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Market
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Normally, the easiest way to [use money to get more money, i.e. capitalism] is by establishing some kind of formal or de facto monopoly. For this reason, capitalists, whether merchant princes, financiers, or industrialists, invariably try to ally themselves with political authorities to limit the freedom of the market, so as to make it easier for them to do so. From this perspective, China was for most of its history the ultimate anti-capitalist market state. Unlike later European princes, Chine
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― Debt: The First 5,000 Years
― Debt: The First 5,000 Years
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Investment banking practices promoted a surge of predatory lending to originate loans and created a market for buying bonds based on them.
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― Liquidated: An Ethnography of Wall Street
― Liquidated: An Ethnography of Wall Street
Greetings, and welcome to a group dedicated to the person authors can't do without: the Cover Ar…more
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for buddy reading The Little Book of Common Sense Investing
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