The Gigantic Casino : Reflections on the World Financial Crisis

Ten years before the financial crisis broke out in late 2008, Fidel Castro had said: ''There has been an accelerated and unbelievable growth in so-called hedge funds and the derivatives market. It is an additional system of speculative gambling, where the players bet anything and everything, based on sophisticated risk calculations generated by computers, high-level programmers and economic experts. They exploit insecurity and use the money in the banks'' savings accounts. They have practically no restrictions, make huge profits and can provoke disasters''. This book shows Castro at his inimitable best, tracking developments as they unfold, using his enormous wisdom and sharp analytical faculties to unravel aspects of the biggest economic crisis to hit the capitalist world since the Great Depression of the 1930s.