Triumph of the Yuppies: America, the Eighties, and the Creation of an Unequal Nation
by Tom McGrath · 3 Jun 2024 · 326pp · 103,034 words
the press, including a story with writer Edward Jay Epstein in Manhattan, inc. magazine. What junk bonds had done, Milken explained to Epstein, was to democratize finance and business. As for his alliances with raiders like T. Boone Pickens and Carl Icahn and their attacks on big corporations, well, they were simply
Stolen: How to Save the World From Financialisation
by Grace Blakeley · 9 Sep 2019 · 263pp · 80,594 words
’s Wealth Fund (CWF), which would be capitalised using existing collective assets, and added to through tax revenues and the profits from the system of democratic finance.12 After several decades of almost continuous privatisation, the British state is relatively asset-poor. The Bank of England, however, owns a substantial amount of
Vulture Capitalism: Corporate Crimes, Backdoor Bailouts, and the Death of Freedom
by Grace Blakeley · 11 Mar 2024 · 371pp · 137,268 words
directors.”56 This approach could also be extended to bankruptcy proceedings to support workers to buy out a company themselves through the bankruptcy process.57 Democratizing Finance As we saw in chapter 5, decisions about investment are currently the closely guarded prerogatives of capital. Financial institutions, which finance and mediate these decisions
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Dominique Meda, Democratize Work. 57. See, e.g., Pickard, “UK’s Labour Would Seize £300bn of Company Shares.” 58. Michael A. McCarthy, “The Politics of Democratizing Finance: A Radical View,” Politics & Society 47, no. 4 (December 2019): 611–33, https://doi.org/10.1177/0032329219878990; Fred Block and Robert Hockett
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, Democratizing Finance: Restructuring Credit to Transform Society (London: Verso, 2022). 59. Christine Berry and Laurie MacFarlane, “A New Public Banking System: A Report to the Labour Party
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’s KfW and Brazil’s BNDES,” SWPS 2015-26, September 16, 2015, http://dx.doi.org/10.2139/ssrn.2744613. 61. McCarthy, “The Politics of Democratizing Finance: A Radical View.” 62. Blakeley, Stolen. The UK think tank Common Wealth later developed this proposal in their report: Adrienne Buller, Chris Hayes, and Mathew
The Making of Global Capitalism
by Leo Panitch and Sam Gindin · 8 Oct 2012 · 823pp · 206,070 words
were in fact the most conservative and monetarist and the least oriented to the guiding principles of Bretton Woods; German Keynesians (above all the social democratic finance minister, Karl Schiller) were at one with US economists like Galbraith and Kindleberger in viewing capital controls as antithetical to liberal internationalism.52 In fact
The Marshall Plan: Dawn of the Cold War
by Benn Steil · 13 Feb 2018 · 913pp · 219,078 words
replace Ramadier. President Vincent Auriol, confiding to his diary that the country “was on the edge of the abyss,”43 turned to ascetic MRP (Christian Democrat) finance minister Robert Schuman. On a pledge to “defend the Republic,” Schuman secured the necessary majority on the 24th.44 Born in Luxembourg, educated in then
The Future of Money: How the Digital Revolution Is Transforming Currencies and Finance
by Eswar S. Prasad · 27 Sep 2021 · 661pp · 185,701 words
a more profound and lasting impact on financial markets and central banks. The overall impact of this disruption could be beneficial in many ways, potentially democratizing finance and improving the lives of even poorer households by expanding their access to savings and credit products. Savers will be able to choose from a
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earlier technological advances that modernized specific elements of finance. This latest revolution touches every aspect of financial markets and institutions. It carries the prospect of democratizing finance by providing the economically underprivileged with access to the financial system. The revolution promises, and has begun to deliver, lower costs and more efficient financial
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. In short, decentralized trust mechanisms in commerce and finance cannot entirely displace a trusted government. Lifting All Boats? New technologies hold out the promise of democratizing finance and broadening access to financial products and services. The dream of decentralized finance, with even low-income households gaining access to bespoke products that meet
Adaptive Markets: Financial Evolution at the Speed of Thought
by Andrew W. Lo · 3 Apr 2017 · 733pp · 179,391 words
technologies empower people to do things that they never imagined they could do for themselves, and this new financial technology is no different. It’s democratized finance but, as with all new technologies, it also brought new risks—as we’ll see in later chapters. WHAT TO EXPECT WHEN YOU’RE EXPECTING
Never Let a Serious Crisis Go to Waste: How Neoliberalism Survived the Financial Meltdown
by Philip Mirowski · 24 Jun 2013 · 662pp · 180,546 words
, it seems a safe bet that most of what passes for financial policy is merely recycled.” Lo (“Reading About the Financial Crisis”) summarizes: Shiller proposes “democratizing finance—extending the application of sound financial principles to a larger and larger segment of society.” This follows from his theoretical premise: if bubbles are caused
Finance and the Good Society
by Robert J. Shiller · 1 Jan 2012 · 288pp · 16,556 words
extent a history of deliberate government policies to disperse nancial interests, to disperse ownership across a wider segment of the population. Such policies have helped democratize finance. People seldom realize to what extent we live in a society that is structured by nancial design to become better and better over time. The
The Rise and Fall of the Neoliberal Order: America and the World in the Free Market Era
by Gary Gerstle · 14 Oct 2022 · 655pp · 156,367 words
10, 2021. 53.See, for example, Saule Omarova’s proposal to shift consumer deposit accounts from private banks to the Fed as a way of democratizing finance. Omarova, “The People’s Ledger.” See also Charles Lane, “Joe Biden Isn’t a Socialist but His Nominee to Regulate Banks Has Pretty Radical Ideas
The Great Leveler: Violence and the History of Inequality From the Stone Age to the Twenty-First Century
by Walter Scheidel · 17 Jan 2017 · 775pp · 208,604 words
The Revolution That Wasn't: GameStop, Reddit, and the Fleecing of Small Investors
by Spencer Jakab · 1 Feb 2022 · 420pp · 94,064 words
MegaThreats: Ten Dangerous Trends That Imperil Our Future, and How to Survive Them
by Nouriel Roubini · 17 Oct 2022 · 328pp · 96,678 words
The Antisocial Network: The GameStop Short Squeeze and the Ragtag Group of Amateur Traders That Brought Wall Street to Its Knees
by Ben Mezrich · 6 Sep 2021 · 239pp · 74,845 words
The Myth of the Rational Market: A History of Risk, Reward, and Delusion on Wall Street
by Justin Fox · 29 May 2009 · 461pp · 128,421 words
Gaming the Vote: Why Elections Aren't Fair (And What We Can Do About It)
by William Poundstone · 5 Feb 2008
What's Yours Is Mine: Against the Sharing Economy
by Tom Slee · 18 Nov 2015 · 265pp · 69,310 words
Kings of Crypto: One Startup's Quest to Take Cryptocurrency Out of Silicon Valley and Onto Wall Street
by Jeff John Roberts · 15 Dec 2020 · 226pp · 65,516 words
You've Been Played: How Corporations, Governments, and Schools Use Games to Control Us All
by Adrian Hon · 14 Sep 2022 · 371pp · 107,141 words
The Pyramid of Lies: Lex Greensill and the Billion-Dollar Scandal
by Duncan Mavin · 20 Jul 2022 · 345pp · 100,989 words
Sabotage: The Financial System's Nasty Business
by Anastasia Nesvetailova and Ronen Palan · 28 Jan 2020 · 218pp · 62,889 words
Number Go Up: Inside Crypto's Wild Rise and Staggering Fall
by Zeke Faux · 11 Sep 2023 · 385pp · 106,848 words
Abolish Silicon Valley: How to Liberate Technology From Capitalism
by Wendy Liu · 22 Mar 2020 · 223pp · 71,414 words
Simple Rules: How to Thrive in a Complex World
by Donald Sull and Kathleen M. Eisenhardt · 20 Apr 2015 · 294pp · 82,438 words
Money, Real Quick: The Story of M-PESA
by Tonny K. Omwansa, Nicholas P. Sullivan and The Guardian · 28 Feb 2012 · 140pp · 91,067 words