Bad Money: Reckless Finance, Failed Politics, and the Global Crisis ofAmerican Capitalism

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Penguin, Mar 31, 2009 - Political Science - 352 pages
36 Reviews
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 Capitalism

User 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 Capitalism

User 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

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Contents

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xi
II
1
III
29
IV
69
V
96
VI
120
VIII
154
IX
179
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About the author (2009)

Kevin Phillips has been a political and economic commentator for more than three decades. A former White House strategist, he is a regular contributor to the Los Angeles Times and NPR and writes for Harper’s and Time. His books include New York Times bestsellers The Politics of Rich and Poor and Wealth and Democracy.

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