The Enchanter's Wand
The volatile partnership at the heart of the financial system
Seiten
2027
|
Paperback original
Verso Books (Verlag)
978-1-80429-653-0 (ISBN)
Verso Books (Verlag)
978-1-80429-653-0 (ISBN)
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A deep dive into the public-private partnership at the heart of the global capitalism, and how states use debt to enrich finance while impoverishing the rest of us.
At the heart of the public-private partnership within global capitalism, how states use debt to enrich finance while impoverishing the rest of us.
This is how the financial system actually works: public debt becomes the engine of private wealth, and the more countries borrow, the richer Wall Street gets. Marx called it the enchanter's wand. In this book, economist Ramaa Vasudevan, reveals this hidden architecture: how finance, empire, and geopolitics interlock. How public debt mediates and enforces financial power both domestically and internationally. How debt creates order for some and chaos for others-and how this system is designed to do exactly that.
At the heart of the public-private partnership within global capitalism, how states use debt to enrich finance while impoverishing the rest of us.
This is how the financial system actually works: public debt becomes the engine of private wealth, and the more countries borrow, the richer Wall Street gets. Marx called it the enchanter's wand. In this book, economist Ramaa Vasudevan, reveals this hidden architecture: how finance, empire, and geopolitics interlock. How public debt mediates and enforces financial power both domestically and internationally. How debt creates order for some and chaos for others-and how this system is designed to do exactly that.
Ramaa Vasudevan is Professor of Economics at Colorado State University. Her research focuses on the political economy of money and finance. She is the author of Things Fall Apart: From the crash of 2008 to the great slump, a book on the financial crisis of 2008. She has been a contributor to Monthly Review, Jacobin, and Catalyst. She has published over 30 peer-reviewed journal articles and book chapters and is on the editorial board of Catalyst, Review of Social Economics, and the Review of Political Economy.
| Erscheint lt. Verlag | 12.1.2027 |
|---|---|
| Verlagsort | London |
| Sprache | englisch |
| Maße | 140 x 210 mm |
| Gewicht | 300 g |
| Themenwelt | Sozialwissenschaften ► Politik / Verwaltung ► Europäische / Internationale Politik |
| Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung | |
| Wirtschaft ► Volkswirtschaftslehre | |
| ISBN-10 | 1-80429-653-8 / 1804296538 |
| ISBN-13 | 978-1-80429-653-0 / 9781804296530 |
| Zustand | Neuware |
| Informationen gemäß Produktsicherheitsverordnung (GPSR) | |
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