An edition of Stolen (2019)

Stolen

How to Save the World from Financialisation

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Last edited by Daask
April 12, 2023 | History
An edition of Stolen (2019)

Stolen

How to Save the World from Financialisation

  • 0 Ratings
  • 1 Want to read
  • 0 Currently reading
  • 1 Have read

For decades, it has been easier to imagine the end of the world than the end of capitalism.

In the decade leading up to the 2008 financial crisis, booming banks, rising house prices and cheap consumer goods propped up living standards in the rich world. Thirty years of rocketing debt and financial wizardry had masked the deep underlying fragility of finance-led growth, and in 2008 we were forced to pay up.

The decade since has witnessed all kinds of morbid symptoms, as all around the rich world, wages and productivity are stagnant, inequality is rising, and ecological systems are collapsing.

Stolen is a history of finance-led growth and a guide as to how we might escape it. We’ve sat back as financial capitalism has stolen our economies, our environment and even the future itself. Now, we have an opportunity to change course. What happens next is up to us.

(description via publisher website)

Publish Date
Publisher
Repeater Books
Pages
316

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Cover of: Stolen
Stolen: How to Save the World from Financialisation
2019, Repeater Books
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Book Details


Table of Contents

Introduction. 9
The Interregnum. 15
What is the Alternative?. 20
Building the Future. 24
Chapter One - The Golden Age of Capitalism. 29
How Does Change Happen?. 36
The Rise of Global Finance. 40
The Political Consequences of Social Democracy. 45
Never Let a Serious Crisis Go to Waste. 52
Chapter Two - Vulture Capitalism: The Financialisation of the Corporation. 60
The Big Bang. 64
Corporate Raiders, Hostile Takeovers and Activist Investors. 71
From Downsize and Distribute to Merge and Monopolise. 83
Chapter Three - Let Them Eat Houses: The Financialisation of the Household. 88
The Enemy Within. 92
Privatised Keynesianism. 100
Blowing Bubbles. 104
Financialisation and Politics. 112
Chapter Four - Thatcher's Greatest Achievement: The Financialisation of the State. 120
Thatcher's Greatest Achievement. 123
PFI: Profits for Investors. 127
The Bond Vigilantes. 136
Illiberal Technocracy. 140
Chapter Five - The Crash. 146
Bubble Economics. 148
Financial Globalisation. 155
Securitisation, Shadow Banking and Inter-Bank Lending. 158
Bailout Britain. 168
Transatlantic Banking Crisis or Structural Crisis of Financial Capitalism?. 177
Chapter Six - The Post-Crisis World. 180
The Long Recovery. 183
Secular Stagnation or Crisis of Capitalism. 187
Austerity Economics. 194
Property-Owning Oligarchy. 201
The Coming Crisis. 204
Chapter Seven - The Way Forward. 215
Capital. 219
Democratic Socialism. 223
Socialising Finance. 230
Finance for the People. 256
Conclusion. 258
Beyond Capitalism. 265
Notes. 270
Acknowledgements. 313

Edition Notes

Copyright Date
2019

The Physical Object

Format
Paperback
Number of pages
316

ID Numbers

Open Library
OL28655343M
ISBN 13
9781912248377

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Better World Books record

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April 12, 2023 Edited by Daask Change author
September 7, 2020 Edited by notwhattheyseem added author
August 13, 2020 Edited by ImportBot import existing book
August 9, 2020 Edited by notwhattheyseem added publisher link
August 9, 2020 Created by notwhattheyseem Added new book.