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

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

Nicholas Shaxson
Hardback
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Book description
Global finance is a system that works for the few and against the many.

We need finance - 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 `competitive', we'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 `Competitiveness Agenda'.

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.

Product details
More Information
ISBN 9781847925381
Publisher Vintage Publishing
Format Hardback
Pages 368
Publication date 11 October 2018

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