Wake up call. Money in politics is like heroin to a junkie. Our elected members of Congress spend vast amounts of time on the telephone soliciting money- worse than panhandlers on street corners. Once they get the money, there is an acknowledged understanding that the people who gave the money get something in return. That corrupts the political system. Why is it that the managers running the largest hedge funds pay a lower tax rate than only the poorest in this country. Answer- money and their sway over the politicians who write the tax code.
This is a shameful situation and we should all be up in arms about how our political process is owned by the lobbyists, PACS and special interest groups.
Flash Boys by Michael Lewis. His book shows how the big money people have scammed the stock market and front run the little guy. Just last week the new SEC Mary Jo White spoke about new regulations on the HFT traders but said that the market was not rigged against the little guy. Wrong- it is all a scam and the big money in this country gets to make the rules and circumvent the system.
Good arguments, lucid explanation of how we need to change things and some good suggestions about how to go about it.
The whole book is great. The examples he cites of how money has corrupted the system should make everyone who reads this book begin to demand change to get the cancer that is money in politics out of the system. Public funded elections with limitations on PACs, lobbyists and big money donors is the only way to control the corrosive effects of the system we have now.
These are good people forced to do what they can in a terrible system. That's the message I picked up from this book and it was strangely heartening. Far from demonizing any one political viewpoint or depicting all law-makers as greedy, self-absorbed, cheats and liars, Lessig instead describes a system where any person, regardless of intentions, will be forced to play the same terrible game that has been played up until now.
Perhaps the only real downside of this book is that the 'plan to stop it part' is, by his own admission, is improbable. On the other hand, it's a plan and it's the best I've heard so far.
Highly recommended for anyone trying to understand why our government acts the way it does.
Simple and precise unwinding of the complete breakdown of our election, congressional, lobbying and ethical systems and how broke they are. Sadly the constitutional convention is all that is left to correct our broken system.
This purchase was because Dan Carlin (if you don't know him you should Google it) was going to have Lawrence Lessing on his podcast and I wanted to get a good understanding of his thoughs before the interview. I would recommend this book to people who want to know how our system can be so corrupt even though decent people make up the majority of the system.
His description on how the presence of money in the wrong place is enough to bring doubt and corruption without there necessarily being corruption. Also, the Author showed how well intentioned people who are elected to position can follow through with campaign promises, but that what proportion of their time they spend to each campaign issue is skewed heavily to the amount of money in the system interested in that issue.
The Author read the title himself. In some cases this can be good as the author should know the tones he/she is trying to convee. I find that this works much better in fiction. The Author is objiously knowledgable, but his reading skills seemed to introduce pauses in very strange places (I did not see the text of this book so for all I know there are many strangley placed commas).
This book could make a good documentary, but not a good movie. As a documentary it would just keep the name of the book.
Maybe. I got the jist of it and would go back to some sections I noted, but not the whole book over again. It gets pretty dry in parts towards the end.
No characters - only problems and possible solutions.
Ordinary people doing the wrong things for the wrong reasons in DC
Yes. Does a great job identifying and explaining the current problems within our political system and the history of how we got here.
Spoken like a true professor.
No extreme reaction.
Lessig craftily and compellingly uncovers what is the true problem of our time as Americans, and offers up what may be done to save the nation. I've passed this book on to all my friends... you will want to as well. This is a book for all Americans - young and old, conservative, liberal, socialist, or libertarian, city dwellers, country folk, tea partier or occupier - if you are a person who is dissatisfied and looking for progress in America, this is the book for you. If you are not dissatisfied, then this book is really, really, extra super so much the book for you.
For those interested, Lessig does a great introduction to this book on YouTube as part of Google's lecture series.
How clear the author makes the case that our government is corrupt.
The author spends so much time convincing us that there's a problem that he might have spent his time better getting to the point of presenting his solutions.