How democracy faces big finance and why political economy finds itself in a dire situation - you will find concrete facts, figures, and historical analysis in this book. The unbridled financial sector had fabulous profits in "bull" years and shifted its...
losses onto taxpayers in "bear" times, receiving assistance from the authorities. Will the government continue to act in the interests of Wall Street, or will it genuinely engage in reforming and strictly regulating the banking system? Should banks remain "too big to fail" or is it time to make them "small enough" to allow them to fail? Simon Johnson is one of America's leading and most frequently cited economists, a professor of entrepreneurship at MIT Sloan School of Management, and previously served as chief economist at the International Monetary Fund. James Kwak is a management consultant.
How democracy faces big finance and why political economy finds itself in a dire situation - you will find concrete facts, figures, and historical analysis in this book. The unbridled financial sector had fabulous profits in "bull" years and shifted its losses onto taxpayers in "bear" times, receiving assistance from the authorities. Will the government continue to act in the interests of Wall Street, or will it genuinely engage in reforming and strictly regulating the banking system? Should banks remain "too big to fail" or is it time to make them "small enough" to allow them to fail? Simon Johnson is one of America's leading and most frequently cited economists, a professor of entrepreneurship at MIT Sloan School of Management, and previously served as chief economist at the International Monetary Fund. James Kwak is a management consultant.
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