Makers and Takers

Rana Foroohar just joined the Financial Times as a global business journalist and Associate Editor. She also serves as CNN's global economic commentator. Prior to joining the Financial Times and CNN, Foroohar was the assistant managing editor in charge of business and economics at TIME for six years, as well as the magazine's economic columnist. She also worked for Newsweek for 13 years as an economic and foreign affairs editor as well as a foreign reporter covering Europe and the Middle East. During that time, she received the Peter Weitz Prize for transatlantic reporting from the German Marshall Fund.

When it comes to the dynamics that formed the 2016 presidential election, one thing is clear: a large portion of the population believes that our economic system is rigged to reward the privileged elites at the expense of hardworking Americans. This is a belief shared by people on both sides of the political spectrum, and it appears to be gaining traction.

According to Financial Times columnist Rana Foroohar, one of the main reasons is that Wall Street is no longer supporting Main Street enterprises that create jobs for the middle and working classes. She uses in-depth reporting and conversations with leaders in business and government to demonstrate how the "financialization of America", the phenomena in which finance and its way of thinking have come to dominate every aspect of business, is endangering the American Dream.

Makers and Takers, now updated with new material explaining how our corrupted financial system propelled Donald Trump to power, delves into the forces that have led American businesses to favor balance-sheet engineering over the actual kind, greed overgrowth, and short-term profits over putting people to work. From Wall Street's cozy relationship with Washington to a tax scheme designed to reward wealthy individuals and businesses, to forty years of disastrous policy decisions, she explains why so many Americans have lost trust in the system, and why it matters so much to us all.

Foroohar demonstrates how we can reverse these patterns for a better road forward via colorful anecdotes of both "Takers," individuals restricting job creation while padding their own pockets, and "Makers," entrepreneurs helping the real economy.

Author: Rana Foroohar

Link to buy: https://www.amazon.com/gp/product/0553447254

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