A new book by Apek Mulay, “Mass Capitalism: A Blueprint for Economic Revival,” presents solutions to the economic problems threatening the United States as well as global economies having capitalist systems. “What I propose would help establish a free-market economy in the United States and lead to a balanced economy, high investments, high growth and increased motivation for employees to work hard and result in a steady growth in corporate profits,” says Mulay, CEO of Mulay’s Consultancy Services.
“My message runs counter to the established norms of the U.S. semiconductor industry and its professionals, who tend to believe that it’ll be economics that leads to the demise of Moore’s Law – the observation that, throughout the history of computing hardware, the number of transistors in a densely integrated circuit doubles approximately every two years.”
Mulay is currently writing a book on a related topic titled, “Sustaining Moore’s Law: Uncertainty Leading to a Certainty,” to be published by Morgan & Claypool.
In clear, simple explanations, Mulay discusses his expertise in macroeconomics, socio-economics, supply chains, business models, geo-politics and macro-finance, and how they relate to the capital-intensive semiconductor industry.
“Mass Capitalism” was written to materialize the ideals and goals of most macroeconomic theories, and help establish a balanced economy, eliminate unemployment, eliminate deficits and national debt, and help re-establish a more robust, free-market U.S. economy, which would have minimal government overreach and lower taxes on individuals, he says.
“‘Mass Capitalism’ offers hope for the embattled US economy,” writes Dr. Stanley Wolf, president and founder of Lattice Press, a highly respected publication in the microelectronics industry. “Apek Mulay has seen the negative impacts of offshoring and unequal trade regulations on the microelectronics industry. The solutions he proposes would level the playing field and strengthen the US economy. ‘Mass Capitalism’ provides his vision for improving our future.”
Dr. Ravi Batra, author of six international best sellers, including “New Golden Age” and “Greenspan’s Fraud,” as well as the upcoming 2015 publication, “End Unemployment Now: How to Eliminate Joblessness, Debt and Poverty Despite Congress,” writes:
“… There is some evidence that the concept is catching on. Mr. Apek Mulay, an engineer cum economist, has authored a book entitled, ‘Mass Capitalism: A Blueprint for Economic Revival.’ He argues that mass capitalism is a wave of the future, and I agree.”
“Mass Capitalism” appeals to classical and neoclassical economists, as well as the entire business community, since the book’s thesis supports small government.
“Neo-Keynesians will appreciate the details acknowledging the importance of low unemployment and the inherent stability in the U.S. economy; my thesis supports wages reflecting worker productivity, resulting in less inequality in the economy,” Mulay says.
“On the other side of the same coin, CEOs of the U.S. microelectronics industry, for example, would like the business model proposed in my book because it ensures a steady growth in corporate profits and, hence, a steady rise in share prices of their corporations. By bringing about an end to the control of businesses by their non-employee investors, the system I propose would put an end to the ballyhoo and hoopla of speculative bubbles, which has been always been followed by an inevitable crash of U.S. stock markets. ‘Mass Capitalism’ offers a solution for all potential economic ills. It’s a blueprint for our economic revival.”
Apek Mulay is CEO of Mulay’s Consultancy Services, a senior analyst and macroeconomist in the United States semiconductor industry. He attended the University of Mumbai in India and later completed his master’s degree in electronics engineering at Texas Tech University.
Published: Jan. 1, 2015 - Volume 13 - Issue 38