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Bad Money: Reckless Finance, Failed Politics, and the Global Crisis of American Capitalism (Paperback)

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Description


In his acclaimed book "American Theocracy," Kevin Phillips warned of the perilous interaction of debt, financial recklessness, and the spiking cost (and growing scarcity) of oil- warnings that are proving to be frighteningly accurate. Now, in his most significant and timely book yet, Phillips takes the full measure of this crisis. They are a part of what he calls "bad money"- not just the depreciated dollar, but also the dangerous attitudes and the flawed products of wayward mega-finance. His devastating conclusion: In its hubris, the financial sector has hijacked the American economy and put our very global future at risk-and it may be too late to stop it.

About the Author


Kevin Phillips, author of "Wealth and Democracy", "The Cousins' War", and "Arrogant Capital ", is a regular contributor to the" Los Angeles Times, The New York Times Magazine", and "The Washington Post "and is a commentator for CBS and National Public Radio. He also edits his own newsletter, "American Political Report". He lives in Connecticut.

Praise For…


"A harrowing picture of national danger that no American reader will welcome, but that none should ignore. . . . Frighteningly persuasive."
-Alan Brinkley, The New York Times

"An indispensable presentation of the case against things as they are."
-Time

"Sobering . . . positively alarming."
-Los Angeles Times

Product Details
ISBN: 9780143114802
ISBN-10: 0143114808
Publisher: Penguin Books
Publication Date: March 31st, 2009
Pages: 272
Language: English