Keystroke Capitalism: How Banks Create Money for the Few Sahr Aaron
Keystroke Capitalism: How Banks Create Money for the Few Sahr Aaron Money creation makes the world go roundContemporary capitalism produces more and more money, debt, and inequality. Why was this…
Specifikacia Keystroke Capitalism: How Banks Create Money for the Few Sahr Aaron
Keystroke Capitalism: How Banks Create Money for the Few Sahr Aaron
Money creation makes the world go roundContemporary capitalism produces more and more money, debt, and inequality. Why was this privilege not addressed politically for so long - and who benefited from it? These three trends have a common cause: the privilege of private banks to create money by means of accounting - by the stroke of a key.
By expanding the manoeuvring space for the banks to use their privilege, the capitalist countries have financed a transformation of the economy known as financialization. At the heart of the answer lies the realization that the power to create money has been hidden by the way we commonly think and talk about capitalism.The book traces the omission of money creation from theories of capitalism and maps its consequences. As a result, the real economy and private households became a debt supplier to a monetary system whose returns
One for the Money