Bad Money; Reckless Finance, Failed Politics and the Global Crisis of American Capitalism
by Kevin Phillips
- Used
- as new
- Hardcover
- first
- Condition
- As New/As New
- ISBN 10
- 0670019070
- ISBN 13
- 9780670019076
- Seller
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Mulvane, Kansas, United States
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About This Item
Contents appear as new, unopened & unblemished in like DJ, as shown.
The bestselling author reveals how the U.S. financial sector has hijacked our economy and put America's global future at risk
In American Theocracy, Kevin Phillips warned us of the perilous interaction of debt, financial recklessness, and the increasing cost of scarce oil. The current housing and mortgage debacle is proof once more of Phillips's prescience, and only the first harbinger of a national crisis. In Bad Money, Phillips describes the consequences of our misguided economic policies, our mounting debt, our collapsing housing market, our threatened oil, and the end of American domination of world markets. America's current challenges (and failures) run striking parallels to the decline of previous leading world economic powers, especially the Dutch and British. Global overreach, worn-out politics, excessive debt, and exhausted energy regimes are all chilling signals that the United States is crumbling as the world superpower.
Bad money refers to a new phenomenon in wayward megafinance the emergence of a U.S. economy that is globally dependent and dominated by hubris-driven financial services. Also, bad are the risk miscalculations and strategic abuses of new multitrillion-dollar products such as asset-backed securities and the lure of buccaneering vehicles like hedge funds. Finally, the U.S. dollar has been turned into bad money as it has weakened and become vulnerable to the world's other currencies. In all these ways, bad finance has failed the American people and pointed U.S. capitalism toward a global crisis. Bad Money is the perfect follow- up to Phillips's last book, whose dire warnings are now proving frighteningly accurate.
Shipping/Handling/Insurance/Tracking Included within the continental U.S. (Free Shipping). Extra Charges/Fees apply on Shipments Outside The U.S. and Expedited Shipments. Oversize and/or heavy books may require additional fees. Will advise Updated 4.07.22 #3303-411019AK
Synopsis
In his acclaimed book American Theocracy , Kevin Phillips warned of the perilous interaction of debt, financial recklessness, and the spiking cost (and growing scarcity) of oil- warnings that are proving to be frighteningly accurate. Now, in his most significant and timely book yet, Phillips takes the full measure of this crisis. They are a part of what he calls "bad money"- not just the depreciated dollar, but also the dangerous attitudes and the flawed products of wayward mega-finance. His devastating conclusion: In its hubris, the financial sector has hijacked the American economy and put our very global future at risk-and it may be too late to stop it.
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Details
- Bookseller
- Eve's Reads (US)
- Bookseller's Inventory #
- #3303-411019AK
- Title
- Bad Money; Reckless Finance, Failed Politics and the Global Crisis of American Capitalism
- Author
- Kevin Phillips
- Book Condition
- New As New
- Jacket Condition
- As New
- Quantity Available
- 1
- Edition
- 1st Ed, 1st Prtg
- Binding
- Hardcover
- ISBN 10
- 0670019070
- ISBN 13
- 9780670019076
- Publisher
- Viking/Published by the Penguin Group,
- Place of Publication
- New York, NY
- Date Published
- 2008
- Pages
- 259
- Keywords
- Banking Finance
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Shipping/Handling/Insurance/Tracking Included within the continental U.S. (Free Shipping). Extra Charges/Fees apply on ALL Shipments Outside The U.S. and Expedited Shipments. Oversize and/or heavy books require additional fees. Will advise and will send invoice via Paypal for extra charges.
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