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.

The Fall and Rise of American Finance: from J.P. Morgan to Blackrock

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Paperback / softback by Scott Aquanno , Stephen Maher

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The Fall and Rise of American Finance traces the collapse and reconstitution of American financial power from the disintegration of... Read more

    Publisher: Verso Books
    Publication Date: 13/02/2024
    ISBN13: 9781839765261, 978-1839765261
    ISBN10: 1839765267

    Number of Pages: 272

    Non Fiction , Business, Finance & Law

    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.

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