Eugenio Benetazzo: Pseudo-economics, pseudo-finance, and pseudo-politics
He calls himself the first and only Italian financial preacher.
Like a fundamentalist evangelical Christian preacher, he warns of the imminent end of the world as we know it. He blames capitalism, America, the financial system, and globalisation among others.
His conclusions are backed by imaginary scientific analysis.
If you have read (and understood) an introductory economics textbook. You’ll find this either useless, entertaining, or disturbing.
If you know nothing about economics and you want to believe, you’ll like it and you’ll start counting the days left to the financial apocalypse.
Links:
5 comments so far
Leave a reply
I’ve already read one of Benetazzo’s book, and I’m currently reading a second one.
Could you make some specific example of wrong data and conclusions that Benetazzo makes in his books?
For instance: where, exactly, is he wrong about oil decrease in production?
Regarding oil, for example, he assumes that cost of production from tar sands in Canada will stay at today’s levels.
If demand increases someone will find cheaper methods of extraction and production.
If you are curious, you could also dig out some book or newspaper article publshed in the 70s, when many predicted that oil would have completely run out by today.
Before reading his second book, perhaps you could read a decent ecomonics textbook.
Somehow i missed the point. Probably lost in translation :) Anyway … nice blog to visit.
cheers, Body!!!!
“If demand increases someone will find cheaper methods of extraction and production”
Laughtable!
“you could also dig out some book or newspaper article publshed in the 70s, when many predicted that oil would have completely run out by today”
It ran out indeed!
“he warns of the imminent end of the world as we know it”.
Uhm…maybe he was not so wrong, after all! :)