Other People's Money by John Kay
The Real Business of Finance
An incisive critique of modern finance, arguing that the industry has become vast, complex, and detached from its basic role of linking savers to productive investment. Drawing on crises, mis-selling scandals, and the persistence of too-big-to-fail institutions, it shows how excessive trading, opacity, and misaligned incentives create instability and extract value from the real economy. It advocates practical reforms—simpler structures, credible resolution regimes, stronger fiduciary duties, ring-fencing essential banking, and curbs on speculative activity—to build a smaller, safer system that serves households and businesses rather than itself.
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- Published
- 2015
- Nationality
- British
- Length
- Moderate
- Pages
- 288-352 pages
- Original Language
- English
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- Alternate Titles
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