Predator Nation

Predator Nation

Corporate Criminals, Political Corruption, and the Hijacking of America

Book - 2012
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Over the last several decades, the United States has undergone one of the most radical social and economic transformations in its history: Finance has become America's dominant industry, while manufacturing has nearly disappeared. The financial sector has become increasingly criminalized, with widespread fraud going completely unpunished. Federal tax collections are at their lowest level in sixty years, with the wealthy enjoying the greatest tax reductions. Most shockingly, the United States, so long the beacon of opportunity for the ambitious poor, has become one of the world's most unequal societies. If you're smart and a hard worker, but your parents aren't rich, you're now better off being born in Munich or Singapore than in Cleveland or New York. This radical shift did not happen by accident. Author Ferguson shows how, since the Reagan administration, both major political parties have become captives of the moneyed elite. The Clinton administration dismantled the regulatory controls that protected the average citizen from avaricious financiers. The Bush team destroyed the federal revenue base with its tax cuts for the rich. And the Obama White House has allowed financial criminals to continue to operate unchecked, even after supposed "reforms" installed after the collapse of 2008.--From publisher description.
Publisher: New York : Crown Business, c2012
Edition: 1st ed
ISBN: 9780307952554
030795255X
Branch Call Number: 330.973 FER NVD
Characteristics: vii, 369 p. : ill. ; 25 cm

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dirtbag1
Feb 25, 2017

This book was written in the pre-Trump era and gives a roadmap of how America must right the ship. However, judging by what is happening in the U.S. today, things will only get worse.
With the corrupt financial services industry still in tact from the 2008 bubble and a country run by billionaires with Trump as their frontman and shill the future for the 99% is not good. The predatory Nation outlines how the elite still have an agenda to fleece every nickel left out of its naive citizens. Well worth reading.

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StarGladiator
Feb 15, 2013

" If you're smart and a hard worker, but your parents aren't rich, you're now better off being born in Munich or Singapore than in Cleveland or New York."

This is another of those great, must-read books, which explains the overall big picture of what went wrong, by design, that is, and how it transfers wealth to the super-rich (by the fellow who brought us, "Inside Job" if I recall the movie title correctly?). The fantasy finance sector, which employs 7.8% of what remains of the "workforce in America" makes up the majority of the GDP today, and people still think we live in a consumer-based economy? ? ? ?

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