Hardcover: 230 pages
Publisher: Palgrave Macmillan; 2015 edition (July 27, 2015)
Language: English
ISBN-10: 1137519843
ISBN-13: 978-1137519849
Product Dimensions: 5.7 x 0.8 x 8.8 inches
Shipping Weight: 10.6 ounces (View shipping rates and policies)
Average Customer Review: 4.3 out of 5 stars See all reviews (6 customer reviews)
Best Sellers Rank: #557,849 in Books (See Top 100 in Books) #121 in Books > Business & Money > Finance > Wealth Management #158 in Books > Business & Money > Economics > Public Finance #245 in Books > Textbooks > Business & Finance > Business Ethics
When we look at any business’s balance sheet we look at its liabilities and its assets, yet for some reason, when we talk about government we only talk about its debt - not about what it (ie all of us) owns. Detter and Folster show that actually – despite 30 odd years of the shrinking state in the west, there is still a phenomenal number of commercial assets in public ownership most of it poorly managed and not returning anything like its potential to its owners – you and me. They argue that the debate about private or public ownership is irrelevant – is a political argument that has no real grounding in business. What matter is not the nature of ownership but the quality of management.Publicly owned assets are usually badly managed because they are under political control and politicians rarely make good business people. However, if they are badly managed they are not in a fit state to sell so why privatise at a loss? Better, they argue, to take all these assets into a professionally managed “National Wealth Fund”, free from political interference, and managed for the benefit of its shareholders – ie the public.There are some impressive numbers in this book – they argue that improving the yield on the world’s publicly owned commercial assets by just 1% (not a hard ask I’d say) could fund all the investment in infrastructure. Then, once the assets are functioning efficiently you can decide whether to sell or retain that asset. It’s a compelling argument and very well made. The book is a solid but easy read – not a lightweight fluff piece but not a turgid academic tome.
The Public Wealth of Nations: How Management of Public Assets Can Boost or Bust Economic Growth Cities and the Wealth of Nations: Principles of Economic Life Crash!: How the Economic Boom and Bust of the 1920s Worked (How Things Worked) The New Wealth Management: The Financial Advisor's Guide to Managing and Investing Client Assets Wealth Management: The Financial Advisor's Guide to Investing and Managing Client Assets The New Wealth Management: The Financial Advisor's Guide to Managing and Investing Client Assets (CFA Institute Investment Series) Index Funds: Index Funds Investing Guide To Wealth Building Through Index Funds Investing With Index Funds Investing Strategies For Building Wealth Including ... Guide To Wealth Building With Index Funds) The Iroquois: The Six Nations Confederacy (American Indian Nations) Growing Public: Volume 1, The Story: Social Spending and Economic Growth since the Eighteenth Century Research Methods in Public Administration and Public Management: An Introduction (Routledge Masters in Public Management) The Prepper's Guide To Economic Collapse Survival: How To Survive The Death Of Money And The Loss Of Paper Assets The Death Of Money: The Prepper's Guide To Surviving Economic Collapse, The Loss Of Paper Assets And How To Prepare When Money Is Worthless (Barter,Dollar, ... Fiat, Grid) (SHTF Survival Book 2) TOP 101 Growth Hacks: The best growth hacking ideas that you can put into practice right away Investing 101: A Beginner's Financial Guide for a Rich Life. The Basics on How to Make Money and Build a Wealthy Retirement. (Stocks, Bonds, Gold, Real Estate, Retirement, Assets, Wealth) How To Develop A Super Memory: Easy Techniques to Boost the Power of Your Memory! (Mind Growth Series Book 2) How To Develop Super Creativity: Boost Your Creative Super Powers in Five Easy Steps! (Mind Growth Series Book 1) Breakout Nations: In Pursuit of the Next Economic Miracles Simple Wealth, Inevitable Wealth: How You and Your Financial Advisor Can Grow Your Fortune in Stock Mutual Funds Goals-Based Wealth Management: An Integrated and Practical Approach to Changing the Structure of Wealth Advisory Practices (Wiley Finance) The Wealth of Nations (Modern Library)