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The Finance Curse: How Oversized Financial Sectors Attack Democracy and Corrupt Economics [Kindle Edition]

Nicholas Shaxson , John Christensen
4.0 out of 5 stars  See all reviews (4 customer reviews)

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Book Description

For many years economists have noted how countries rich in natural resources often fail to benefit from their unearned wealth. Indeed, sometimes the discovery of oil and gas can seem more like a curse than a blessing.

The Finance Curse shows how countries with oversized financial sectors can suffer a similar fate. The easy money that comes from finance carries hidden costs, in form of steepening inequality, political and intellectual corruption, industrial stagnation and periodic crisis and collapse.

Nicholas Shaxson, the author of Treasure Islands, and John Christensen, the director of the Tax Justice Network, explore this new paradox of plenty, and show once and for all that there's no such thing as a free lunch, and that those who believe the stories told by bankers are liable to end up on the menu.

"This is a wonderful piece of work which, inter alia, critiques in great detail the various claims made about the significance of the financial services sector to the British economy and examines the negative effects for the rest of us of having what is essentially an unregulated global casino in our midst."
Robin Ramsay

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Product details

  • Format: Kindle Edition
  • File Size: 2044 KB
  • Print Length: 194 pages
  • Simultaneous Device Usage: Unlimited
  • Publisher: Commonwealth Publishing (19 Jan. 2014)
  • Sold by: Amazon Media EU S.à r.l.
  • Language: English
  • ASIN: B00CXTZ08S
  • Text-to-Speech: Enabled
  • X-Ray:
  • Word Wise: Enabled
  • Enhanced Typesetting: Not Enabled
  • Average Customer Review: 4.0 out of 5 stars  See all reviews (4 customer reviews)
  • Amazon Bestsellers Rank: #32,393 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
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Customer Reviews

4.0 out of 5 stars
4.0 out of 5 stars
Most Helpful Customer Reviews
4 of 4 people found the following review helpful
5.0 out of 5 stars The Truth Is Out There! 13 Nov. 2013
By eltomo
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A Sharp incisive appraisal of what ails us economically at home but also how it applies globally.
I hope Nicholas Shaxson continues to shine in the dark and murky corners of domestic and global banking and finance.
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1 of 1 people found the following review helpful
4.0 out of 5 stars A page-turner on finance? 2 Mar. 2014
By Robert
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Yes, kept me going to the end. An important book to read if you want to know what's gone wrong with the uk economy.
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2.0 out of 5 stars Lots of potential but very poorly presented 30 Mar. 2014
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I feel like the authors of this book did a fair share of research but somehow the book barely has any coherent structure and it randomly feels the need to fluctuate between topics. Very poor demonstrations of the finance curse, mostly because he jumps around too much in his examples. The book would have benefited from a more coherent structure.
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5.0 out of 5 stars sobering true and well written 21 Mar. 2014
By david E
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The disastrous effects of the finance industry are spelled out simply, clearly and by good researchers. This story needs to be understood. Superb.
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