Tuesday, October 15, 2019

Five of the best books on how banking rules the world

Grace Blakeley is a Research Fellow at IPPR’s Centre for Economic Justice. She specializes in macroeconomic policy, with a particular focus on finance.

Blakeley's new book is Stolen: How to Save the World from Financialisation.

At the Guardian she tagged the five best books on the power of banks, including:
This [guilt-free] acquisitive culture [of bankers] extends far beyond the Square Mile. John Lanchester’s novel Capital follows inhabitants of Pepys Road – a fictional residential street in London – in the run up to the financial crisis. Many of the characters become caught up in the “delusion of thrift”, believing that they have amassed unimaginable wealth through their own hard work and smart investments, when in fact they are simply living through the tail end of a financial boom. Like so many others, residents of Pepys Road released the equity from their houses for home improvements without anticipating what would come next.
Read about another book on the list.

--Marshal Zeringue