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Book details
Author : Rana Foroohar
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Pages : 400 pages
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Publisher : Crown Business 2016-05-17
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Language : English
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ISBN-10 : 0553447238
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ISBN-13 : 9780553447231
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Book Synopsis
IS WALL STREET BAD FOR MAIN STREET AMERICA? In looking at the forces that brought our current administration to power one thing
is clear: much of the population believes that our economic system is rigged to enrich the privileged elites at the expense of hard-working
Americans. This is a belief held equally on both sides of political spectrum, and it seems only to be gaining momentum. A key reason, says
Financial Times columnist Rana Foroohar, is the fact that Wall Street is no longer supporting Main Street businesses that create the jobs for the
middle and working class. She draws on in-depth reporting and interviews at the highest rungs of business and government to show how the
“financialization of America??—the phenomenon by which finance and its way of thinking have come to dominate every corner of business—is
threatening the American Dream. Now updated with new material explaining how our corrupted financial sys-tem propelled Donald Trump to
power, Makers and Takers explores the confluence of forces that has led American businesses to favor balance-sheet engineering over the actual
kind, greed over growth, and short-term profits over putting people to work. From the cozy relationship between Wall Street and Washington, to
a tax code designed to benefit wealthy individuals and corporations, to forty years of bad policy decisions, she shows why so many Americans
have lost trust in the sys-tem, and why it matters urgently to us all. Through colorful stories of both “Takers,?? those stifling job creation while
lining their own pockets, and “Makers,?? businesses serving the real economy, Foroohar shows how we can reverse these trends for a better path
forward.
