George Soros wrote The Crisis of Global Capitalism in 1998, in the last credit crunch. I thought it would be interesting to see if what he said was still true.
The central point of the book is that money markets aren’t based on natural laws that are always true no matter what, but are actually realities created by the beliefs held by the people participating in them. So, basically, the global financial system is a massive delusion that we all create together. I’m completely on board with that. Unfortunately, the book is written in incomprehensible gibberish. I couldn’t finish it.