One of the biggest current debates concerns the merits of capitalism versus socialism. In the United States, socialism is a dirty word, particularly in the political realm. Collusion is a very well researched book About the activities of the central banks in various countries like Mexico,Japan, Brazil and China, as well as Europe. The United States took the lead of pumping money into private banks through an unconventional monetary policy process called quantitative easing. QE is an overtly complex term that entails a central bank manufacturing electronic money and then injecting get into banks and financial markets in return for purchasing bonds for securities or stocks.

In the US, the interest rates were lowered to zero and this became "manna," as the author describes it for stock and real estate markets. This had a ripple effect obviously within the United States but also throughout the world. This was a boon for the rich and for investors.

Banks did not lend money to Main Street or to homeowners who desperately needed funds to stay afloat. Banks hoarded the money as they were under no obligation by the Fed to loosen credit strings. While thousands of homeowners lost their houses, CEOs of major banks continued to collect their salaries and bonuses and the stock market was propped up. If your money in a bank is earning no interest, where are you forced to go.

This book is an excellent eye opener for those waving the capitalist banner. Capitalism has been described as socialism for the rich and details of this book will support it.

As an aside, this is not an easy book to read. There is a lot of detail in this book and some knowledge of economics will provide perspective for the reader.
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