The Finance Curse
How Global Finance is Making Us All Poorer
by Nicholas Shaxson
This title was previously available on NetGalley and is now archived.
Send NetGalley books directly to your Kindle or Kindle app
1
To read on a Kindle or Kindle app, please add kindle@netgalley.com as an approved email address to receive files in your Amazon account. Click here for step-by-step instructions.
2
Also find your Kindle email address within your Amazon account, and enter it here.
Pub Date Nov 05 2019 | Archive Date Nov 05 2019
Grove Atlantic | Grove Press
Talking about this book? Use #TheFinanceCurse #NetGalley. More hashtag tips!
Description
How did we get to this situation? Shaxson describes the transformation of banks over the twentieth century as they changed from relatively small institutions that did well for themselves by serving the needs of business, to unfettered global behemoths. As the world reeled from World War II, the banks grew bigger in the post-war restructuring, experimenting with esoteric financial instruments like the Eurobonds in the 1960s, and then in the 1970s and ’80s taking increasingly high risks in order to compete with each other to return more profit to their demanding shareholders. Now these megabanks spread the fiscal gospel that business must be taxed as little as possible, that corporations need rights previously granted to humans, and encourage a fight to the bottom between states to provide the most subsidized environment for big business, in the name of “competitivity.”
We need strong financial institutions—but when finance grows too big it becomes a curse.The Finance Curse is the explosive story of how finance got a stranglehold on society and how we might release ourselves from its grasp.
Available Editions
EDITION | Other Format |
ISBN | 9780802128478 |
PRICE | $27.00 (USD) |
PAGES | 304 |