Bad Money: Reckless Finance, Failed Politics, and the Global Crisis ofAmerican Capitalism (Hardcover)
Reckless Finance, Failed Politics, and the Global Crisis ofAmerican Capitalism
Viking Adult, 9780670019076, 256pp.
Publication Date: April 15, 2008
List Price: 25.95*
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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 has been a political and economic commentator for more than three decades. A former White House strategist, he is a regular contributor to the Los Angeles Times and NPR and writes for Harper s and Time. His books include New York Times bestsellers The Politics of Rich and Poor and Wealth and Democracy."