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The Global Casino

By Ann Pettifor

The Global Casino

By Ann Pettifor

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Description
The global market in money – housed in the offshore ‘shadow’ banking system – holds $217 trillion in financial assets and operates beyond the reach of any nation’s taxman. Asset managers, private equity firms, and pension and sovereign wealth funds scoop up the world’s savings for investment and manage them as they choose, unaccountable to politicians or the citizens who elect them. In this brilliant, accessible and incisive introduction to the murky world of glo­balized finance, Ann Pettifor links the activities of remote mobile financial markets to both the cost-of-living and climate crises. In an insane global casino, bankers are gambling with our future. When we foot the bill, no one but a few economists understands what has happened. The result is volatile, unpre­dictable and uncontrollable speculation in global commodities, pension, energy, and housing. Pettifor argues that societies and gov­ernments can take back control of the global financial system. We have done it before and can do it again. Indeed, it is imperative that we do so if we are to manage the twin threats of climate breakdown and biosphere collapse.
Product details
Number of Pages:
240
Release Date:
2026-01-27
Publication Date:
2026-01-27
Publisher:
Verso Books
Languages:
Original: English
ISBN10:
1804297224
ISBN13:
9781804297223
GPSR Manufacturer Reference:
[email protected]
Weight:
318 g
Height:
148 cm
Width:
216 cm
Thickness:
24 cm
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