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A Permanent CrisisTrying to Satisfy Financial Markets Is but a Vain Task

A Permanent Crisis: Trying to Satisfy Financial Markets Is but a Vain Task [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. The concept of financial toxicity is introduced and the role of central banks is analysed.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

A Permanent CrisisTrying to Satisfy Financial Markets Is but a Vain Task

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Publisher
Springer International Publishing
Copyright
© The Editor(s) (if applicable) and The Author(s), under exclusive licence to Springer Nature Switzerland AG 2018
ISBN
978-3-030-00517-7
Pages
15 –35
DOI
10.1007/978-3-030-00518-4_2
Publisher site
See Chapter on Publisher Site

Abstract

[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. The concept of financial toxicity is introduced and the role of central banks is analysed.]

Published: Oct 2, 2018

Keywords: Financial markets; Working poor; Central banks; Austerity plans; Complexity

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