Name: The Finance Curse: How Global Finance is Making us all Poorer
SKU: 52895894
Price: 361.00 ZAR
Availability: InStock
Author: Nicholas Shaxson
ISBN: 9780802149008

portada The Finance Curse: How Global Finance is Making us all Poorer

The Finance Curse: How Global Finance is Making us all Poorer

Type

Physical Book

Author

Nicholas Shaxson

Publisher

Grove Press

Year

2020

Language

English

Format

Paperback

Dimensions

20.8x14x3.6 cm

Weight

0.34 kg.

ISBN13

9780802149008

Synopsis "The Finance Curse: How Global Finance is Making us all Poorer "

Financial journalist Nicholas Shaxson first made his reputation studying the "resource curse," seeing first-hand the disastrous economic and societal effects of the discovery of oil in Angola. He then gained prominence as an expert on tax havens, revealing the dark corners of that world long before the scandals of the Panama and Paradise Papers. Now, in The Finance Curse, revised with chapters exclusive to this American edition, he takes us on a terrifying journey through the world economy, exposing tax havens, monopolists, megabanks, private equity firms, Eurobond traders, lobbyists, and a menagerie of scoundrels quietly financializing our entire society, hurting both business and individuals. Shaxson shows we got here, telling the story of how finance re-engineered the global economic order in the last half-century, with the aim not of creating wealth but extracting it from the underlying economy. Under the twin gospels of "national competitiveness" and "shareholder value," megabanks and financialized corporations have provoked a race to the bottom between states to provide the most subsidized environment for big business, have encouraged a brain drain into finance, and have fostered instability, inequality, and turned a blind eye to the spoils of organized crime. From Ireland to Iowa, Shaxson shows the insidious effects of financialization on our politics and on communities who were promised paradise but got poverty wages instead. We need a strong financial system--but when it grows too big it becomes a monster. The Finance Curse is the explosive story of how finance got a stranglehold on society, and reveals how we might release ourselves from its grasp.

Nicholas Shaxson

(Author)

View Author's Page

Nicholas Shaxson is a British journalist and researcher, known for his work on international finance issues, tax evasion, and tax havens. He is the author of the influential book *Treasure Islands: Uncovering the Damage of Offshore Banking*, published in 2011, where he exposes how financial institutions and governments use tax havens to hide money, evade taxes, and facilitate money laundering.

Through his research, Shaxson has revealed the complex global networks of illicit money flows and the lack of transparency that affects both developed and developing economies. His work has been widely cited in the media and has influenced the debate on global tax reform.

In addition to his work as a writer, Shaxson has collaborated with organizations such as the Tax Justice Network and has participated in campaigns to promote greater financial transparency. His focus on the negative effects of offshore finance has made him a key figure in the fight against tax evasion and asset concealment in the global financial system.

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