Makers and takers: The rise of finance and the fall of American business

Title: Makers and Takers: The Rise of Finance and the Fall of American Business

Author(s): Rana Foroohar

Year: 2016

Publisher: Crown Business, an imprint of the Crown Publishing Group, a division of Penguin Random House LLC

ISBN: N/A

Description:

This book explores how Wall Street and finance have come to dominate American business, often at the expense of the real economy that creates jobs and growth. Foroohar investigates the "financialization of America," where finance takes a disproportionate share of corporate profits while generating a small portion of jobs. The author critiques how American businesses prioritize short-term financial engineering over genuine business growth, putting greed above investment in labor and innovation.

The book is supported by detailed reporting and interviews with business and government leaders and discusses the political and economic consequences of these trends on Main Street, including their role in the rise of Donald Trump. It calls for restoring finance to its proper role in serving real businesses and society at large.