Bad Money

Bad Money

Reckless Finance, Failed Politics, and the Global Crisis ofAmerican Capitalism

Format
Paperback
Price
$16.00
 
  • Paperback
  • ISBN 9780143114802
  • 352 Pages
  • Penguin Books
  • Adult

Overview

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.

Awards

Arthur Ross Book Award Shortlist – Winner

Praise

“A harrowing picture of national danger that no American reader will welcome, but that none should ignore. . . . Frighteningly persuasive.”
-Alan Brinkley, The New York Times

“An indispensable presentation of the case against things as they are.”
-Time

“Sobering . . . positively alarming.”
-Los Angeles Times

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