||1 of 1 people found the following review helpful.| A very useful piece of the puzzle of recent US history|By Phil O.|There are many books about the reentry broadly into American life of a more acute risk-and-reward financialization, starting loosely in the 1970s. Personal finance has been deeply affected, so this is quite close to home for Americans at all wealth levels.This book very helpfully presents many nuts and bolts, pa||With Capitalizing on Crisis, we finally have a persuasive account of the roots of the 2007-2008 financial disaster. While most studies focus on the proximate causes, Krippner makes sense of the dramatic expansion over decades of the financial sector of
Capitalizing on Crisis offers a political sociology of the rise of finance in the U.S. economy over the last three decades. Krippner’s core argument is that successive U.S. administrations embraced policy choices that heightened financialization as a way to escape direct confrontation with the pressing issues of fiscal crisis and legitimation crisis that emerged in the late 1960’s, rather than as a policy goal of its own. This is an extremely important arg...
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You can specify the type of files you want, for your device.Capitalizing on Crisis | Greta R. Krippner. A good, fresh read, highly recommended.
