Bad Money Reckless Finance, Failed Politics, and the Global Crisis of American Capitalism

ISBN-10: 0143114808
ISBN-13: 9780143114802
Edition: 2009
Authors: Kevin Phillips
List price: $16.00 Buy it from $0.40
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Description: In his acclaimed book American Theocracy, Kevin Phillips warned of the perilous interaction of debt, financial recklessness, and the spiking cost (and growing scarcity) of oil— warnings that are proving to be frighteningly accurate. Now, in his most  More...

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Book details

List price: $16.00
Copyright year: 2009
Publisher: Penguin Publishing Group
Publication date: 3/31/2009
Binding: Paperback
Pages: 352
Size: 5.50" wide x 8.50" long x 0.75" tall
Weight: 0.594
Language: English

In his acclaimed book American Theocracy, Kevin Phillips warned of the perilous interaction of debt, financial recklessness, and the spiking cost (and growing scarcity) of oil— warnings that are proving to be frighteningly accurate. Now, in his most significant and timely book yet, Phillips takes the full measure of this crisis. They are a part of what he calls “bad money”— not just the depreciated dollar, but also the dangerous attitudes and the flawed products of wayward mega-finance. His devastating conclusion: In its hubris, the financial sector has hijacked the American economy and put our very global future at risk—and it may be too late to stop it.

Kevin Price Phillips (born November 30, 1940) has been a political commentator for more than thirty years. He was educated at the Bronx High School of Science, Colgate University, the University of Edinburgh and Harvard Law School. Phillips worked on Nixon's presidential campaign in 1968 and in the White House after the election. His books include: Post-Conservative America (1982), The Politics of Rich and Poor: Wealth and Electorate in the Reagan Aftermath (1990), Boiling Point: Democrats, Republicans, and the Decline of Middle Class Prosperity (1993), Wealth and Democracy: A Political History of the American Rich (2002), Bad Money: Reckless Finance, Failed Politics, and the Global Crisis of American Capitalism (2007), and 1775: A Good Year for Revolution (2012).

Preface to the Revised Edition: After the Fall: The Inexcusable Failure of American Fianance
Introduction: The Panic of August
Finance: The New Real Economy?
Bullnomics: Its Favoritism and Fictions
Securitization: The Insecurity of It All
Peak Oil: A Potential Pivot of the 2010s
The Politics of Evasion: Debt, Finance, and Oil
The Global Crisis of American Capitalism
Afterword: Speculative Capitalism Endangered: The Domestic and Global Consequenses
Appendix: Global Public Opinion and the Loss of Respect for the United States, 2003-7
Notes
Index

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