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Finance Curse, The: How global finance is making us all poorer

$20.00

Finance Curse, The: How global finance is making us all poorer

SKU: 9781784705046 Category: Product ID: 13724

Description

Temporarily out of stock

Title: Finance Curse, The: How global finance is making us all poorer
Author: SHAXSON NICHOLAS
Format: PAPERBACK
Publication date: 10/10/2019
Imprint: VINTAGE
Price: $20.00
Publishing status: Active

An agenda-setting, campaigning book that shows how global finance is a system that works for the few and not the many.

**A Financial Times Book of the Year**
‘Hard-hitting, well written and informative’ Martin Wolf, Financial Times

We need finance – but when finance grows too big it becomes a curse. The City of London is the single biggest drain on our resources; it sucks talent out of every sphere, it siphons wealth and hoovers up government time. Yet to be ‘competitive’, we’re told we must turn a blind eye to money-laundering and appease big business with tax cuts. We are told global finance is about wealth creation; the reality is wealth extraction.

Tracing the curse back through economic history, Shaxson uncovers how we got to this point. He exposes offshore tax havens; the uncontrolled growth of monopolies; the myths around the Celtic Tiger and its low corporate tax rate; the bizarre industry of wealth management; the destructive horrors of private equity; and the sinister ‘Competitiveness Agenda’.

Nicholas Shaxson revealed the dark heart of tax havens long before the Panama and Paradise Papers. Now he tells the explosive story of how finance established a stranglehold on society and points us towards a way out.

This is a book that none of us can afford to ignore.

ISBN: 9781784705046
Pages: 386
Edition: 01