Normalized financial wrong doing : how re-regulating markets created risks and fostered inequality / Harland Prechel.

Format:

Book

Author/Creator:

Prechel, Harland, author.

Language:

English

Subjects (All):

Corporation law--United States.

Corporation law.

Corporations--Corrupt practices--United States.

Corporations.

Physical Description:

1 online resource.

Place of Publication:

Stanford, California : Stanford University Press, [2021]

Summary:

"This analysis of financialization ultimately exposes weaknesses in the rentier thesis (made popular by Piketty), which assumes the inevitability of inequality as an outcome of slower economic growth in advanced societies. After demonstrating that the roots of such inequality lay in social structural arrangements of our own making, Prechel considers pre-conditions to change"-- Provided by publisher.

Contents:

The contemporary corporation and private property

Historical transitions from liberalism to neoliberalism

Transforming banks from market enablers to market participants

Converging economic and political interests

Creating risk, engaging in financial malfeasance, and crisis

A "great crisis" in the FIRE sector

The extent and causes of financial malfeasance

Inequality in the twenty-first century

A unified upper class, the fractured middle and working classes, and the potential for emancipatory social change.

Notes:

Includes bibliographical references and index.

Description based on print version record.

ISBN:

9781503614468

1503614468

OCLC:

1225362039