Bad Money: Reckless Finance, Failed Politics, and the Global Crisis of American Capitalism

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Bad Money: Reckless Finance, Failed Politics, and the Global Crisis of American Capitalism image
ISBN-10:

0670019070

ISBN-13:

9780670019076

Author(s): Phillips, Kevin
Released: Apr 15, 2008
Publisher: VIKING
Format: Hardcover, 256 pages

Description:

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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