A Permanent Crisis: The Financial Oligarchy’s Seizing of Power and the Failure of Democracy

Description

This short book describes the role big banks played in the financial crisis of 2008 while denouncing the financial oligarchy’s seizing of power and the dangers it represents for democracy today. There have been many books since the financial crisis that have considered historical events leading up to the crisis but few that consider a solution. Ten years after the great financial crash, this book synthesises the historical developments and introduces a proposal aimed at rebalancing the economy and society at large. The author presents a novel solution that would change current tax systems in the developed world, in their entirety. This book will be of interest to students, practitioners and researchers, as well as the wider informed audience. Front Matter ....Pages i-xv Yesterday and Today (Marc Chesney)....Pages 1-14 Trying to Satisfy Financial Markets Is but a Vain Task (Marc Chesney)....Pages 15-35 Liberalism: The Financial Sphere Does Not Practice What It Preaches (Marc Chesney)....Pages 37-51 Characteristics of Casino Finance (Marc Chesney)....Pages 53-77 The Birth of Homo-Financiarius and the Subservience of the Elite (Marc Chesney)....Pages 79-90 Some Remedies and Solutions (Marc Chesney)....Pages 91-108 Back Matter ....Pages 109-111