The Fall and Rise of American Finance: From JP Morgan to Blackrock

By: Stephen Maher and Scott Aquanno

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Synopsis: 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.

Book Quality:: Publisher Quality
ISBN-13:: 9781839765278
Related ISBNs:: 9781839765261
Publisher:: Verso Books
Date of Addition:: 02/13/24
Copyrighted By:: Stephen Maher and Scott Aquanno
Adult content:: No
Language:: English
Has Image Descriptions:: No
Categories:: History, Nonfiction, Business and Finance, Politics and Government
Submitted By:: Bookshare Staff
Usage Restrictions:: This is a copyrighted book.