Sabotage: The Hidden Nature of Finance

Unabridged Audiobook

Written By: Ronen Palan, Anastasia Nesvetailova

Narrated By: Jared Zak

Date: January 2020

Duration: 6 hours 18 minutes

Summary:

I don't like the word 'sabotage','--a former Goldman Sachs trader admitted. 'It's just harsh.... Though, frankly, how else do you make money in this business...I mean, real money.'

The fundamental motive for financial innovation is not to make the system work better, but to avoid regulation and oversight. This is not a bug of the financial system, but a built-in feature. The president of the US is not a tax avoider because he is an especially fraudulent financier; he's a tax avoider because he is a wealthy man in a system premised on such deceit. Finance is an industry of sabotage.

This book is a brilliant, intellectual detective story that traces the origins of financial sabotage, starting with the work of a prescient American economist who saw the capacity for banks and businesses to dissemble and profit as early as the 1920s. What was accomplished modestly in the first half of the 20th century became a booming global industry in the 1980s. Financialization took over everything, culminating in instruments so complex and confusing their own creators were being destroyed by them in 2008.

With each financial bust, people expect to hear who the culprit was, and cynically know to not expect much punishment to ever reach them. But the innovation of this book is to show that each individual gaming the system isn't a crook

the whole system is sabotage.

Genres:

Sabotage: The Hidden Nature of Finance

by Ronen Palan, Anastasia Nesvetailova

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Sabotage: The Hidden Nature of Finance, Ronen Palan, Anastasia Nesvetailova
Sabotage: The Hidden Nature of Finance, Ronen Palan, Anastasia Nesvetailova
This title is due for release on January 28, 2020.

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Sabotage: The Hidden Nature of Finance, Ronen Palan, Anastasia Nesvetailova
This title is due for release on January 28, 2020
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Sabotage: The Hidden Nature of Finance, Ronen Palan, Anastasia Nesvetailova
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