain. I therefore went through it with interest. It would have been better, if the book could offer some practical suggestions or examples for each of the lacuna that is brought out or the corrections that are are implemented.
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