This book has 1 recommendations
Robert Kiyosaki (Author / )
She’s talking about how business schools teach students, the best and brightest business students in America and the world, they teach them to manipulate the stock market, not to grow businesses. That’s why I dropped out of business school. They’re teaching kids to be financial engineers, which creates derivatives, and all these toxic things. Student loan debt and all this. But they don’t teach them how to grow a business. Today our stock market is propped up because CEOs are using debt to prop up the stock price and sell their options and exit. It screws the investors and the workers. That’s what they’re teaching at business school today.
In looking at the forces that brought our current administration to power 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.
See more books recommended by
See more books written by