Call Boomerang Books 1300 36 33 32

Description - Sabotage: The Business of Finance by Anastasia Nesvetailova

Two star authors show why the financial sector is an 'industry of sabotage', with systemic malpractice at the heart of its business model.

'I don't like the word "sabotage",' - a former Goldman Sachs trader admitted. 'It's just harsh . . . Though, frankly, how else do you make money in this business . . . I mean, real money . . . '

Financial malpractice, we're told, is an aberration- the actions of a few bad apples deviating from the norms of a market-governed process and gaming the system. In Sabotage, political scientists Anastasia Nesvetailova and Ronen Palan blow this fiction apart, showing that sabotage is not an anomaly, but part of the business model of finance - and always has been. Abusive lending practices, misleading investors, manipulating prices, deliberately falsifying figures, cheating, obstruction and taking advantage of 'the dumbest person in the room' - they're actually the main source of profitability in finance, and the surest way to a bonus. If you want to make money in the industry, you need to find ways of sabotaging either your clients, your competitors or the government (or all three), and above all, the market itself. Talking to industry insiders, economists and high net worth customers, examining the history of finance and its workings today, the authors show us how the idea of sabotage not only makes sense of all past economic crises, but must also be at the heart of all future regulations.

Buy Sabotage: The Business of Finance by Anastasia Nesvetailova from Australia's Online Independent Bookstore, Boomerang Books.

Book Details

ISBN: 9780241308158
Format: Hardback
(240mm x 162mm x 25mm)
Pages: 240
Imprint: Allen Lane
Publisher: Penguin Books Ltd
Publish Date: 30-Jan-2020
Country of Publication: United Kingdom

Other Editions - Sabotage: The Business of Finance by Anastasia Nesvetailova

Book Reviews - Sabotage: The Business of Finance by Anastasia Nesvetailova

» Have you read this book? We'd like to know what you think about it - write a review about Sabotage: The Business of Finance book by Anastasia Nesvetailova and you'll earn 50c in Boomerang Bucks loyalty dollars (you must be a Boomerang Books Account Holder - it's free to sign up and there are great benefits!)

A Preview for this title is currently not available.