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Two Centuries of Parasitic Economics: The Struggle for Economic and Political Democracy on the Eve of the Financial Collapse of the West

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Two Centuries of Parasitic Economics: The Struggle for Economic and Political Democracy on the Eve of the Financial Collapse of the West

4.85 51,722 ratings · 5,979 reviews
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Overview: "Two Centuries of Parasitic Economics " warns of impending rebellions across Western democracies, a delayed reaction to the Thatcher-Reagan counter-revolution and its associated parasitic economics. The Sanders and Trump phenomena in the US, the UK exiting the EU, and the brewing political upheavals across Europe confirm this.Christ advocated morality, but its economic efficiency has eluded economists for centuries. Al-Nakeeb explains morality as a positive economic externality and immorality as a negative one, making a compelling case for the economic efficiency of morality and balancing self-interest and societal-interest. He shows that Christ's ban on usury, for example, is the superior economic policy because usury's social cost far exceeds its nominal interest, causing market failure: it deepens recessions producing losses of millions of homes and jobs, increases risk, depresses growth, requires hugely costly bank bailouts, and undermines democracy itself by increasing bankers' power. Hence, usury is a negative externality that is best classified as a financial pollutant.Christ also called for the rich to look after the poor. This command was implicitly adopted in the aftermath of World War II, with spectacular results. Between 1946 and 1969, the economic dividend of better economic equality was the best US economic performance on record: brief recessions, low unemployment, strong unions, rapidly rising wages and corporate profits, brisk economic growth, greatly expanded welfare benefits, and mild inflation.The flaw in that otherwise excellent economic policy was that it was not driven by morality but by alarm at the spread of communism. Following World War II, communism engulfed numerous countries, from Eastern Europe to China and beyond. Moreover, it was gaining mass support in countries like Germany, Italy, France, Greece, Korea, and Japan. A return to the poverty stricken conditions of the 1930s and earlier risked giving communism the fuel to sweep the West and confiscate the wealth of the plutocracy (the ultra-rich holding the strings of power). Thus, the benevolent economic and political democracy that emerged in the West was plutocracy's insurance policy against revolution.Without appreciating morality's economic efficiency, moral economics was embraced reluctantly as a temporary measure. Hence, when communism waned in the 1980s and no longer threatened capitalism, the Thatcher-Reagan counter revolution relaunched parasitic economics to increase the share of the ultra-rich in the economic pie by rescinding the economic and democratic gains of the working class over the previous three decades, causing rising unemployment, falling real wages, and faltering growth.Other examples of the economic efficiency of morality and the inefficiency of immorality abound, but economists misinterpret them. Thus, Paul Volker, the Fed Chairman during the Carter and Reagan administrations, is mistakenly credited with curing a cost push inflation, using parasitic economics: punitive interest rates triggered two hugely costly and unnecessary recessions. Inflation ultimately fell due to surplus oil: gushing new oil supplies, improving fuel efficiency of the car pool, and better energy management, forced oil prices lower.The forgoing illustrates that the long-stagnant subject of macroeconomics is in bad need of an overhaul to incorporate the economics of morality (and immorality) and requires matching morally correct and economically efficient financial instruments, taxes, and public expenditure and monetary policies. Accordingly, this book has dedicated six chapters to spell out this alternative macroeconomic architecture. Moreover, now is a critical juncture because another major financial crisis is looming and the tired old economic counter measures of parasitic economics are mere sedatives that cure nothing. Hence, economic crises keep reappearing and more aggravated.

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Basil Al-Nakeeb
About the Author
Basil Al-Nakeeb
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Basil Al-Nakeeb is a writer and avid reader based in the Pacific Northwest. Before pursuing writing full-time, they spent over a decade working in education. When not working on their next book, Basil Al-Nakeeb can usually be found hiking with their dog or trying out new coffee shops in their neighborhood.

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Jennifer  Parker
Jennifer Parker January 21, 2024
Absolutely brilliant. The prose is exquisite. It’s accessible yet undeniably sophisticated. A true literary gem.
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Robert Ramirez April 09, 2025
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Robert Hernandez February 07, 2024
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Sarah Collins January 28, 2024
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Linda Roberts August 04, 2025
Exceeded all my expectations. The pacing was impeccable and the characters felt incredibly authentic. I was completely immersed. I will undoubtedly revisit this masterpiece.
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Mary Smith March 05, 2025
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Charles Smith
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I was completely blown away. The pacing was impeccable and the characters felt incredibly authentic. I was completely immersed. I will undoubtedly revisit this masterpiece.
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Lisa Gonzalez April 30, 2025
I thoroughly enjoyed the elegance of it. The protagonist was compelling, though some subplots felt slightly overshadowed. A wonderful companion for a quiet weekend.
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I find myself somewhat conflicted. Certain acts were fascinating, while others felt like a slight endeavor to complete. Unlikely to reread, but a reasonable expenditure of time.
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Such a rich narrative. The prose is exquisite. It’s accessible yet undeniably sophisticated. I will undoubtedly revisit this masterpiece.
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Exceeded all my expectations. I became deeply invested in the protagonist's journey. A masterclass in storytelling. I will undoubtedly revisit this masterpiece.
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Exceeded all my expectations. I became deeply invested in the protagonist's journey. A masterclass in storytelling. I am now a lifelong fan of this author.
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I was completely blown away. It strikes a perfect harmony of dialogue and world-building. Every chapter felt necessary. A true literary gem.
Edward Baker
Edward Baker November 28, 2024
Honestly one of the most premium reading experiences lately. The author orchestrated a breathtaking finale. Truly a work of art. Worth every moment spent reading.
Deborah Adams
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Nicholas Green
Nicholas Green August 15, 2025
Took a moment to build, but the payoff was spectacular. It held my rapt attention, even when certain twists were telegraphed. A wonderful companion for a quiet weekend.
David Robinson
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A very strong entry. Beautiful writing, though I craved slightly more depth in the lore. Still, undeniably engaging. I would highly recommend this to discerning readers.
Ashley Lopez
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Took a moment to build, but the payoff was spectacular. Beautiful writing, though I craved slightly more depth in the lore. Still, undeniably engaging. A solid 4 stars from me.
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An acceptable diversion. It possessed moments of brilliance, but the narrative felt slightly disjointed ultimately. Perhaps more aligned with a different audience's tastes.
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Edward Scott June 20, 2024
A profoundly satisfying read. It strikes a perfect harmony of dialogue and world-building. Every chapter felt necessary. A true literary gem.
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I was completely blown away. The author orchestrated a breathtaking finale. Truly a work of art. I am now a lifelong fan of this author.
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Took a moment to build, but the payoff was spectacular. Beautiful writing, though I craved slightly more depth in the lore. Still, undeniably engaging. I would highly recommend this to discerning readers.
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Absolutely brilliant. The pacing was impeccable and the characters felt incredibly authentic. I was completely immersed. A true literary gem.
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Honestly one of the most premium reading experiences lately. The author orchestrated a breathtaking finale. Truly a work of art. I will undoubtedly revisit this masterpiece.
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Took a moment to build, but the payoff was spectacular. It held my rapt attention, even when certain twists were telegraphed. A solid 4 stars from me.
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Masterpiece from start to finish. I adored how the story unfolded. It kept me captivated without sacrificing elegance. I am now a lifelong fan of this author.
Edward Taylor
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I was completely blown away. The prose is exquisite. It’s accessible yet undeniably sophisticated. I will undoubtedly revisit this masterpiece.
Karen Wilson
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Took a moment to build, but the payoff was spectacular. The middle had a deliberate pace, but the climax was phenomenal. I would highly recommend this to discerning readers.
Donna Cruz
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Honestly one of the most premium reading experiences lately. The pacing was impeccable and the characters felt incredibly authentic. I was completely immersed. An absolute must-read for connoisseurs of the genre.
Eric Taylor
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Exceeded all my expectations. I became deeply invested in the protagonist's journey. A masterclass in storytelling. Worth every moment spent reading.
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Patricia Harris
Patricia Harris January 10, 2024
Masterpiece from start to finish. It strikes a perfect harmony of dialogue and world-building. Every chapter felt necessary. I will undoubtedly revisit this masterpiece.
Nicholas Rodriguez
Nicholas Rodriguez April 04, 2024
I thoroughly enjoyed the elegance of it. The middle had a deliberate pace, but the climax was phenomenal. Quite impressive overall.
Jacob Garcia
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A highly sophisticated read. It held my rapt attention, even when certain twists were telegraphed. A solid 4 stars from me.
Jacob Green
Jacob Green March 29, 2024
Masterpiece from start to finish. The author orchestrated a breathtaking finale. Truly a work of art. I will undoubtedly revisit this masterpiece.
John Thomas
John Thomas May 22, 2024
Honestly one of the most premium reading experiences lately. I adored how the story unfolded. It kept me captivated without sacrificing elegance. A true literary gem.
Deborah Hall
Deborah Hall April 14, 2024
A very strong entry. The middle had a deliberate pace, but the climax was phenomenal. Quite impressive overall.
Kevin Hall
Kevin Hall December 23, 2024
A highly sophisticated read. A brilliant concept executed with flair. Just a few pacing choices I would change. A wonderful companion for a quiet weekend.
Anthony Harris
Anthony Harris January 17, 2024
I was completely blown away. I adored how the story unfolded. It kept me captivated without sacrificing elegance. A true literary gem.
George Green
George Green October 12, 2024
I thoroughly enjoyed the elegance of it. A brilliant concept executed with flair. Just a few pacing choices I would change. A very distinguished novel.
Donna Walker
Donna Walker December 10, 2025
Such a rich narrative. The prose is exquisite. It’s accessible yet undeniably sophisticated. I am now a lifelong fan of this author.
Sarah Scott
Sarah Scott November 26, 2024
A decent, if standard, experience. It possessed moments of brilliance, but the narrative felt slightly disjointed ultimately. Suitable if your reading queue is empty.
Christopher Anderson
Christopher Anderson August 27, 2024
I find myself somewhat conflicted. The prose was competent, yet the characters lacked the depth I usually seek. Unlikely to reread, but a reasonable expenditure of time.
Jacob Hernandez
Jacob Hernandez August 26, 2024
Masterpiece from start to finish. I adored how the story unfolded. It kept me captivated without sacrificing elegance. An effortless 5 stars.
Charles Walker
Charles Walker June 19, 2024
Took a moment to build, but the payoff was spectacular. A brilliant concept executed with flair. Just a few pacing choices I would change. A solid 4 stars from me.
Joshua Lee
Joshua Lee May 28, 2025
Such a rich narrative. The prose is exquisite. It’s accessible yet undeniably sophisticated. I will undoubtedly revisit this masterpiece.
Sharon Clark
Sharon Clark December 21, 2025
Excellent, though slightly flawed. The middle had a deliberate pace, but the climax was phenomenal. A solid 4 stars from me.
Nicholas Clark
Nicholas Clark February 20, 2025
Absolutely brilliant. The prose is exquisite. It’s accessible yet undeniably sophisticated. An absolute must-read for connoisseurs of the genre.
Mary  Parker
Mary Parker February 14, 2024
A highly sophisticated read. Beautiful writing, though I craved slightly more depth in the lore. Still, undeniably engaging. I would highly recommend this to discerning readers.
Susan Miller
Susan Miller June 30, 2024
Masterpiece from start to finish. The author orchestrated a breathtaking finale. Truly a work of art. Worth every moment spent reading.
Betty Martinez
Betty Martinez December 05, 2024
A profoundly satisfying read. I became deeply invested in the protagonist's journey. A masterclass in storytelling. I am now a lifelong fan of this author.
Joshua Lopez
Joshua Lopez February 22, 2024
Exceeded all my expectations. I became deeply invested in the protagonist's journey. A masterclass in storytelling. A true literary gem.
Michelle Robinson
Michelle Robinson November 10, 2024
I was completely blown away. The prose is exquisite. It’s accessible yet undeniably sophisticated. A true literary gem.
Donna Cruz
Donna Cruz March 19, 2024
Took a moment to build, but the payoff was spectacular. The protagonist was compelling, though some subplots felt slightly overshadowed. A solid 4 stars from me.
Kenneth Hall
Kenneth Hall February 19, 2024
I was completely blown away. I adored how the story unfolded. It kept me captivated without sacrificing elegance. An absolute must-read for connoisseurs of the genre.
Daniel King
Daniel King February 03, 2024
An acceptable diversion. It possessed moments of brilliance, but the narrative felt slightly disjointed ultimately. Perhaps more aligned with a different audience's tastes.
Paul Clark
Paul Clark August 01, 2024
Exceeded all my expectations. I adored how the story unfolded. It kept me captivated without sacrificing elegance. A true literary gem.
Karen Wright
Karen Wright June 16, 2025
Exceeded all my expectations. I adored how the story unfolded. It kept me captivated without sacrificing elegance. An absolute must-read for connoisseurs of the genre.
Lisa Anderson
Lisa Anderson May 16, 2025
Such a rich narrative. The prose is exquisite. It’s accessible yet undeniably sophisticated. An absolute must-read for connoisseurs of the genre.
Nicholas Brown
Nicholas Brown May 18, 2025
Masterpiece from start to finish. I became deeply invested in the protagonist's journey. A masterclass in storytelling. Worth every moment spent reading.
Betty Scott
Betty Scott August 20, 2024
Absolutely brilliant. I adored how the story unfolded. It kept me captivated without sacrificing elegance. I will undoubtedly revisit this masterpiece.
Eric Allen
Eric Allen September 04, 2025
Honestly one of the most premium reading experiences lately. I became deeply invested in the protagonist's journey. A masterclass in storytelling. Worth every moment spent reading.
George White
George White April 07, 2025
Absolutely brilliant. The prose is exquisite. It’s accessible yet undeniably sophisticated. Worth every moment spent reading.
Matthew Phillips
Matthew Phillips December 08, 2025
Masterpiece from start to finish. The pacing was impeccable and the characters felt incredibly authentic. I was completely immersed. Worth every moment spent reading.
Michelle Taylor
Michelle Taylor August 08, 2025
I was completely blown away. The prose is exquisite. It’s accessible yet undeniably sophisticated. An effortless 5 stars.
Melissa Sanchez
Melissa Sanchez January 06, 2025
I was completely blown away. I adored how the story unfolded. It kept me captivated without sacrificing elegance. An effortless 5 stars.
Dorothy Gonzalez
Dorothy Gonzalez October 07, 2025
A profoundly satisfying read. The pacing was impeccable and the characters felt incredibly authentic. I was completely immersed. An absolute must-read for connoisseurs of the genre.
Mary Martinez
Mary Martinez March 09, 2024
Such a rich narrative. It strikes a perfect harmony of dialogue and world-building. Every chapter felt necessary. Worth every moment spent reading.
Nancy Campbell
Nancy Campbell March 31, 2024
Excellent, though slightly flawed. The protagonist was compelling, though some subplots felt slightly overshadowed. A very distinguished novel.
Michael Collins
Michael Collins July 31, 2025
A very strong entry. Beautiful writing, though I craved slightly more depth in the lore. Still, undeniably engaging. Quite impressive overall.
Nicholas Green
Nicholas Green September 10, 2024
Masterpiece from start to finish. The author orchestrated a breathtaking finale. Truly a work of art. Worth every moment spent reading.
Nancy Young
Nancy Young June 15, 2024
A very strong entry. The protagonist was compelling, though some subplots felt slightly overshadowed. I would highly recommend this to discerning readers.
Linda Lee
Linda Lee June 20, 2024
I was completely blown away. I became deeply invested in the protagonist's journey. A masterclass in storytelling. An effortless 5 stars.
Linda Roberts
Linda Roberts March 08, 2025
Such a rich narrative. The author orchestrated a breathtaking finale. Truly a work of art. A true literary gem.
Andrew Allen
Andrew Allen August 06, 2025
Masterpiece from start to finish. The prose is exquisite. It’s accessible yet undeniably sophisticated. An effortless 5 stars.
Deborah Green
Deborah Green July 20, 2024
A profoundly satisfying read. The pacing was impeccable and the characters felt incredibly authentic. I was completely immersed. Worth every moment spent reading.
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