Makers and takers: the rise of finance and the fall of American business

Description

Eight full years later, the key lessons from the biggest financial downturn since the Great Depression still remain unlearned. But not only do the misguided financial practices that nearly toppled the global economy still run rampant on Wall St, today they have come to infiltrate ALL of American business, not only putting us on course for another financial meltdown, but just as importantly, a less prosperous economic future. Drawing on in-depth reporting and exclusive interviews at the highest rungs of Wall Street and Washington, Time Economic Columnist Rana Foroohar shows how the "financialization of America" - the trend by which finance and its way of thinking have come to reign supreme in America - is perpetuating Wall Street's reign over Main Street; slowing growth, flattening wages, widening the gap between rich and poor, and threatening the future of the American Dream. Consider that finance takes nearly a third of all corporate profits in this country,...