The Big Fat Fox in The Henhouse
The Big Fat Fox says that after the GFC in 2008, the world was hit by two revolutions: the globalisation of banking and tech. Then, over the next seventeen years, those two revolutions economically segregated every economy on earth, creating a global mental health crisis: sky-high house prices, rents, and a week-to-week, hand-to-mouth, no-savings existence for ninety-five percent of humanity. That ninety-five percent are the have-nots: a new class that has now replaced the middle class everywhere courtesy of the elimination of national small business by tech, and its almost overnight replacement by global banks, insurers, tech companies and corporations. Because of those global changes, every economy on Earth now faces two very serious problems. Firstly, because the world's massive have-not majority is now being squeezed by supply chain inflation and global profit-taking, they have no spending power or savings.
Economists say market economics can solve this problem.
The Big Fat Fox says the economic segregation we see everywhere was created by market economics, so the idea that it can fix the problem it created is as crazy as it gets. Not only does the BFF explain how these changes happened, it gives solutions to the identical socio-economic problems we now see inside every economy on Earth, even the wealthiest. Mixed model solutions that would go a long way towards fixing the economic problems all National economies now face while putting the boot firmly back on the other foot in what is now a Global/National social and economic standoff.
Reviews
"I'm amazed at your grasp of what’s going on and am finding the book a profoundly good read."
"This book is great. It's well-written, and the concepts are understandable. I'm really enjoying reading it but had to stop as I had to do life. Otherwise, I would have read it all in one go."
"You have called out the issues with the means to resolve them, and that’s quite something, in my opinion."
"This book is revolutionary and needs to be read."
"It brilliantly explores inflation, interest rates, the have and have-nots divide, and the reasons for it."
"If you're a little cagey when it comes to economics today, this is the book you need."
'It's not often I read a book that inciteful. I've never thought about economics like that."
"It's a hell of a read Paul, thank you !"
"This book is accessible to those new to the subject and meaty enough for those who have studied economics."
The Author
A retired media professional of forty years, Paul Mack has been self-employed since he was twenty-five and regularly worked in communications for the banking and corporate sectors in Sydney throughout the eighties. Not only was he a fly on the wall in dealing rooms, merchant banks, and global corporations for many years, but every few weeks, he would have the privilege of videoing some of the world’s foremost economists and management minds at three or four-hundred-dollar-a-seat lectures, which he was getting for free. When that experience and those lectures were added to his thirty-plus years of self-employment, observation, and a deep interest in global economics, it gave him incredible insight into humanity’s journey from the birth of neoliberalism in the late eighties to the digital world we live in today; insights that gave birth to "The Big Fat Fox in The Henhouse," a fascinating macro take on post-GFC globalism and the tech and banking revolutions which created the 'have' and 'have-not' worlds apart societies we live in today.
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