Wolfgang Münchau – författare

'Compelling' Guardian'Eloquent and comprehensive' Financial Times'Excellent' The Telegraph'Astonishing' The Times'An eye-opener' Gavin EslerUntil recently, Germany appeared to be a paragon of economic and political success. But recent events – from Germany’s dependence on Russian gas to its car industry’s delays in the race to electric – have undermined this view.In Kaput, Wolfgang Münchau argues that the weaknesses of Germany’s economy have, in fact, been brewing for decades. The close connections between the country’s industrial and political elite have left Germany technologically behind, over-reliant on authoritarian Russia and China, and with little sign of being able to adapt to the digital realities of the twenty-first century. It is an essential read for anyone interested in the future of Europe’s most important economy.

The Meltdown Yearsoffers the most lucid and useful explanation todate about why home values, life savings, jobsecurity, and investments around the worldare in peril.

Rather than focus on who is to blame,though, author Wolfgang Münchau takes themore practical approach of focusing on what isto blame. The fact that individuals were stupid,greedy, and corrupt should come as no surprise.What’s remarkable is that our world’sfinancial systems—put in place to help staveoff such a crisis—failed so miserably.

What is inherently wrong with the globalmonetary system? What happened to theregulatory process? What role did the creditmarket, hedge funds, and investment banksplay? These are the types of questions onemust answer in order to truly comprehendwhat caused the meltdown and, more importantly,to understand what must be done torepair it.

Münchau dissects the global financial system,exposing its flaws and weaknesses in thecontext of the crisis. A decidedly global perspectiveof the greatest financial crisis of ourtime, The Meltdown Years examines

The structure of the worldbanking systemGlobal events that led tofinancial collapseThe growth of speculative bubblesThe descent from financial crisisinto full-out recession

Pointing to an unstable global economicsystem as the root of the problem, theauthor predicts how long the recession willand illustrates long-term consequences ofthe meltdown.

“Apportioning [individual] blame for thiscrisis may be fun,” Münchau writes, “butit is a dead-end road for anyone who seeksan understanding of what happened.” AIG,Alan Greenspan, Fannie Mae, Bear Stearns…Each is portrayed as a villain responsible forthe state of the economy. In truth, the blame ismuch broader and lies much deeper.

The Meltdown Years is required readingfor anyone who wants to follow the ongoingdebate about economic recovery and understandwhat the collapse means for the future offinancial capitalism.

The Meltdown Years offers the most lucid and useful explanation to date about why home values, life savings, job security, and investments around the world are in peril.

Rather than focus on who is to blame, though, author Wolfgang Münchau takes the more practical approach of focusing on what is to blame. The fact that individuals were stupid, greedy, and corrupt should come as no surprise. What’s remarkable is that our world’s financial systems—put in place to help stave off such a crisis—failed so miserably.

What is inherently wrong with the global monetary system? What happened to the regulatory process? What role did the credit market, hedge funds, and investment banks play? These are the types of questions one must answer in order to truly comprehend what caused the meltdown and, more importantly, to understand what must be done to repair it.

Münchau dissects the global financial system, exposing its flaws and weaknesses in the context of the crisis. A decidedly global perspective of the greatest financial crisis of our time, The Meltdown Years examines

The structure of the world banking systemGlobal events that led to financial collapseThe growth of speculative bubblesThe descent from financial crisis into full-out recession

Pointing to an unstable global economic system as the root of the problem, the author predicts how long the recession willand illustrates long-term consequences of the meltdown.

“Apportioning [individual] blame for this crisis may be fun,” Münchau writes, “but it is a dead-end road for anyone who seeks an understanding of what happened.” AIG, Alan Greenspan, Fannie Mae, Bear Stearns… Each is portrayed as a villain responsible for the state of the economy. In truth, the blame is much broader and lies much deeper.

The Meltdown Years is required reading for anyone who wants to follow the ongoing debate about economic recovery and understand what the collapse means for the future of financial capitalism.

Frauen erobern Spitzenpositionen! Ob Automobilindustrie oder Medienbranche, ob Unternehmensberatung oder Politik: Jede zehnte der berufstätigen Frauen in Deutschland ist im Topmanagement tätig. Zum Vergleich: 1977 waren es gerade mal 1,8 Prozent. In einer Serie stellte die Financial Times Deutschland unlängst 101 bedeutende Frauen der deutschen Wirtschaft vor. Diese faszinierenden Porträts erscheinen nun in einer Kooperation zwischen dem Gabler Verlag und der Financial Times Deutschland gesammelt in einem Buch.

Hasta no hace mucho, Alemania parecía ser un modelo de éxito tanto económico como político. Sin embargo, su dependencia del gas ruso y los retrasos de su industria automovilística en la carrera hacia la electricidad han socavado esta percepción. En Kaput, Wolfgang Münchau nos explica que las debilidades de la economía alemana llevan gestándose, en realidad, desde hace décadas: las políticas neomercantilistas impulsadas por las estrechas conexiones entre la élite industrial y política del país, han hecho de Alemania un país tecnológicamente atrasado, muy dependiente de Estados autoritarios y con pocos indicios de poder adaptarse a los retos digitales del siglo XXI. Este libro es una lectura esencial para cualquier persona interesada en el futuro de una de las principales economías de Europa y, por tanto, de Europa en su conjunto.

Die deutsche Wirtschaft war über Jahrzehnte führend in der Welt, ihre Produkte hoch angesehen und begehrt. Doch es findet ein fundamentaler Wandel statt, den weder Unternehmer noch Politiker antizipiert haben – mit dem Ergebnis, dass Deutschlands Wirtschaft mit Innovationsführern weltweit längst nicht mehr Schritt halten kann. In seinem Buch argumentiert Wolfgang Münchau, dass sich die Schwäche der deutschen Wirtschaft in Wirklichkeit schon seit Jahrzehnten zusammengebraut hat. Eine einseitig auf die großen, konventionellen Industrien setzende Wirtschaftspolitik, die durch enge Verbindungen zwischen der industriellen und politischen Elite des Landes vorangetrieben wird, hat Deutschland technologisch ins Hintertreffen und in eine übermäßige Abhängigkeit vom autoritären Russland und China gebracht. Gibt es Anzeichen dafür, dass Deutschland in der Lage sein wird, sich an die digitalen Realitäten des 21. Jahrhunderts anzupassen? Das Hörbuch ist unverzichtbar für jeden, der sich für die Zukunft von Europas größter Wirtschaft interessiert.