FUNDAMENTAL
AWARENESS
in
ECONOMICS & POLITICS
a series by
SALIH REISOGLU
THE SERIES
In the last two decades Free Market Economy and Democracy came to the brink of collapse for the failure of their vital principles which either became inadequate in today’s complex environment, or worse, are deliberately misapplied in practice. These economic and political systems, therefore, can not survive unless their current structural problems are dealt with, and difficult but realistic solutions are implemented. Unfortunately, societies still fail to see the forest for the trees, and are wasting precious time by focusing on secondary issues.
The series aims to develop a fundamental awareness on the primary issues in economics and politics that need to be well recognized and well analysed, so that the required structural changes can be decisively put into practice before it is too late.
Published books in the series
• Losing Social Intellect (2024)
• Competition and Cheating (2025)
• Inequality and Democracy (2026)
and coming soon
• A New Advanced Democracy
THE AUTHOR
Salih Reisoglu has served as the CEO of an Investment Management Company for 20 years, and is an expert on Capital Markets with over 35 years of experience in analysing economics and politics. He holds an MSc in Computer Engineering from Lehigh University, and an MBA in Finance from the Wharton School of the University of Pennsylvania.
THE BOOKS
All the books in this series are available in e-book, paperback and hardcover formats at amazon.com and amazon.co.uk.
BOOK ONE
LOSING SOCIAL INTELLECT
The core reason behind the troubles in Free Market Economy and Democracy
2024 / 200 pages
In the last two decades, Free Market Economy and Democracy came to the brink of collapse. These systems will continue to stand at the edge of the hill unless their fundamental flaw is dealt with. Unfortunately, while the issues of secondary importance are freely discussed, it is a taboo to mention the elephant in the room: the social intellect threshold for the society for the proper functioning of Free Market Economy and Democracy is rising every passing day, while the Social Intellect of the society is not.
The freedom to choose does not have much of a meaning if the society does not have the ability to choose. When the society gets naive enough to be manipulated to make choices that transfer economic and political power to concentrated interest groups who serve their own interests at the expense of the society, Free Market Economy and Democracy fail to serve their functions.
Losing Social Intellect analyses why Social Intellect is weakening, how this shakes the foundations of the western social order, and what can be done to cure these troubles before the western economic and political systems are ruined.
BOOK TWO
COMPETITION AND CHEATING
The malfunctioning of Free Market Economy and Democracy
2025 / 200 pages
Freedom is the most sacred value of humankind and the main pillar of the western social order.
With freedom, comes competition.
With competition, comes cheating.
And cheating is not a zero-sum game. Each cheater extracts some benefit for himself, but inflicts a much greater harm on the society.
As cheating feeds on itself and spreads, concentrations of power in both the economic and the political systems will emerge to promote their own interests, and Free Market Economy and Democracy will cease to serve the interests of the society.
Competition and Cheating explains why cheating, and consequently concentrations of power, have a natural tendency to emerge, spread and strengthen within the economic and political systems, and what the society should do to escape this vortex that will eventually undermine its social order.
BOOK THREE
INEQUALITY AND DEMOCRACY
The real drivers of Growth and Welfare, and when Democracy fails in optimising Inequality
2026 / 242 pages
The relation of competition and inequality. And the relation of inequality and growth. Both are much stronger than commonly recognized, but neither is as mysterious as the relation of inequality and Democracy.
The western social order is based on Free Market Economy and Democracy. Free markets, while supporting growth, create and feed inequality. To balance them out, there is Democracy, for the society to have the final say on the economy, indirectly but decisively. Based on absolute-political-equality, where each individual has one and only one vote, Democracy should be able to contain inequality within rational and acceptable boundaries.
How come, then, many western societies are witnessing the strange co-existence of excessive-inequality and Democracy in practice, although they are supposed to be mutually exclusive in principle?
Inequality and Democracy explains why the welfare of the society can be maximized only through a delicate balance of growth and inequality, how Free Market Economy and Democracy are supposed to bring out that balance through the theoretically flawless check-and-balance dynamics between them, why these dynamics fail spectacularly in practice, creating too high inequality and too low growth, and how a society with adequate Social Intellect can deal with inequality through Democracy to cure the troubles.