Summary of Makers and Takers Book Reviews
Summary of Makers and Takers by Instaread Book Summary
Summary of Makers and Takers by Rana Foroohar | Includes Analysis
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Rana Foroohar’s Makers and Takers: The Rise of Finance and the Fall of American Business argues that finance has become an increasingly dominant force in controlling the organization of the US economy. This has weakened American business and created growing inequality.
The argument against the growing power of finance capital is not an argument against capitalism itself. Rather, finance must be reined in so that capitalism can proceed efficiently. Healthy competition is undermined when banks and financial conglomerates trade in commodities, thereby competing with businesses rather than supplying them with capital. Financial industries have access to information and capital that gives them unfair advantages in the market.
Financial firms make profits by manipulating money and debt, rather than by producing goods or providing services. The financialization of the economy has led to a pursuit of short-term profits to pump up stock prices at the expense of needed…
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Book Name | Summary of Makers and Takers |
Genre | Study Aids |
Author | Instaread |
Published | 27 July 2016, Wednesday |
Language | English |
E-Book Size | 671.14 KB |
Summary of Makers and Takers (Instaread) Book Reviews 2024
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summary-of-makers-and-takers-ebook.epub | EPUB |
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Summary of Summary of Makers and Takers by Instaread
The Summary of Makers and Takers book written by Instaread was published on 27 July 2016, Wednesday in the Study Aids category. A total of 138 readers of the book gave the book 0 points out of 5.
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