Download The Finance Curse Book ↠ 194 pages ´ Gymapparel

Kindle ✓ The Finance Curse Ù Nicholas Shaxson

Of Treasure Islands and John Christensen the director of the Tax Justice Network explore this new paradox of plenty and show once and for all that there's no such thing as a free lunch and that those who believe the stories told by bankers are liable to end up on the me I have never read a book that made me feel so angry Page after page of outrage grinding my teeth ranting at my poor family and wondering why did I not know about any of thisWhat's it aboutYou may look at this book and think it is about economics tax havens private euity firms millionaires billionaires monopolies and multinational corporations Which it isThis may immediately scream 'boring snoozefest' to you however it is about much about how all those things negatively impact your lifeThis book is about how you are being cheated about how your money and taxes are effectively being stolen and as a result how you your family your community and country are all being left poorerThis book is about the 'finance curse' which the author refers to as “the idea that once a financial sector grows above an optimal size and beyond its useful roles it begins to harm the country that hosts it Finance turns away from its traditional role serving society and creating wealth and towards often profitable activities to extract wealth from other parts of the economy It also becomes politically powerful shaping laws and rules and even society to suit it The results include lower economic growth steeper ineuality inefficient markets damage to public services worse corruption the hollowing out of alternative economic sectors and widespread damage to democracy and to society” What is this book notIt is not a door stop It is not about socialism It's not about the traditional left versus right in politics or over simplified arguments about high tax versus low tax It's about having an economy that works for everyone not just the rich Who is it forEveryone although it seems to be written for the UK audience it is relevant to any country where the 'finance curse' is in action The book is relevant for everyone as the ideas ideology politics and economics behind it are everywhere It should be taken as a warning of how not to run an economyYou don't need a background in economics or to be any good with numbers I am definitely not to understand this book It can get technical and there are too many abbreviations to remember BUT the outrage will keep you going I am serious about how this book made me feel and I would recommend you do not read it before bed because anger does not generally help you get to sleepIf you are an economics student you should definitely read this as it gives a powerful well evidenced critiue of the mainstream school of thought being taught at present ie neo liberalismWhat does the book coverThe book will take you step by step through the history of the finance curse how it developed and why it is still so powerful today despite its clear detrimental impacts to all of us It will tell you how the rich avoid taxes explaining tax havens charitable trust and regulatory loop holes The book also explains how the media politicians regulators academia and the evidence they cherry pick are all twisted to keep the status uo There are in depth case studies such as the growth and crash of the Irish economy that clearly demonstrate how false current economic myths are The myths the book tackles and proves false include lower taxes are good for the economy higher taxes will scare big business away de regulating markets is good for economic growth and there are no negative impacts from lowering taxes Clue it definitely looks that way if you only look at one side of the story and refuse to measure the negative impactsThis is an incredibly well researched book 79 pages of notes and references at the end with lots of evidence to back up its claims and uotes and stories to keep it engaging The author also keeps it engaging by pointing the reader back to the negative impacts on daily life from housing prices to train ticket prices As such there is a good balance between the abstract and impersonal tax havens with the deeply personal the levels of care given to older people in their homesWhy should I read itThe 'finance curse' impacts every aspect of our lives and this book has so many answers to so many things we should all worry about If you worry about the level of care your Gran gets from her home visiting carers – you should read this bookIf you work as a carer and worry about why you are being asked to visit and people in less time for less pay – you should read this bookIf you wonder about all the shops closing in your town centre and why does not pay tax – you should read this bookIf you worry about the rising numbers of food banks of the rising numbers of working people using food banks – you should read this bookIf you are interested in why Brexit happened and why Trump was elected – you should read this bookIf you ever wonder why as UK tax payers we are paying for the mistakes made by the finance sector – you should read this bookIf you ever wonder why no bankers or anyone from the finance sector went to jail at least in the UK after the last financial crash – you should read this bookIf you care about ineuality poverty workers rights global development – you should read this bookIf you are concerned about corruption in markets corruption in politics and cross border organised crime – you should read this bookIf you care about national security democracy sovereignty foreign influence on government – you should read this book

Reader The Finance Curse

The Finance CurseFor many years economists have noted how countries rich in natural resources often fail to benefit from their unearned wealth Indeed sometimes the discovery of oil and gas can seem like a curse than a blessingThe Finance Curse shows how countries with oversized financia I really wish I could give this book a better rating I dove in prepared to agree with the author and discover the nuance of what an overly robust financial sector does to economies why how and what to do about it Some of that Shaxson did deliver and there were a few chapters I found uite engaging and informative for example the ones where he talks about the “Celtic Tiger” and offshore finance makes sense he authored an entire separate book on the topic of tax havens His breakdown of some key economic ideas of the previous century neoliberal thought etc in the beginning of the book also struck me as uite fair and successfulHowever the further I went into the book the sensationalist “finger pointy” and comical Shaxson’s arguments and rhetoric became He is uick with exclamations of mock horror at companies facing a possible need to file US tax returns inexplicably insists on using words like “titan” to describe hedge fund managers or junk bond fueled raiders and labels anything even remotely complex in the financial world “suirrelly business” Perhaps I am just a jaded corporate drone but a lot of his fist shaking leaves me shrugging my shoulders There are many destructive aspects to contemporary global finance oh wow who knew I am trying to learn about them not get an earful of moralistic sensationalizations about pension funds getting swindled and taxes being avoided Even when his general points are reasonable and true the tabloid language makes them next to impossible to absorb Here is an especially egregious example of what so irks meThere’s a third reason for all the snaking chains of corporate complexity which brings that other large stakeholder into view the shambling unloved grouchy giant that invests in the roads the courts the education of workers the sewage pipes under homes and office buildings and the other essential things that underpin all of the titans’ profits Government After it has picked up the human flotsam from the lacerated pension pots and the layoffs be they burned out journalists or the victims of rogue doctors the government is at least supposed to get a payback in the form of tax levied on corporate profitsIf this kind of delivery is you cup of tea you doubtless will enjoy the book much than I did Shaxson does a fair bit of introductory explaining throughout the book which some readers may find very useful but I personally did not He is very clear and brief in these summaries but goes a little too far for example breaking down what bank balances are which seems redundant in a book not targeted at children I wish he spent time unpacking complex concepts mentioned in the book such as different kinds of trusts or some “typical” ways to structure chains of offshore corporations rather than focused on the simpler foundational terms Lastly while I find the whole idea of “the finance curse” compelling and its existence demonstrable I am concerned Shaxson stretches it too far for example concluding the book with a chapter on CAFOs Are they terrible Yes Are contemporary farming and agricultural practices horrid in general Yes Are they a manifestation of “the finance curse” I am not convinced The book does successfully demonstrate the bloat and uestionable practices in the financial sector but comes up short trying to expose its poisonous influence on the rest of the economy Again I am already in agreement with the author’s thesis and I was hoping he would elegantly put relevant arguments into words alas he doesn’t accomplish that in this bookThanks to NetGalley for a digital ARC of this book

Nicholas Shaxson Ù The Finance Curse Epub

Download The Finance Curse Book ↠ 194 pages ´ Gymapparel ✓ ❮Reading❯ ➳ The Finance Curse ➬ Author Nicholas Shaxson – Gym-apparel.co.uk For many years economists have noted how countries rich in natural resources often fail to benefit from their unearned wealth Indeed sometimeL sectors can suffer a similar fate The Finance MOBI #204 The easy money that comes from finance carries hidden costs in form of steepening ineuality political and intellectual corruption industrial stagnation and periodic crisis and collapseNicholas Shaxson the author I have never read a book that made me feel so angry Page after page of outrage grinding my teeth ranting at my poor family and wondering why did I not know about any of thisWhat's it aboutYou may look at this book and think it is about economics tax havens private euity firms millionaires billionaires monopolies and multinational corporations Which it isThis may immediately scream 'boring snoozefest' to you however it is about much about how all those things negatively impact your lifeThis book is about how you are being cheated about how your money and taxes are effectively being stolen and as a result how you your family your community and country are all being left poorerThis book is about the 'finance curse' which the author refers to as “the idea that once a financial sector grows above an optimal size and beyond its useful roles it begins to harm the country that hosts it Finance turns away from its traditional role serving society and creating wealth and towards often profitable activities to extract wealth from other parts of the economy It also becomes politically powerful shaping laws and rules and even society to suit it The results include lower economic growth steeper ineuality inefficient markets damage to public services worse corruption the hollowing out of alternative economic sectors and widespread damage to democracy and to society” What is this book notIt is not a door stop It is not about socialism It's not about the traditional left versus right in politics or over simplified arguments about high tax versus low tax It's about having an economy that works for everyone not just the rich Who is it forEveryone although it seems to be written for the UK audience it is relevant to any country where the 'finance curse' is in action The book is relevant for everyone as the ideas ideology politics and economics behind it are everywhere It should be taken as a warning of how not to run an economyYou don't need a background in economics or to be any good with numbers I am definitely not to understand this book It can get technical and there are too many abbreviations to remember BUT the outrage will keep you going I am serious about how this book made me feel and I would recommend you do not read it before bed because anger does not generally help you get to sleepIf you are an economics student you should definitely read this as it gives a powerful well evidenced critiue of the mainstream school of thought being taught at present ie neo liberalismWhat does the book coverThe book will take you step by step through the history of the finance curse how it developed and why it is still so powerful today despite its clear detrimental impacts to all of us It will tell you how the rich avoid taxes explaining tax havens charitable trust and regulatory loop holes The book also explains how the media politicians regulators academia and the evidence they cherry pick are all twisted to keep the status uo There are in depth case studies such as the growth and crash of the Irish economy that clearly demonstrate how false current economic myths are The myths the book tackles and proves false include lower taxes are good for the economy higher taxes will scare big business away de regulating markets is good for economic growth and there are no negative impacts from lowering taxes Clue it definitely looks that way if you only look at one side of the story and refuse to measure the negative impactsThis is an incredibly well researched book 79 pages of notes and references at the end with lots of evidence to back up its claims and uotes and stories to keep it engaging The author also keeps it engaging by pointing the reader back to the negative impacts on daily life from housing prices to train ticket prices As such there is a good balance between the abstract and impersonal tax havens with the deeply personal the levels of care given to older people in their homesWhy should I read itThe 'finance curse' impacts every aspect of our lives and this book has so many answers to so many things we should all worry about If you worry about the level of care your Gran gets from her home visiting carers – you should read this bookIf you work as a carer and worry about why you are being asked to visit and people in less time for less pay – you should read this bookIf you wonder about all the shops closing in your town centre and why does not pay tax – you should read this bookIf you worry about the rising numbers of food banks of the rising numbers of working people using food banks – you should read this bookIf you are interested in why Brexit happened and why Trump was elected – you should read this bookIf you ever wonder why as UK tax payers we are paying for the mistakes made by the finance sector – you should read this bookIf you ever wonder why no bankers or anyone from the finance sector went to jail at least in the UK after the last financial crash – you should read this bookIf you care about ineuality poverty workers rights global development – you should read this bookIf you are concerned about corruption in markets corruption in politics and cross border organised crime – you should read this bookIf you care about national security democracy sovereignty foreign influence on government – you should read this book