Saving capitalism from the capitalists : unleashing the power of financial markets to create wealth and spread opportunity
A book that radically changes our understanding of the capitalist system, particularly the role of financial markets. It breaks free of traditional ideological arguments of the Right and Left and points to a new way of understanding and spreading the wealth-generating capabilities of capitalism.
Print Book, English, 2004
Crown Business, New York, 2004
xv, 369 p. ; 24 cm.
9780691121284, 9780609610701, 0691121281, 0609610708
Preface ix Introduction 1 PART I:THE BENEFITS OF FREE FINANCIAL MARKETS CHAPTER 1: Does Finance Benefit Only the Rich? 25 CHAPTER 2: Shylock Transformed 44 CHAPTER 3: The Financial Revolution and Individual Economic Freedom 68 CHAPTER 4: The Dark Side of Finance 93 CHAPTER 5: The Bottom Line on Financial Development 108 PART II: WHEN DO FINANCIAL MARKETS EMERGE? CHAPTER 6: The Taming of the Government 129 CHAPTER 7: The Impediments to Financial Development 157 CHAPTER 8: When Does Finance Develop? 172 PART III: THE GREAT REVERSAL CHAPTER 9: The Great Reversal between Wars 201 CHAPTER 10: Why Was the Market Suppressed? 226 CHAPTER 11: The Decline and Fall of Relationship Capitalism 247 PART IV: HOW CAN MARKETS BE MADE MORE VIABLE POLITICALLY? CHAPTER 12: The Challenges Ahead 275 CHAPTER 13: Saving Capitalism from the Capitalists 293 Conclusion 311 Notes 315 Bibliography 342 Index 359