000760451 000__ 05110cam\a2200385\i\4500 000760451 001__ 760451 000760451 005__ 20210515120716.0 000760451 008__ 160401s2016\\\\nyu\\\\\\b\\\\001\0\eng\\ 000760451 010__ $$a 2015040751 000760451 019__ $$a949360485$$a951503782 000760451 020__ $$a9780553447231$$q(hardcover) 000760451 020__ $$a0553447238$$q(hardcover) 000760451 035__ $$a(OCoLC)ocn919236581 000760451 035__ $$a760451 000760451 040__ $$aDLC$$beng$$erda$$cDLC$$dYDXCP$$dBTCTA$$dBDX$$dOCLCF$$dFM0$$dON8$$dCHVBK$$dIXA$$dRB0$$dCDX$$dVP@$$dSTF$$dPUL$$dCOO 000760451 042__ $$apcc 000760451 043__ $$an-us--- 000760451 049__ $$aISEA 000760451 05000 $$aHB3722$$b.F655 2016 000760451 08200 $$a332.0973$$223 000760451 1001_ $$aForoohar, Rana,$$eauthor. 000760451 24510 $$aMakers and takers :$$bthe rise of finance and the fall of American business /$$cRana Foroohar. 000760451 250__ $$aFirst edition. 000760451 264_1 $$aNew York :$$bCrown Business,$$c[2016] 000760451 300__ $$axi, 388 pages ;$$c25 cm 000760451 336__ $$atext$$btxt$$2rdacontent 000760451 337__ $$aunmediated$$bn$$2rdamedia 000760451 338__ $$avolume$$bnc$$2rdacarrier 000760451 504__ $$aIncludes bibliographical references (pages 331-375) and index. 000760451 5050_ $$aThe rise of finance -- The fall of business: bean counters versus car guys--Frederick Winslow Taylor, Robert McNamara, and the financialization of industry -- What an MBA won't teach you: how business education is failing American businesses -- Barbarians at the gate: Apple, Carl Icahn, and the rise of shareholder activism -- We're all bankers now: GE and the story of how American business came to emulate finance -- Financial weapons of mass destruction: commodities, derivatives, and how Wall Street created a food crisis -- When Wall Street owns Main Street: private equity, shadow banking, and how finance reaped the benefits of the housing recovery -- The end of retirement: how Wall Street ate our nest eggs -- The artful dodgers: how our tax code rewards the takers instead f the makers -- The revolving door: how Washington favors Wall Street over Main Street -- How to put finance back in service to business and society. 000760451 520__ $$a"Eight years on from the biggest market meltdown since the Great Depression, the key lessons of the crisis of 2008 still remain unlearned--and our financial system is just as vulnerable as ever. Many of us know that our government failed to fix the banking system after the subprime mortgage crisis. But what few of us realize is how the misguided financial practices and philosophies that nearly toppled the global financial system have come to infiltrate ALL American businesses, putting us on a collision course for another cataclysmic meltdown. Drawing on in-depth reporting and exclusive interviews at the highest rungs of Wall Street and Washington, Time assistant managing editor and economic columnist Rana Foroohar shows how the "financialization of America" - the trend by which finance and its way of thinking have come to reign supreme - is perpetuating Wall Street's reign over Main Street, widening the gap between rich and poor, and threatening the future of the American Dream. Policy makers get caught up in the details of regulating "Too Big To Fail" banks, but the problems in our market system go much broader and deeper than that. Consider that: · Thanks to 40 years of policy changes and bad decisions, only about 15 % of all the money in our market system actually ends up in the real economy - the rest stays within the closed loop of finance itself. · The financial sector takes a quarter of all corporate profits in this country while creating only 4 % of American jobs. · The tax code continues to favor debt over equity, making it easier for companies to hoard cash overseas rather than reinvest it on our shores. · Our biggest and most profitable corporations are investing more money in stock buybacks than in research and innovation. · And, still, the majority of the financial regulations promised after the 2008 meltdown have yet come to pass, thanks to cozy relationship between our lawmakers and the country's wealthiest financiers. Exploring these forces, which have have led American businesses to favor balancing-sheet engineering over the actual kind and the pursuit of short-term corporate profits over job creation, Foroohar shows how financialization has so gravely harmed our society, and why reversing this trend is of grave importance to us all. Through colorful stories of both "Takers" and "Makers," she'll reveal how we change the system for a better and more sustainable shared economic future"--$$cProvided by publisher. 000760451 520__ $$a"Award-winning business journalist Rana Foroohar shows how the shortsighted and misguided financial practices that nearly toppled the global economy in 2008 have come to infiltrate all corners of American business--putting us on a dangerous collision course to another economic meltdown that will make 2008 look like a mere blip in the business cycle"--$$cProvided by publisher. 000760451 650_0 $$aFinancial crises$$zUnited States$$xHistory$$y21st century. 000760451 650_0 $$aFinance$$xGovernment policy$$zUnited States$$xHistory$$y21st century. 000760451 650_0 $$aBusiness enterprises$$zUnited States$$xHistory$$y21st century. 000760451 85200 $$bgen$$hHB3722$$i.F655$$i2016 000760451 909CO $$ooai:library.usi.edu:760451$$pGLOBAL_SET 000760451 980__ $$aBIB 000760451 980__ $$aBOOK