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Makers and Takers: The Rise of Finance and the Fall of American Business

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Is Wall Street bad for Main Street The united states?

In looking at the forces that brought our current administration to power one thing is clear: much of the population believes that our economic system is rigged to enrich the privileged elites at the expense of hard-working Americans. It is a belief held equally on both sides of political spectrum, and it kind of feels only to be gaining momentum.
 
A key reason, says Financial Times columnist Rana Foroohar, is the truth that Wall Street is no longer supporting Main Street businesses that create the jobs for the middle and working class. She draws on in-depth reporting and interviews at the highest rungs of business and government to show how the “financialization of The united states”—the phenomenon by which finance and its state of mind have come to dominate every corner of business—is threatening the American Dream.
 
Now up to date with new material explaining how our corrupted financial sys­tem propelled Donald Trump to power, Makers and Takers explores the confluence of forces that has led American businesses to favor balance-sheet engineering over the actual kind, greed over growth, and short-term profits over putting people to work. From the cozy relationship between Wall Street and Washington, to a tax code designed to benefit wealthy individuals and corporations, to forty years of bad policy decisions, she shows why such a lot of Americans have lost agree with in the sys­tem, and why it matters urgently to us all.
 
Through colorful stories of both “Takers,” those stifling job creation even as lining their own pockets, and “Makers,” businesses serving the real economy, Foroohar shows how we will reverse these trends for a better path forward.

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