Makers And Takers

Author: Rana Foroohar
Publisher: Crown Business
ISBN: 0553447254
Size: 24.32 MB
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"Award-winning business journalist Rana Foroohar shows how the shortsighted and misguided financial practices that nearly toppled the global economy in 2008 have come to infiltrate all corners of American business--putting us on a dangerous collision course to another economic meltdown that will make 2008 look like a mere blip in the business cycle"--

Makers And Takers

Author: Rana Foroohar
Publisher: Crown Books
ISBN: 0553447238
Size: 72.57 MB
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"Foroohar [posits that] the shortsighted and misguided financial practices that nearly toppled the global economy in 2008 have come to infiltrate all corners of American business--putting us on a dangerous collision course to another economic meltdown that will make 2008 look like a mere blip in the business cycle"--

Makers And Takers

Author: Rana Foroohar
Publisher: Crown Business
ISBN: 0553447246
Size: 11.50 MB
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Is Wall Street bad for Main Street America? In looking at the forces that brought our current administration to power one thing is clear: much of the population believes that our economic system is rigged to enrich the privileged elites at the expense of hard-working Americans. This is a belief held equally on both sides of political spectrum, and it seems only to be gaining momentum. A key reason, says Financial Times columnist Rana Foroohar, is the fact that Wall Street is no longer supporting Main Street businesses that create the jobs for the middle and working class. She draws on in-depth reporting and interviews at the highest rungs of business and government to show how the “financialization of America”—the phenomenon by which finance and its way of thinking have come to dominate every corner of business—is threatening the American Dream. Now updated with new material explaining how our corrupted financial sys­tem propelled Donald Trump to power, Makers and Takers explores the confluence of forces that has led American businesses to favor balance-sheet engineering over the actual kind, greed over growth, and short-term profits over putting people to work. From the cozy relationship between Wall Street and Washington, to a tax code designed to benefit wealthy individuals and corporations, to forty years of bad policy decisions, she shows why so many Americans have lost trust in the sys­tem, and why it matters urgently to us all. Through colorful stories of both “Takers,” those stifling job creation while lining their own pockets, and “Makers,” businesses serving the real economy, Foroohar shows how we can reverse these trends for a better path forward.

Financialization

Author: T. Palley
Publisher: Springer
ISBN: 1137265825
Size: 10.43 MB
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The term financialization is a term that has become popular to describe developments within the global economy, and particularly within developed industrialized economies, over the past thirty years. The book is divided into four sections, which together give a comprehensive treatment of the economics and political economy of financialization.

The Only Game In Town

Author: Mohamed A. El-Erian
Publisher: Random House
ISBN: 0812997638
Size: 36.50 MB
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NEW YORK TIMES BESTSELLER • A roadmap to what lies ahead and the decisions we must make now to stave off the next global economic and financial crisis, from one of the world’s most influential economic thinkers and the author of When Markets Collide • With a new introduction by the author Our current economic path is coming to an end. The signposts are all around us: sluggish growth, rising inequality, stubbornly high pockets of unemployment, and jittery financial markets, to name a few. Soon we will reach a fork in the road: One path leads to renewed growth, prosperity, and financial stability, the other to recession and market disorder. In The Only Game in Town, El-Erian casts his gaze toward the future of the global economy and markets, outlining the choices we face both individually and collectively in an era of economic uncertainty and financial insecurity. Beginning with their response to the 2008 global crisis, El-Erian explains how and why our central banks became the critical policy actors—and, most important, why they cannot continue is this role alone. They saved the financial system from collapse in 2008 and a multiyear economic depression, but lack the tools to enable a return to high inclusive growth and durable financial stability. The time has come for a policy handoff, from a prolonged period of monetary policy experimentation to a strategy that better targets what ails economies and distorts the financial sector—before we stumble into another crisis. The future, critically, is not predestined. It is up to us to decide where we will go from here as households, investors, companies, and governments. Using a mix of insights from economics, finance, and behavioral science, this book gives us the tools we need to properly understand this turning point, prepare for it, and come out of it stronger. A comprehensive, controversial look at the realities of our global economy and markets, The Only Game in Town is required reading for investors, policymakers, and anyone interested in the future. Praise for The Only Game in Town “The one economic book you must read now . . . If you want to understand [our] bifurcated world and where it’s headed, there is no better interpreter than Mohamed El-Erian.”–Time “A grand tour of the challenges we face, along with ideal solutions and more likely outcomes . . . We desperately need a system in which the central banks are no longer the only game in town.”—Steven Rattner, The New York Times Book Review “A must-read from one of the most astute financial analysts of our time.”—Walter Isaacson, author of Steve Jobs “El-Erian’s gift for clarity and his use of compelling examples make important economic issues accessible.”—Anne-Marie Slaughter, president and CEO, New America “[A] highly intelligent analysis.”—Fareed Zakaria, CNN (book of the week)

Other People S Money

Author: John Kay
Publisher: PublicAffairs
ISBN: 1610396049
Size: 45.39 MB
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The finance sector of Western economies is too large and attracts too many of the smartest college graduates. Financialization over the past three decades has created a structure that lacks resilience and supports absurd volumes of trading. The finance sector devotes too little attention to the search for new investment opportunities and the stewardship of existing ones, and far too much to secondary-market dealing in existing assets. Regulation has contributed more to the problems than the solutions. Why? What is finance for? John Kay, with wide practical and academic experience in the world of finance, understands the operation of the financial sector better than most. He believes in good banks and effective asset managers, but good banks and effective asset managers are not what he sees. In a dazzling and revelatory tour of the financial world as it has emerged from the wreckage of the 2008 crisis, Kay does not flinch in his criticism: we do need some of the things that Citigroup and Goldman Sachs do, but we do not need Citigroup and Goldman to do them. And many of the things done by Citigroup and Goldman do not need to be done at all. The finance sector needs to be reminded of its primary purpose: to manage other people’s money for the benefit of businesses and households. It is an aberration when the some of the finest mathematical and scientific minds are tasked with devising algorithms for the sole purpose of exploiting the weakness of other algorithms for computerized trading in securities. To travel further down that road leads to ruin.

Financialization And The Us Economy

Author: È Orhangazi
Publisher: Edward Elgar Publishing
ISBN: 1848440162
Size: 21.83 MB
Format: PDF, Kindle
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Profound transformations have taken place both in the US and the global economy, most especially in the realm of finance. This title brings together a comprehensive analysis of financialization in the US economy that encompasses historical, theoretical, and empirical sides of the issues.

Summary Of Makers And Takers The Rise Of Finance And The Fall Of American Business

Author: Instaread Summaries
Publisher: Idreambooks
ISBN: 9781683784067
Size: 11.18 MB
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Summary of Makers and Takers by Rana Foroohar Includes Analysis Preview: Rana Foroohar's Makers and Takers: The Rise of Finance and the Fall of American Business argues that finance has become an increasingly dominant force in controlling the organization of the US economy. This has weakened American business and created growing inequality. The argument against the growing power of finance capital is not an argument against capitalism itself. Rather, finance must be reined in so that capitalism can proceed efficiently. Healthy competition is undermined when banks and financial conglomerates trade in commodities, thereby competing with businesses rather than supplying them with capital. Financial industries have access to information and capital that gives them unfair advantages in the market. Financial firms make profits by manipulating money and debt, rather than by producing goods or providing services. The financialization of the economy has led to a pursuit of short-term profits to pump up stock prices at the expense of needed... PLEASE NOTE: This is key takeaways and analysis of the book and NOT the original book. Inside this Instaread Summary of Makers and Takers by Rana Foroohar Includes Analysis - Overview of the Book - Important People - Key Takeaways - Analysis of Key Takeaways About the Author With Instaread, you can get the key takeaways, summary and analysis of a book in 15 minutes. We read every chapter, identify the key takeaways and analyze them for your convenience. Visit our website at instaread.co.

American Capitalism

Author: John Galbraith
Publisher: Routledge
ISBN: 1351532871
Size: 64.68 MB
Format: PDF, ePub
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In his new introduction to this classic text on political economy, Galbraith reasserts the validity of the core thesis of American Capitalism: The best and established answer to economic power is the building of countervailing power. The trade union remains an equalizing force in the labor markets, and the chain store is the best answer to the market power of big food companies. This work remains an essential guidepost of American mores as well as that as of the American economy.

Summary Of Makers And Takers

Author: Instaread
Publisher: Instaread
ISBN: 1683784200
Size: 24.75 MB
Format: PDF
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Summary of Makers and Takers by Rana Foroohar | Includes Analysis Preview: Rana Foroohar’s Makers and Takers: The Rise of Finance and the Fall of American Business argues that finance has become an increasingly dominant force in controlling the organization of the US economy. This has weakened American business and created growing inequality. The argument against the growing power of finance capital is not an argument against capitalism itself. Rather, finance must be reined in so that capitalism can proceed efficiently. Healthy competition is undermined when banks and financial conglomerates trade in commodities, thereby competing with businesses rather than supplying them with capital. Financial industries have access to information and capital that gives them unfair advantages in the market. Financial firms make profits by manipulating money and debt, rather than by producing goods or providing services. The financialization of the economy has led to a pursuit of short-term profits to pump up stock prices at the expense of needed… PLEASE NOTE: This is key takeaways and analysis of the book and NOT the original book. Inside this Instaread Summary of Makers and Takers by Rana Foroohar | Includes Analysis · Overview of the Book · Important People · Key Takeaways · Analysis of Key Takeaways About the Author With Instaread, you can get the key takeaways, summary and analysis of a book in 15 minutes. We read every chapter, identify the key takeaways and analyze them for your convenience. Visit our website at instaread.co.