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Age Shock
Robin Blackburn
其他書名
How Finance is Failing Us
出版
Verso
, 2006
主題
Business & Economics / Investments & Securities / General
Business & Economics / Labor / Wages & Compensation
Business & Economics / Economics / General
Law / Pension Law
Political Science / History & Theory
Political Science / Public Policy / Economic Policy
Political Science / Public Policy / Social Security
ISBN
1844670139
9781844670130
URL
http://books.google.com.hk/books?id=Q9QtM7kMJ7YC&hl=&source=gbs_api
EBook
SAMPLE
註釋
The last few years have shown how badly the financial services industry performs as a custodian of savings and pension funds. The "skimming" of US mutual funds, the see-saw of the stock markets and a string of business scandals from Enron to Parmalat have wiped billions from the savings of employees on both sides of the Atlantic. They have also exposed the absence of responsibility at the heart of what Robin Blackburn calls 'grey capitalism.' Here, Blackburn takes forward the argument of his acclaimed Banking on Death and explains why attempts to meet the costs of the ageing society through a proliferation of financial products are doomed to fail and have a host of unfortunate side-effects. In fact, 'financial engineering, ' as it is called, has enabled corporations to escape taxation while allowing a new breed of chief executive to accumulate extravagant fortunes at the expense of shareholder and employee alike. -- Book jacket.