Is Wall Street bad for American business? According to Rana Foroohar, eight years on from the biggest market meltdown since the Great Depression, the key lessons of the crisis of 2008 still remain unlearned—and our financial system is just as vulnerable as ever. She argues that our government failed to fix the banking system after the subprime mortgage crisis, and that the misguided financial practices and philosophies that nearly toppled the global financial system have come to infiltrate all American businesses, putting us on a collision course for another cataclysmic meltdown.
Drawing on in-depth reporting and exclusive interviews at the highest rungs of Wall Street and Washington, Rana Foroohar shows how the “financialization of America”— the trend by which finance and its way of thinking have come to reign supreme—is perpetuating Wall Street’s reign over Main Street, widening the gap between rich and poor, and threatening the future of the American Dream.
