We’re in the midst of a bull market when it comes to books on inequality, the ills of Wall Street, tax justice and how to fix the whole damn mess. Though well-intentioned, many of these books have flaws.
The Finance Curse gets it just right. Journalist Nick Shaxson has written for The Guardian and works with the Tax Justice Network. Here he provides a sharp history of finance and the many storied criminals of the past, among them robber barons like Rockefeller and his ilk. Then Shaxson smoothly and lucidly dives into a chapter-by-chapter breakdown of global finance and how it’s swallowing up the world economy.
At the heart of his story? Not Wall Street, but London. The British Empire led to its second empire of inherently criminal tax havens. And that led to the Bill Clinton/Tony Blair Third Way of neo-liberalism to Ireland’s paper Celtic Tiger right up to the rapacious hedge funds and private equity firms of today....
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