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    3. The Fall and Rise of American Finance: from J.P. Morgan to Blackrock

    The Fall and Rise of American Finance: from J.P. Morgan to Blackrock

    Posted By: First1
    Date: 13 Feb 2024 15:52:36
    The Fall and Rise of American Finance: from J.P. Morgan to Blackrock

    The Fall and Rise of American Finance: from J.P. Morgan to Blackrock by Scott Aquanno, Stephen Maher
    English | February 13th, 2024 | ISBN: 1839765267 | 272 pages | True EPUB | 1.29 MB

    How Wall Street concocted a more volatile and dangerous capitalism

    The Fall and Rise of American Finance traces the collapse and reconstitution of American financial power from the disintegration of robber baron J. P. Morgan’s vast empire to the rise of finance behemoth BlackRock. Contrary to what is taken for common sense by figures from Hillary Clinton to Bernie Sanders, Maher and Aquanno insist that financialization did not imply the hollowing out of the “real” economy or the retreat of the state. Rather, it served to intensify competitive discipline to maximize efficiency, profits, and the exploitation of labor—with the support of an increasingly authoritarian state.

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