Bad Money: Reckless Finance, Failed Politics, and the Global Crisis ofAmerican Capitalism
In his acclaimed book American Theocracy, Kevin Phillips warned of the perilous interaction of debt, financial recklessness, and the spiking cost (and growing scarcity) of oil- warnings that are proving to be frighteningly accurate. Now, in his most significant and timely book yet, Phillips takes the full measure of this crisis. They are a part of what he calls "bad money"- not just the depreciated dollar, but also the dangerous attitudes and the flawed products of wayward mega-finance. His devastating conclusion: In its hubris, the financial sector has hijacked the American economy and put our very global future at risk-and it may be too late to stop it.
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Review: Bad Money: Reckless Finance, Failed Politics, and the Global Crisis of American CapitalismUser Review - Jeni - Goodreads
This is an interesting book. The central argument is that the US is in an era where "financialization" or the overriding emphasis on financial products is a large and increasing part if the US economy ... Read full review
Review: Bad Money: Reckless Finance, Failed Politics, and the Global Crisis of American CapitalismUser Review - Chris Elkjar - Goodreads
It's always interesting to read current event books a few years after they are published. This is no exception. Phillips' take on the causes of the financial crisis is dead on and he even briefly ... Read full review
FIVE MALIGNANT ECONOMIC GROWTHS
FEDERAL PERMISSIVENESS AS CONTRIBUTORY NEGLIGENCE
SHREWDNESS OR NEOHOOVERISM?
4 LIES DAMN LIES AND ECONOMIC AND FINANCIAL STATISTICS
A GLOBAL INFLATION TRAP?
6 THE NEW POLITICS OF DISGRACED FINANCE
DEBT AND THE EMERGENCE OF THE US FINANCIAL SECTOR
PRIVATE DEBT FINANCIAL INNOVATION AND ECONOMIC INSTABILITY
PETROPERILS AND POSSIBILITIES
MONEY POLITICS AND ENTRENCHED INTERESTS
A REPUBLICAN AND DEMOCRATIC TRAGEDY?
A STUDY IN TOO LITTLE TOO LATE
THE RISE OF FINANCE IN US POLITICS AND GOVERNANCE
REPUBLICANS DEMOCRATS AND HARD CHOICES BETWEEN ENERGY AND THE ENVIRONMENT
THE CENTURY OF THE SIXPACK
THE DEBT CULTURE TRANSFORMED
FINANCIAL MONETARY AND ASSETSPRESERVATION MERCANTILISM
THE WEALTHMAXIMIZING SECTOR
ITS DEITIES DISCIPLES AND DOCTRINES
THE CONSUMER PRICE INDEX AND STATISTICAL DEBASEMENT
RELIGION AND THE ANESTHESIA OF AMERICAN POPULISM
A NEW AND GROWING RISK BURDEN
PROFIT APPETITES AND RISK REFLUX
THE FINANCIAL WILD WESTHEDGE FUNDS PRIVATE EQUITY LEVERAGE FACTORIES MORTGAGE POOLS AND THE WEALTH MAN...
THE 200712 POLITICAL AND ECONOMIC BATTLEFIELD
THE ALLAMERICAN FUEL
PARTIAL PEAK OIL AND POLITICIZED MARKETS
A NEW ROUND OF OIL WARS?
THE AMERICAN FINANCIALIZATION GAMBIT
OIL AND RISING WATER
THE GLOBAL CRISIS OF AMERICAN CAPITALISM
THE ROAD AHEAD
WALL STREET AGONISTES
A NATIONAL SUNSET PHENOMENON?
RENEWAL COLLAPSE OR SOMETHING IN BETWEEN?
FALSE ALARMS VS PROBABLE REALITIES
ANGLO AMERICA DECLINING ASIA RISING
OIL FOOD AND A SECOND PRICE REVOLUTION
AN OVERVIEW OF 2007 SURVEYS
SOME FOREIGN NATIONAL AND REGIONAL IMPLICATIONS