Casino Capitalism. How the Financial Crisis Came about and What Needs to Be Done Now

The updated and revised English edition of Hans-Werner Sinn’s book "Kasino-Kapitalismus: Wie es zur Finanzkrise kam, und was jetzt zu tun ist" (Econ 2009; revised paperback edition Ullstein 2010) was published by Oxford University Press in August 2010. Hans-Werner Sinn explains how the financial system became a casino for gamblers and analyses the reasons for the crisis: the failings of the rating agencies, the regulating authorities and the banks. He points out the flaws in the economic rescue packages and presents a master plan for the reform of financial markets.