The Fall and Rise of American Finance

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  • The Fall and Rise of American Finance Book Detail

  • Author : Stephen Maher
  • Release Date : 2024-02-13
  • Publisher : Verso Books
  • Genre : Political Science
  • Pages : 273
  • ISBN 13 : 1839765267
  • File Size : 62,62 MB

The Fall and Rise of American Finance by Stephen Maher PDF Summary

Book Description: How Wall Street concocted a more volatile and dangerous capitalism The Fall and Rise of American Finance traces the collapse and reconstitution of American financial power from the disintegration of robber baron J. P. Morgan’s vast empire to the rise of finance behemoth BlackRock. Contrary to what is taken for common sense by figures from Hillary Clinton to Bernie Sanders, Maher and Aquanno insist that financialization did not imply the hollowing out of the “real” economy or the retreat of the state. Rather, it served to intensify competitive discipline to maximize efficiency, profits, and the exploitation of labor—with the support of an increasingly authoritarian state.

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