Makers and Takers
Makers and Takers
Rana Foroohar
Tim O’Reilly
All about the financialization of the economy. - Tim O’Reilly
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Makers and Takers

Makers and Takers: The Rise of Finance and the Fall of American Business

Rana Foroohar
By
Rana Foroohar
4.0
1576
ratings on Goodreads

In "Makers and Takers," Rana Foroohar embarks on a thought-provoking exploration into the intricate web of finance, policy, and society that underpins the American economy. With the precision of a seasoned Financial Times columnist, Foroohar unveils how Wall Street's voracious appetite for short-term gains has systematically undermined Main Street, stifling job creation and innovation while widening the chasm between the wealthy elite and the working class. Through compelling interviews and meticulous research, she lays bare the transformation of America's economy into one dominated by financialization—a shift that prioritizes speculative activity over productive investment, greed over growth, and personal enrichment over collective prosperity. As Foroohar navigates the murky waters of corporate greed and policy failures, she brings to light the stark reality of a dream deferred for millions of Americans. "Makers and Takers" not only critiques the cozy relationship between financial powerhouses and Washington but also offers a clarion call for a return to an economy that truly serves the people. Updated to reflect on how this corroded financial system helped catalyze the rise of populist leaders, the book serves as both a warning and a guide for how to reclaim the American Dream. It's a compelling narrative that challenges us to rethink the essence of capitalism and its role in society, urging a shift from a system that rewards the takers to one that celebrates the makers—the true engines of economic growth and social progress.

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Released
2016
17 May
Length
400
Pages

1

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All about the financialization of the economy. - Tim O’Reilly
Today financial capitalism is fraught with special interests, corporate monopolies, and an opacity that would have boggled Smith’s mind. Let me be clear: despite my criticism of our existing model of financial capitalism, this book isn’t anticapitalist. I am not in favor of a planned economy or a turn away from a market system. I simply don’t think that the system we have now is a properly functioning market system.
— Rana Foroohar, Makers and Takers

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