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"item_description" : "How Wall Street concocted a more volatile and dangerous capitalismThe 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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The Fall and Rise of American Finance : From JP Morgan to Blackrock
by Stephen Maher and Scott Aquanno
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Overview
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.
This item is Non-Returnable
Details
- ISBN: 9781839765278
- Publisher: Verso Books
- Imprint: Verso
- Date: Feb 2024
- Seller Statement: Sold by Random House WHS
