Manchester University Press
1 The casino image gone mad
Abstract
Family businesses painstakingly built up over the years were bankrupted. The future looked dark indeed for the once-proud 'tiger economies' of east Asia. It was a coincidence that the book to which this is some sort of sequel, Casino Capitalism, had ended with just such a graphic image of the financial operators drinking champagne, while outside the tower-block offices other people were having a hard time of it. The pace of globalisation and of changes in the financial system that lay behind what people thought of as globalisation had got faster. The chapter presents various hypotheses about the most important changes that have affected that global financial system. To play fair with the general reader, and incidentally, to show what a wide variation there is in theories and interpretations of changes and events, there should also be some review of those conflicting approaches.
Abstract
Family businesses painstakingly built up over the years were bankrupted. The future looked dark indeed for the once-proud 'tiger economies' of east Asia. It was a coincidence that the book to which this is some sort of sequel, Casino Capitalism, had ended with just such a graphic image of the financial operators drinking champagne, while outside the tower-block offices other people were having a hard time of it. The pace of globalisation and of changes in the financial system that lay behind what people thought of as globalisation had got faster. The chapter presents various hypotheses about the most important changes that have affected that global financial system. To play fair with the general reader, and incidentally, to show what a wide variation there is in theories and interpretations of changes and events, there should also be some review of those conflicting approaches.
Chapters in this book
- Front matter i
- Contents v
- Introduction to the new edition of Mad money vii
- Acknowledgements xvii
- List of abbreviations xviii
- 1 The casino image gone mad 1
- 2 Innovations 22
- 3 Political underpinnings: the US–Japan axis 43
- 4 Political underpinnings: disunited Europe 60
- 5 Wall Street and other casinos 78
- 6 The debtors 97
- 7 Finance and crime 123
- 8 Managing mad money – national systems 139
- 9 Our international guardians 158
- 10 So what? 179
- Bibliography 192
- Index 203
Chapters in this book
- Front matter i
- Contents v
- Introduction to the new edition of Mad money vii
- Acknowledgements xvii
- List of abbreviations xviii
- 1 The casino image gone mad 1
- 2 Innovations 22
- 3 Political underpinnings: the US–Japan axis 43
- 4 Political underpinnings: disunited Europe 60
- 5 Wall Street and other casinos 78
- 6 The debtors 97
- 7 Finance and crime 123
- 8 Managing mad money – national systems 139
- 9 Our international guardians 158
- 10 So what? 179
- Bibliography 192
- Index 203
