You can listen to this audiobook in formats: FLAC, MP3, MOD, WAV, AU, WMA, Shorten, MPEG4 (compression ZIP, LZMA, TAR.Z, XZ, RAR)
Total pages original book: 368
Includes a PDF summary of 29 pages
Duration of the summary (audio): 22M (5.8 MB)
Description or summary of the audiobook: Global finance is a system that works for the few and against the many.We need finance - but when finance grows too big it becomes a curse. The City of London is the single biggest drain on our resources; it sucks talent out of every sphere, it siphons wealth and hoovers up government time. Yet to be `competitive', we're told we must turn a blind eye to money-laundering and appease big business with tax cuts. We are told global finance is about wealth creation; the reality is wealth extraction.Tracing the curse back through economic history, Shaxson uncovers how we got to this point. He exposes offshore tax havens; the uncontrolled growth of monopolies; the myths around the Celtic Tiger and its low corporate tax rate; the bizarre industry of wealth management; the destructive horrors of private equity; and the sinister `Competitiveness Agenda'.Nicholas Shaxson revealed the dark heart of tax havens long before the Panama and Paradise Papers. Now he tells the explosive story of how finance established a stranglehold on society and points us towards a way out. This is a book that none of us can afford to ignore.
Other categories, genre or collection: Political Activism, Financial Crises & Disasters, International Finance, Social Classes, Economics, Political Economy