The Finance Curse by Nicholas Shaxson
How Global Finance Is Making Us All Poorer
An indictment of oversized financial sectors, arguing that once finance grows beyond a useful scale it extracts wealth rather than creates it—diverting talent, stifling productivity, inflating inequality, and warping democratic institutions. Using examples from the UK and offshore centers, it shows how secrecy jurisdictions and tax avoidance empower rent-seekers while communities absorb instability and austerity. It concludes that stronger regulation, transparency, decentralization, and investment in the real economy would make societies more prosperous, resilient, and fair.
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- Published
- 2018
- Nationality
- British
- Length
- Moderate
- Pages
- 370-390
- Original Language
- English
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- Alternate Titles
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