Cal Lee

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The steps taken to climb out of the financial crisis in turn exacerbated some of the same failures endemic to the American model of globalization. Trillions of dollars were transferred to some of the same banks that caused the crisis so that they could be a source of lending and investment. This helped prevent a depression, but it also left in place the basic wiring of the financial system and the inequality that made so many people angry in the first place. The few people who were rich enough to have their wealth invested in markets got richer; for everyone else, the cost of necessities from ...more
After the Fall: Being American in the World We've Made
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