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The Battle for the Soul of Capitalism: How the Financial System Undermined Social Ideals, Damaged Trust in the Markets, Robbed Investors of Trillions—and What to Do About It
The Battle for the Soul of Capitalism: How the Financial System Undermined Social Ideals, Damaged Trust in the Markets, Robbed Investors of Trillions—and What to Do About It
The Battle for the Soul of Capitalism: How the Financial System Undermined Social Ideals, Damaged Trust in the Markets, Robbed Investors of Trillions—and What to Do About It
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The Battle for the Soul of Capitalism: How the Financial System Undermined Social Ideals, Damaged Trust in the Markets, Robbed Investors of Trillions—and What to Do About It

Rating: 3.5 out of 5 stars

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The legendary founder of Vanguard “presents an insider’s view of what’s wrong with corporate America and what can be done to improve it” (Burton G. Malkiel, author of A Random Walk Down Wall Street).

New York Times-bestselling author of Enough and The Little Book of Common Sense Investing John Bogle has seen firsthand the innermost workings—and grotesque abuses—of the financial industry, and is renowned as an advocate for the small investor and for the restoration of integrity to the system. He knows that a trustworthy business and financial complex is essential to America’s continuing leadership in the world and to social and economic progress at home.

In this book he reveals what went wrong and how we lost our way—and more importantly, how we can right our course. He argues for a return to a governance structure in which owners’ capital that has been put at risk is used in their interests rather than in the interests of corporate and financial managers. Given that ownership is now consolidated in the hands of relatively few large mutual and pension funds, the specific reforms Bogle details in this book are essential as well as practical—and should be considered by every investor, analyst, Wall Streeter, policy maker, and businessperson.

“Deserves attention in the precincts of power.”—Publishers Weekly
LanguageEnglish
Release dateNov 1, 2005
ISBN9780300134834
The Battle for the Soul of Capitalism: How the Financial System Undermined Social Ideals, Damaged Trust in the Markets, Robbed Investors of Trillions—and What to Do About It

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Rating: 3.6799999480000003 out of 5 stars
3.5/5

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  • Rating: 2 out of 5 stars
    2/5
    Old rich man going senile yells at staff who are stealing from him.

    This is such a narrow view of capitalism, the book should be titled "managers are stealing my shareholder money!". It's all about the stock market - because a few white collar criminals stealing from the rich is the main problem of capitalism and not the rich exploiting their position and changing the rules to strengthen it further.

    The whole book constantly repeats the same message over and over: capitalism should benefit people who are rich and not people who manage their money. I get it, you're probably right too but the fact that you think this is somehow key to fixing problems with capitalism is laughable. Between this, the constant self-aggrandisement and the pretentious literary quotes this books is the biggest crime of capitalism.
  • Rating: 2 out of 5 stars
    2/5
    Pages of recommendations are the most interesting reading. The author has the credentials and correctly identifies many issues but seems to conclude as of this writing (2005) that all financial difficulties are on their way to being resolved. A truly great book stands up to the test of time without new editions, and although it started off well, it meanders a lot, perhaps due to the editing andunfortunately, misses the mark.
  • Rating: 5 out of 5 stars
    5/5
    This is a great book for a post-Enron world. John Bogle makes a great case for how capitalism has lost its way in recent years, with suggestions as to how it can get back on the right path.
  • Rating: 4 out of 5 stars
    4/5
    John Bogle is an interesting guy. He's the capitalist that most other capitalists hate, but can't ignore because he made more money than they did. Most of the facts in this book will come as no surprise to anyone who paid any attention to the news following the Enron and World Com collapses. But his ideas about what it means to be a responsible capitalist, and why it is vital for the future of the US and the world are a breath of fresh air.

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The Battle for the Soul of Capitalism - John C. Bogle

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