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The Finance Curse: How global finance is making us all poorer

Author Nicholas Shaxson
Rating
Price1871

We need finance â€“ but when finance grows too big it becomes a curse. The City of London is the single biggest drain on our resources; it sucks talent out of every sphere, it siphons wealth and hoovers up government time. Yet to be â€˜competitiveâ€™, weâ€™re told we must turn a blind eye to money-laundering and appease big business with tax cuts. We are told global finance is about wealth creation; the reality is wealth extraction.Tracing the curse back through economic history, Shaxson uncovers how we got to this point. He exposes offshore tax havens; the uncontrolled growth of monopolies; the myths around the Celtic Tiger and its low corporate tax rate; the bizarre industry of wealth management; the destructive horrors of private equity; and the sinister â€˜Competitiveness Agendaâ€™.Nicholas Shaxson revealed the dark heart of tax havens long before the Panama and Paradise Papers. Now he tells the explosive story of how finance established a stranglehold on society and points us towards a way out. This is a book that none of us can afford to ignore.

Publisher Random House UK
Publication Date 11/10/2018
Number of Pages 368
Binding Paper Back
ISBN 9781847924216
Category Non Fiction , Business and Management

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