The Fall and Rise of American Finance

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Product Information

ISBN9781839765261
AuthorsScott Aquanno, Stephen Maher
PublisherVerso Books
FormatPaperback
Number of pages272
Weight (kg)0.306
Publishing Date13/02/2024
Price (excl. tax)€25.38
Tax€1.52
Price (incl. tax)€26.90
Availability3 units in external warehouse

Product Description

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.