Every Economic Question Is a Question of Power

The links between business, finance, and the state do not represent a perversion of liberal democracy — they are an unavoidable feature of capitalist political economy.

Illustration by Christoph Kleinstück

Big finance is sabotaging the real economy — that’s the central thesis of Anastasia Nesvetailova and Ronen Palan’s new book, Sabotage: The Hidden Nature of Finance. Far from being a few isolated incidents of malpractice, the lying, cheating, and stealing exposed during the financial crisis constitute the main source of the sector’s huge profits. Sabotage is woven […]

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