9781549152702
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Sabotage audiobook

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Sabotage Audiobook Summary

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.”

The fundamental motive for financial innovation is not to make the system work better, but to avoid regulation and oversight. This is not a bug of the financial system, but a built-in feature. The president of the US is not a tax avoider because he is an especially fraudulent financier; he’s a tax avoider because he is a wealthy man in a system premised on such deceit. Finance is an industry of sabotage.

This book is a brilliant, intellectual detective story that traces the origins of financial sabotage, starting with the work of a prescient American economist who saw the capacity for banks and businesses to dissemble and profit as early as the 1920s. What was accomplished modestly in the first half of the 20th century became a booming global industry in the 1980s. Financialization took over everything, culminating in instruments so complex and confusing their own creators were being destroyed by them in 2008.

With each financial bust, people expect to hear who the culprit was, and cynically know to not expect much punishment to ever reach them. But the innovation of this book is to show that each individual gaming the system isn’t a crook—the whole system is sabotage.

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Sabotage Audiobook Narrator

Jared Zak is the narrator of Sabotage audiobook that was written by Anastasia Nesvetailova

About the Author(s) of Sabotage

Anastasia Nesvetailova is the author of Sabotage

More From the Same

Sabotage Full Details

Narrator Jared Zak
Length 6 hours 17 minutes
Author Anastasia Nesvetailova
Category
Publisher Hachette Audio
Release date January 28, 2020
ISBN 9781549152702

Subjects

The publisher of the Sabotage is Hachette Audio. includes the following subjects: The BISAC Subject Code is Banks & Banking, Business & Economics

Additional info

The publisher of the Sabotage is Hachette Audio. The imprint is PublicAffairs. It is supplied by Hachette Audio. The ISBN-13 is 9781549152702.

Global Availability

This book is only available in the United States.

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