Is Wall Street bad for Main Street America? "A well-told exploration of why our current economy is leaving too many behind." —The New York Times In looking at the forces that shaped the 2016 presidential election, one thing is clear: much of the population believes that our economic system is rigged to enrich the privileged elites at the expense of hard-working Americans. This is a belief held equally on both sides of political spectrum, and it seems only to be gaining momentum. A key reason, says Financial Times columnist Rana Foroohar, is the fact that Wall Street is no longer supporting Main Street businesses that create the jobs for the middle and working class. She draws on in-depth reporting and interviews at the highest rungs of business and government to show how the “financialization of America”—the phenomenon by which finance and its way of thinking have come to dominate every corner of business—is threatening the American Dream. Now updated with new material explaining how our corrupted financial system propelled Donald Trump to power, Makers and Takers explores the confluence of forces that has led American businesses to favor balance-sheet engineering over the actual kind, greed over growth, and short-term profits over putting people to work. From the cozy relationship between Wall Street and Washington, to a tax code designed to benefit wealthy individuals and corporations, to forty years of bad policy decisions, she shows why so many Americans have lost trust in the system, and why it matters urgently to us all. Through colorful stories of both “Takers,” those stifling job creation while lining their own pockets, and “Makers,” businesses serving the real economy, Foroohar shows how we can reverse these trends for a better path forward.
makers and takers
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In Makers and Takers you will discover why: * Seventy-one percent of conservatives say you have an obligation to care for a seriously injured spouse or parent versus less than half (46 percent) of liberals. * Conservatives have a better work ethic and are much less likely to call in sick than their liberal counterparts. * Liberals are 2½ times more likely to be resentful of others’ success and 50 percent more likely to be jealous of other people’s good luck. * Liberals are 2 times more likely to say it is okay to cheat the government out of welfare money you don’t deserve. * Conservatives are more likely than liberals to hug their children and “significantly more likely” to display positive nurturing emotions. * Liberals are less trusting of family members and much less likely to stay in touch with their parents. * Do you get satisfaction from putting someone else’s happiness ahead of your own? Fifty-five percent of conservatives said yes versus only 20 percent of liberals. * Rush Limbaugh, Ronald Reagan, Bill O’Reilly and Dick Cheney have given large sums of money to people in need, while Ted Kennedy, Nancy Pelosi, Michael Moore, and Al Gore have not. * Those who are “very liberal” are 3 times more likely than conservatives to throw things when they get angry. The American left prides itself on being superior to conservatives: more generous, less materialistic, more tolerant, more intellectual, and more selfless. For years scholars have constructed—and the media has pushed—elaborate theories designed to demonstrate that conservatives suffer from a host of personality defects and character flaws. According to these supposedly unbiased studies, conservatives are mean-spirited, greedy, selfish malcontents with authoritarian tendencies. Far from the belief of a few cranks, prominent liberals from John Kenneth Galbraith to Hillary Clinton have succumbed to these prejudices. But what do the facts show? Peter Schweizer has dug deep—through tax documents, scholarly data, primary opinion research surveys, and private records—and has discovered that these claims are a myth. Indeed, he shows that many of these claims actually apply more to liberals than conservatives. Much as he did in his bestseller Do as I Say (Not as I Do), he brings to light never-before-revealed facts that will upset conventional wisdom. Conservatives such as Ronald Reagan and Robert Bork have long argued that liberal policies promote social decay. Schweizer, using the latest data and research, exposes how, in general: * Liberals are more self-centered than conservatives. * Conservatives are more generous and charitable than liberals. * Liberals are more envious and less hardworking than conservatives. * Conservatives value truth more than liberals, and are less prone to cheating and lying. * Liberals are more angry than conservatives. * Conservatives are actually more knowledgeable than liberals. * Liberals are more dissatisfied and unhappy than conservatives. Schweizer argues that the failure lies in modern liberal ideas, which foster a self-centered, “if it feels good do it” attitude that leads liberals to outsource their responsibilities to the government and focus instead on themselves and their own desires.
Written by an eminent Australian human ecologist, this text offers a description of the broad, competing philosophies that are shaping the sort of country we are leaving for our grandchildren.
Features interviews with successful photographers from different disciplines that discuss such topics as inspiration, how a signature style is developed, and the role of postproduction.
Theologians virtually ignore the economic commentary in the Bible. In the few cases where it gets any attention, economic commentary in the Gospels and other New Testament writings tend to lapse into simplistic class warfare nostrums. Liberation theologians import Marxism wholesale (but they try to sell it retail) into theology. Academic historians of 1st Century Palestine/Judea have been pushing an account of a poor peasant Jesus leading a poor peasant's revolt based on the idea of mass displaced workers in Lower Galilee. The problem is the actual archeological findings paint a picture of an industrious and entrepreneurial economy during Jesus's time there. Reading the Gospels in light of archeology and history, which are now available to us, gives us a very different picture than the one you’ve been told regarding what Jesus taught about work and money.
Creating and organizing successful photography exhibitions requires business finesse and expertise as well as artistic ability. This resource offers step-by-step guidance to help photographers at any level improve their business skills, explore new exhibiting techniques, and learn to self-promote with confidence.
In this follow up to From a Market Economy to a Finance Economy, Samli reflects on his more than half a century of economic experience and research, maintaining that financiers, the government and many decision makers in both politics and the economy, do not really the 'free market.