[ read online books ] The Finance Curse: How global finance is making us all poorerAuthor Nicholas Shaxson – Schematicwiringdiagram.co

SELECTED AS A BOOK OF THE YEAR BY THE FINANCIAL TIMES Hard hitting, well written and informative Martin Wolf, Financial TimesGlobal finance is a system that works for the few and against the manyWe 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 extractionTracing 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 AgendaNicholas 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

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