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Makers and Takers

The Rise of Finance and the Fall of American Business

Gebonden Engels 2016 9780553447231
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Samenvatting

In looking at the forces that shaped the 2016 presidential election, 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.

Specificaties

ISBN13:9780553447231
Taal:Engels
Bindwijze:gebonden
Aantal pagina's:388
Uitgever:Penguin Books
Druk:1
Verschijningsdatum:1-1-2016
Hoofdrubriek:Economie
ISSN:

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Over Rana Foroohar

Rana Foroohar is a global business columnist and an associate editor for the Financial Times and CNN’s global economic analyst. She was awarded the 2018 Best in Business Award by the Society for Advancing Business Editing and Writing (SABEW) for her opinion writing on the world’s technology companies. Previously, Foroohar was the assistant managing editor in charge of business and economics at Time, as well as the magazine’s economic columnist. She also spent thirteen years at Newsweek as an economic and foreign affairs editor and a foreign correspondent. During that time, she was awarded the German Marshall Fund’s Peter R. Weitz Prize for transatlantic reporting. She has received awards and fellowships from institutions such as the Johns Hopkins School of Advanced International Studies and the East-West Center. She is a life member of the Council on Foreign Relations.

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