Vulture Capitalism by Grace Blakeley
It argues that the takeover of politics and industry by financialized interests has hollowed out public services, driven inequality and instability, and undermined democratic accountability; through mechanisms like leveraged buyouts, asset-stripping, short-term shareholder primacy and regulatory capture, capital extracts value rather than investing in productive industry. The narrative traces how austerity and privatization were used to consolidate power, and offers alternatives — reining in speculative finance, rebuilding public ownership and industrial strategy, progressive taxation and democratic control of investment — to redirect capital toward long-term public and economic needs.
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- British
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- Original Language
- English
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