The Battle for the Soul of Capitalism

What Hacker News says

1. yourapostasyJan 2022
   Rise to Globalism by Stephen Ambrose and Doug Brinkley is an adequate precis of US ascent to global power, which IMHO contains the seeds of its demise.

   The Battle for the Soul of Capitalism, The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns by John Bogle is the economic/fiscal/investing perspective I align with at the "non-billionaire" level.

   China analyses is fluid at this time as you can imagine. Stay in touch with the usual The Economist, Bloomberg, Foreign Affairs, Parameters, and similar sources. IMO China's ascent and America's decline are both to a large degree psychogenic at this juncture, and a catalyzing condition to commit a path hasn't been developed yet.

   eande's suggestion is good. If you find Dalio's theses persuasive, then I recommend you read his other three books to understand the quant angle he is coming from. You have to understand that as a billionaire, he can afford to be as much as a generation or even two off of his projections, and he'd still shrug that off. We don't have such luxury, so you have to be more discerning on his projected timelines, the numbers behind them, and the global market context it all takes place within.

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2. RodericDayMar 2014
   It's a betting game, upheld by the assumption that as bad as it is, it is the best method we've got to determine the 'value' of a thing (you reach some interesting philosophical questions very quickly this way).

   John C. Bogle has written angrily at length about this many times in the past. I don't know enough to say whether I agree with him or not, but "The Battle for the Soul of Capitalism" was a fun read. He basically pushes forward his thesis that many problems related to corporations and corruption have to do with a transition from "shareholder capitalism" to "manager capitalism".

   I read it so long ago that I'm distorting things, but I will always remember that it was way better than the stupid title made it seem.

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3. phelmigMar 2016
   John C. Bogle, the founder of Vanguard (mentioned in the article) wrote a book called "The battle for the soul of capitalism" [1] where he describes his motivation to found Vanguard. In summary he sees that funds managers add little value but extract too much money from risk takers (=investors) and thereby turn capitalism up side down. Sounds like his thesis is winning.

   [1] http://www.amazon.com/Battle-Soul-Capitalism-John-Bogle/dp/0...

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4. willzApr 2008
   From John C. Bogle, the founder of Vanguard, the thesis of his book: "The Battle for the Soul of Capitalism"
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