ABBEY'S CHOICE JULY 2016 -----
Why has inequality increased in the Western world - and what can we do about it?
In The Great Divide, Joseph E. Stiglitz expands on the diagnosis he offered in his best-selling book The Price of Inequality and suggests ways to counter this growing problem. With his characteristic blend of clarity and passion, Stiglitz argues that inequality is a choice - the cumulative result of unjust policies and misguided priorities.
In these essays, articles and reflections, Stiglitz fully exposes the inequality - from its dimensions and its causes to its consequences for the world - that is afflicting America and other Western countries in thrall to neoliberalism. From Reagan-era policies to the Great Recession and its long aftermath, Stiglitz delves into the processes and irresponsible policies - deregulation, tax cuts for the rich, the corruption of the political process - that are leaving many people further and further behind and turning the dream of a socially mobile society into an ever more unachievable myth.
With formidable yet accessible economic insight, he urges us to embrace real solutions: increasing taxes on corporations and the wealthy; investing in education, science, and infrastructure; helping homeowners instead of banks; and, most importantly, doing more to restore the economy to full employment. Stiglitz's analysis reaches beyond America - the inequality leader of the developed world - to draw lessons from Scandinavia, Singapore, and Japan, and he argues against the tide of unnecessary, destructive austerity that is sweeping across Europe.
Ultimately, Stiglitz believes our choice is not between growth and fairness; with the right policies, we can choose both.
'The most important book about our economy and society to be published in my lifetime' Irvine Welsh From Paul Mason, the award-winning Channel 4 presenter, Postcapitalism is a guide to our era of seismic economic change, and how we can build a more equal society. Over the past two centuries or so, capitalism has undergone continual change - economic cycles that lurch from boom to bust - and has always emerged transformed and strengthened. Surveying this turbulent history, Paul Mason wonders whether today we are on the brink of a change so big, so profound, that this time capitalism itself, the immensely complex system by which entire societies function, has reached its limits and is changing into something wholly new. At the heart of this change is information technology: a revolution that, as Mason shows, has the potential to reshape utterly our familiar notions of work, production and value; and to destroy an economy based on markets and private ownership - in fact, he contends, it is already doing so. In this groundbreaking, Sunday Times top ten book, Mason shows how, from the ashes of the recent financial crisis, we have the chance to create a more socially just and sustainable global economy.
Why are we more likely to forgo the opportunity to sell a 100 pound bottle of wine rather than actually taking money out our wallet to pay for it, when ultimately the 'opportunity cost' of doing so is the same? Why would the 'endowment effect' mean that we value a free ticket worth hundreds of pounds more than the money we would get from selling it? As the most vivacious and vociferous founding member of behavioural economics, Thaler presents his insightful findings with stories about data and experiments and shows us how to avoid making costly mistakes in our own lives.
In Our Turn, Kirstine Stewart, VP Media for Twitter-named one of Canadian Business's Power 50 of 2016 for helping women discover their leadership potential-draws on her extensive experience to share her smart and practical approach to business. Like fellow high-flyers Sheryl Sandberg and Marissa Mayer, Kirstine Stewart has built an incredibly successful career as a media and technology executive. She got her first job when she applied for an entry-level position at a film distribution house. Having worked her way up from the bottom - under women and men, leaders good and bad - she believes it's time we looked past the question of how women might create change in the working world and exploit the fact that profound change is already under way. The digital revolution, and the wave of millennials who are entering the workforce with very different expectations than the generations who preceded them, have created an environment that demands a new style of leader - one with attributes and perspectives that make women the natural front-runners. The opportunity is there; the question Stewart poses and then tackles is: how do we seize it? Whether you're a CEO or a fledgling administrative assistant, there is something for you in Our Turn.
Make your money work harder than ever with share investing If you've always wanted to invest in shares, but you've never known where to start, look no further! This new edition of Getting Started in Shares For Dummies reveals in plain English the investing secrets you need to know how the market works, how the stock exchange operates, and what brokers really do. In no time, you'll find out how to pick the best shares and diversify your portfolio, minimise your risk and maximise your returns, and reduce your capital gains tax bill. The world of share investing can seem intimidating to the uninitiated, but it doesn't have to be. Free of confusing jargon and packed with practical advice, this hands-on, friendly guide helps you get to grips with developing an investment strategy, assessing your risk, buying and selling shares, working with brokers, understanding taxes, and so much more. Plus, you'll even learn about ten great investors and their strategies and ten things you should never, ever do. * Find out how the Australian Securities Exchange (ASX) works * Develop your own successful share investing strategy and know how to assess potential share investments * Analyse the share market and track trends to make informed choices and grow your wealth * Realise the tax implications of share ownership and understand how holding shares affects your tax liability If you're ready to take your first steps towards investing in the share market, Getting Started in Shares For Dummies will help you build the successful share portfolio you've always wanted.
A gripping and insightful account from inside the secretive world of Silicon Valley's most powerful players.
An adrenaline-fuelled exposé of life inside the tech bubble, Chaos Monkeys lays bare the secrets, power plays and lifestyle excesses of the visionaries, grunts, sociopaths, opportunists and money cowboys who are revolutionising our world. Written by startup CEO and industry provocateur Antonio García Martínez, this is Liar's Poker meets The Social Network.
Computer engineers use ‘chaos monkey' software to wreak havoc and test system robustness. Similarly, tech entrepreneurs like Antonio García Martínez are society's chaos monkeys – their innovations disrupt every aspect of our lives, from transportation (Uber) and holidays (Airbnb) to television (Netflix) and dating (Tinder) – all in search of the perfect business miracle.
Describing himself as ‘high-strung, fast-talking, and wired on a combination of caffeine, fear, and greed at all times', García Martínez left Wall Street to make his fortune in Silicon Valley, becoming CEO of his own startup, before bailing and being poached by Facebook's nascent advertising team. Here he turned users' data into profit for COO Sheryl Sandberg and chairman and CEO Mark ‘Zuck' Zuckerberg. Forced out of Facebook in the wake of a bitter internal product war, García Martínez took his unique brand of entrepreneurial hyperactivity to rivals Twitter. Along the way, he got into a lot of trouble with a lot of people, brewed illegal beer on the Facebook campus (accidentally flooding Zuckerberg's desk), lived on a yacht, raced sport cars on the highway, and enthusiastically pursued the lifestyle of an overpaid Silicon Valley mercenary.
In Chaos Monkeys he tells you HOW – and HOW NOT – to make a fortune through startups and digital marketing. Highly entertaining and always offering genuine insight, García Martínez unravels the chaotic evolution of social media and online marketing. From startups and credit derivatives to Big Brother and data tracking, social media monetisation and digital ‘privacy', he shares both his scathing observations and outrageous antics, taking us on a subversive and very funny tour of the fascinatingly insular and unbelievably wealthy tech industry.
In just a decade and half, Jack Ma built a company that rivals Walmart in value and is worth as much as Amazon and eBay. A man from humble beginnings, propelled forward by an outsize ambition and drive, Jack Ma created Alibaba, the second largest Internet company in the world and one that dominates China's e-commerce market while also serving as an icon for the country's booming private sector.
Alibaba: The House That Jack Built is Duncan Clark's fascinating insider's account of how Alibaba and its charismatic creator have transformed the way the Chinese communicate, consume, and entertain, while inspiring-and enraging-entrepreneurs across the world. How, from such unremarkable origins, did Jack Ma build Alibaba? With such a large share of China's e-commerce market, how long can the company hope to maintain its dominance? And, as the company sets its sights on the country's financial sector and media markets, are there limits to Alibaba's ambitions?
To understand how Alibaba came to be, we need to understand the foundations upon which the company was built-the rise of the private sector and the expansion of Internet access across China-as well as the political and social contexts in which these momentous changes took place. An expert insider with unrivaled access, Clark sheds light on the life of an unlikely corporate titan and the key role his company has played in transforming China's service economy while developing an increasingly powerful role on the world stage.
Your company is turning in regular profits every year, and its market share is only getting bigger. Competitors can't touch you. So why is your stock price so sluggish? The answer is as simple as it is cruel: investors aren't interested in history, and they already know you're profitable and competitive--that knowledge is baked into your stock price. The hard reality is that a competitive advantage just isn't enough. Investors want companies to surprise them with unexpected value, which means that you can outperform market expectations only if you as a leader know how to find, create, and deliver a series of multiple competitive advantages. This is why a corporate theory is so important. A good corporate theory provides a compass for those at the strategic helm, guiding their decisions about what assets and activities to pursue, what investments to make, and what strategies to adopt. Behind every long-term corporate success story lies a basic theory about how that company creates value. In Beyond Competitive Advantage, strategy professor Todd Zenger describes what makes a great corporate theory and helps readers understand the many tensions and trade-offs they'll face as they apply the theory to meet the challenge of market expectations. Based on years of research and analysis, Beyond Competitive Advantage provides managers and executives with a framework for both sustaining value and creating growth.
Why is profitable growth so hard to achieve and sustain? Most executives manage their companies as if the solution to that problem lies in the external environment - find an attractive market, formulate the right strategy, win new customers. But when Bain & Company’s Chris Zook and James Allen, authors of the bestselling Profit from the Core, researched this question, they found that 90 percent of the challenges to growth are internal: increasing distance from the front lines, loss of accountability, and proliferating processes and bureaucracy, to name only a few. More crucial is their finding that companies experience a set of predictable internal crises, at predictable stages, as they grow; and that for even the healthiest companies, these crises, if not managed properly, can stifle the company’s ability to grow further - and actively lead it into decline.
Success isn't made up of huge leaps forward, but instead small repetitive actions completed each day. These small steps eventually lead to great achievements in the pursuit of your goals. This book is an inspiring look at the lessons Lorraine has learned during her entrepreneurship journey - through study, trial and error; the strategies she has developed and the habits she religiously follows. Be remarkable in work and life, following the advice of one of Australia's most exciting thought leaders.
Functional stupidity can be catastrophic. It can cause organisational collapse, financial meltdown and technical disaster. And there are countless, more everyday examples of organisations accepting the dubious, the absurd and the downright idiotic, from unsustainable management fads to the cult of leadership or an over-reliance on brand and image. And yet a dose of stupidity can be useful and produce good, short-term results: it can nurture harmony, encourage people to get on with the job and drive success. This is the stupidity paradox. The Stupidity Paradox tackles head-on the pros and cons of functional stupidity. You'll discover what makes a workplace mindless, why being stupid might be a good thing in the short term but a disaster in the longer term, and how to make your workplace a little less stupid by challenging thoughtless conformity. It shows how harmony and action in the workplace can be balanced with a culture of questioning and challenge. The book is a wake-up call for smart organisations and smarter people. It encourages us to use our intelligence fully for the sake of personal satisfaction, organisational success and the flourishing of society as a whole.
Steve Case's career began when he cofounded America Online (AOL) in 1985. At the time, only three percent of Americans were online. It took a decade for AOL to achieve mainstream success, and there were many near-death experiences and back-to-the-wall pivots. AOL became the top performing company of the 1990s, and at its peak more than half of all consumer Internet traffic in the United States ran through the service. After Case engineered AOL's merger with Time Warner and he became Chairman of the combined business, Case oversaw the biggest media and communications empire in the world.
In The Third Wave, which pays homage to the work of the futurist Alvin Toffler (from whom Case has borrowed the title, and whose work inspired him as a young man), Case takes us behind the scenes of some of the most consequential and riveting business decisions of our time while offering illuminating insights from decades of working as an entrepreneur, an investor, a philanthropist, and an advocate for sensible bipartisan policies.
We are entering, as Case explains, a new paradigm called the "Third Wave" of the Internet. The first wave saw AOL and other companies lay the foundation for consumers to connect to the Internet. The second wave saw companies like Google and Facebook build on top of the Internet to create search and social networking capabilities, while apps like Snapchat and Instagram leverage the smartphone revolution. Now, Case argues, we're entering the Third Wave: a period in which entrepreneurs will vastly transform major "real world" sectors like health, education, transportation, energy, and food - and in the process change the way we live our daily lives. But success in the Third Wave will require a different skill set, and Case outlines the path forward.
The Third Wave is part memoir, part manifesto, and part playbook for the future. With passion and clarity, Case explains the ways in which newly emerging technology companies (a growing number of which, he argues, will not be based in Silicon Valley) will have to rethink their relationships with customers, with competitors, and with governments; and offers advice for how entrepreneurs can make winning business decisions and strategies - and how all of us can make sense of this changing digital age.
To survive in today's gig economy, you must be a mover, a shaker, a doer, and a maker. In The Hustle Economy, we give you 25 essays from founders, writers, producers, game makers, artists, and creative types from every path who share one common trait--they are all self-made hustlers who have managed to turn their creativity into careers. In this collection you will find essays from: Producer and performer Mike Rugnetta on why Do what you love is both the best and worst piece of advice you'll ever receive. Author, television writer, and humorist Emma Koenig on staying focused and productive no matter what life throws at you. Web comic Zach Weinersmith on the equation for success and using your creativity to do what the rest of us won't. Trendspotter Jess Kimball Leslie on identifying your skills and turning it into a successful career. This book exists to inspire and inform. Your creative career is attainable, and we'll show you how to do it and why it's worth it. Complete list of essayists: Nick Douglas, Ben Grelle (aka The Frogman), Adrian Sanders, Farah Khalid, Mike Rugnetta, Emma Koenig, Asha Dornfest, Kelsey Hanson, Monica Guzman, Thomas Leveritt, Casey Bowers, Josephine Decker, Donna Salgado, Alex Pearlman, Dante Shepherd, Brad O'Farrell, Jess Kimball Leslie, Meredith Haggerty, Alex Larsen, Nancy Zastudil, Lee LeFever, Jeff Wysaski, Zach Weinersmith
Every small business or organisation needs a website, whether it is a simple online portfolio or a complex online shop. Expert web design teacher Alannah Moore makes this subject accessible for everyone, even those with no technical or design experience. Avoiding technical language, Alannah provides a summary of the web platforms available, covering, among others, WordPress, Squarespace, Weebly and Shopify. From these the reader can choose the right platform for them, and very quickly get up and running. Drawing on her vast experience of what a novice website builder really needs to know, Alannah covers all the topics they will come across in their online experience: how to choose a good domain name; what content you need for your site; how to work with images and even create your own logo. The reader will also learn how to integrate social media and a blog, so they are set up and in control of their virtual presence from every aspect. This is the perfect book for anyone who doesn't want to pay for an expensive web designer. In Alannah's safe and capable hands, they will find the process of building their site easy and enjoyable, and they'll soon have a successful online presence.
A thought-provoking account of the everyday signals that reveal the true story of the world economy for the general reader.
Signals is the story of the world economy, told in the language of everyday objects and events - from magazine covers and supermarkets to public protests.
The rising price but shrinking size of a steak, a bar of chocolate and an apartment not only cause pain at home, they also propel some nations to deploy their militaries to secure resources and protect their citizens from higher prices. Pippa Malmgren argues that by being alert to the many signals around us, anyone can start to navigate the turbulent world economy instead of being overwhelmed by it.
Malmgren reveals how our daily lives are informed and affected by the on-going battle, created by central bankers, between inflation and deflation. As the cost of living for consumers continues to rise, while their income still falls, a pattern is created that breaks the vital social contracts between citizens and their governments. This sets in motion many seemingly unrelated outcomes: social unrest in emerging markets, the movement of manufacturing jobs back to the US and the West, and ultimately, higher food and energy prices. If growth and innovation presents the only solutions, the key question becomes whether governments are hostile or hospitable to these efforts.
With its wonderful range of examples, from a Vogue magazine cover to a protest by a Tibetan monk, Signals is not only hugely relevant but also exceptionally readable.
A New E-Commerce Model is Coming from the East—it is More Advanced and it is Spreading Worldwide
China is now the biggest e-commerce market, hardware producer and soon Internet of Things player in the world. Written by a world-recognized expert, this eye-opening treatment allows readers a rare glimpse into how China will shape the global online world for the next decade.
Featuring hundreds of interviews, with influential companies and investors such as Alibaba, Baidu, Tencent, Xiaomi, Yihaodian, Cogobuy, Rocket Internet, Didi-Kuaidi Taxi, Snapdeal, Tokopedia, DST Global, Credit Suisse, UBS, Qiming Ventures and many more, this ground-breaking guide provides exceptional firsthand accounts of the key considerations to making lucrative investments in this powerful sector.
East-Commerce enables you to:
* Understand how China's e-commerce explosion began and where it is heading
* See where China is shaping investments and innovation all over the globe
* Examine why China's model is better suited for developing economies
* Go in-depth into how and where others are finding opportunity and success
The new business models coming out of China offer a variety of new growth opportunities to international companies. Understanding how China's online market operates gives you the edge when building a global strategy.
While Michael Lewis worked as a bond dealer at Salomon Brothers he began his second career as a journalist and helped to record a real-life 'bonfire of the vanities'. Not afraid of interviewing the world's most notorious financiers or of revealing the treachery and deception behind some of the biggest financial deals ever made, in The Money Culture, Lewis provides a contemporary record of the ups and downs of the world's money markets and the rise and fall of some of the larger-than-life personalities.