1 - 6 of 6 Chapters
[In this chapter, the author draws parallels between the First World War and today. He highlights the characteristics of the current financial war as well as the influence of the financial oligarchy’s lobbies and explains how their power translates into an intensive, generalised control of the...
[This chapter focuses on the reason why satisfying financial markets is dangerous and illusory and explains why financial complexity generates profit and power for a very few and precariousness for the vast majority. The transformation process of the unemployed into working poor is emphasized....
[This chapter analyses how the financial sector contradicts liberal doctrine principles through anti-democratic dynamics and illustrates that this sector does not practice what it preaches. Prof. Chesney denounces the financial oligarchy’s powerful lobbying practices and outrageous compensation...
[This chapter highlights the contradictions between the financial sector’s objectives and the entrepreneurial spirit. Salient features of casino finance are identified: big banks and hedge funds often bet with money that does not belong to them, but rather to taxpayers, pensioners, clients and...
[In Chapter 5, the current crisis of values associated with the financialized economy, i.e. a rogue religion, is analysed. The mutation of homo-economics into homo-financiarius, the subservience of the elite and the moral bankruptcy linked to it are depicted and highlighted.]
[Chapter 6 sums up the financial problems and imbalances described in the book and offers solutions to casino finance. The main focus is on reviving democracy and prioritizing the needs of society over those of the financial sector. Instead of dominating the economy as is the case today, finance...
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