By Jeff Madrick
A vividly advised background of ways greed bred America’s monetary ills over the past 40 years, and of the boys such a lot chargeable for them.
As Jeff Madrick makes transparent in a story immediately sweeping, fast moving, and incisive, the single-minded pursuit of big own wealth has been at the upward thrust within the usa because the Nineteen Seventies, led through a couple of people who have argued that self-interest courses society extra successfully than neighborhood issues. those stewards of yank capitalism have insisted at the vital and crucial position of amassed wealth throughout the booms, busts, and recessions of the final part century, giving upward push to our present woes.
In telling the tales of those politicians, economists, and financiers who declared an ethical conflict for freedom yet as an alternative gave upward thrust to an age of greed, Madrick strains the lineage of a few of our nation’s so much urgent fiscal difficulties. He starts with Walter Wriston, head of what might turn into Citicorp, who led the conflict opposed to govt rules. He examines the information of economist Milton Friedman, who created the plan for an anti-Rooseveltian the USA; the politically expedient judgements of Richard Nixon that fueled inflation; the philosophy of Alan Greenspan, on whose libertarian ideology a home of playing cards used to be equipped on Wall road; and the activities of Sandy Weill, who developed the most important bank on this planet, which might have long gone bankrupt in 2008 with no federal bailout of $45 billion. major figures together with Ivan Boesky, Michael Milken, Jack Welch, and Ronald Reagan play key roles as well.
Intense monetary inequity and instability is the tale of our age, and Jeff Madrick tells it with kind, readability, and an unerring command of his topic.
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Additional info for Age of Greed: The Triumph of Finance and the Decline of America, 1970 to the Present
And Anselm Strauss (1985) Managing Chronic Illness at Home: Three Lines of Work. Qualitative Sociology, 8: 224–47. Corbin, Juliet M. and Anselm Strauss (1987) Accompaniments of Chronic Illness: Changes in Body, Self, Biography and Biographical Time. Research in the Sociology of Health Care: The Experience and Management of Chronic Illness, 6: 249–81. Greenwich, CT: JAI Press. Corbin, Juliet M. and Anselm Strauss (1988) Unending Work and Care: Managing Chronic Illness at Home. San Francisco, CA: Jossey-Bass.
The Development of a Postwar American Sociology. Chicago, IL: University of Chicago Press. Foote-Ardah, Carrie E. (2003) The Meaning of Complementary and Alternative Medicine Practices among People with HIV in the United States: Strategies for Managing Everyday Life. Sociology of Health & Illness, 25(5): 481–500. Studying Chronic Illness through Grounded Theory 33 Frank, Arthur W. (1991) At the Will of the Body. Boston, MA: Houghton Mifflin. Frank, Arthur W. (1995) The Wounded Story-teller. Chicago, IL: University of Chicago Press.
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