Sabotage: The Hidden Nature of Finance (Hardcover)

₱1,296.00
In stock
Only 1 left
SKU
9781610399685

This book is a brilliant, intellectual detective story that traces the origins of financial sabotage, starting with the work of a prescient American economist who saw the capacity for banks and businesses to dissemble and profit as early as the 1920s. What was accomplished modestly in the first half of the 20th century became a booming global industry in the 1980s. Financialization took over everything, culminating in instruments so complex and confusing their own creators were being destroyed by them in 2008.

Get Sabotage: The Hidden Nature of Finance (Hardcover) by Anastasia Nesvetailova and Ronen Palan and other economics books online and at Fully Booked bookstore branches in the Philippines.

I don't like the word 'sabotage',"--a former Goldman Sachs trader admitted. "It's just harsh.... Though, frankly, how else do you make money in this business...I mean, real money."

The fundamental motive for financial innovation is not to make the system work better, but to avoid regulation and oversight. This is not a bug of the financial system, but a built-in feature. The president of the US is not a tax avoider because he is an especially fraudulent financier; he's a tax avoider because he is a wealthy man in a system premised on such deceit. Finance is an industry of sabotage.

This book is a brilliant, intellectual detective story that traces the origins of financial sabotage, starting with the work of a prescient American economist who saw the capacity for banks and businesses to dissemble and profit as early as the 1920s. What was accomplished modestly in the first half of the 20th century became a booming global industry in the 1980s. Financialization took over everything, culminating in instruments so complex and confusing their own creators were being destroyed by them in 2008.

With each financial bust, people expect to hear who the culprit was, and cynically know to not expect much punishment to ever reach them. But the innovation of this book is to show that each individual gaming the system isn't a crook the whole system is sabotage.
More Information
ISBN 9781610399685
Length (cm) 15.0000
Width (cm) 3.0000
Height (cm) 21.0000
Publisher PublicAffairs
Publication Date Jan 14, 2020
Pages (number) 272
Genre Economics, Business & Leadership
Author Anastasia Nesvetailova, Ronen Palan
Signed No
Format Hardcover
Editorial Reviews N/A
Write Your Own Review
Only registered users can write reviews. Please Sign in or create an account