Description
Bodley Head The Finance Curse How Global Finance is Making us All Poorer by Nicholas Shaxson
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.