Aaron Sahr
Keystroke Capitalism: How Banks Create Money for the Few
Keystroke Capitalism: How Banks Create Money for the Few
- Condition: Brand new
- UK Delivery times: Usually arrives within 2 - 3 working days
- UK Shipping: Fee starts at £2.39. Subject to product weight & dimension
Couldn't load pickup availability
Excellent- More about Keystroke Capitalism: How Banks Create Money for the Few
The power to create money has been hidden by the way we think and talk about capitalism, leading to the omission of money creation from theories of capitalism and the resulting financialization of the economy. This has transferred economic benefits from the masses to a minority, and increasing inequality can only be combated by addressing pre-distribution.
Format: Paperback / softback
Length: 144 pages
Publication date: 01 March 2022
Publisher: Verso Books
Contemporary capitalism has witnessed a surge in the production of money, debt, and inequality, all of which are interconnected. The root cause of this phenomenon lies in the exclusive privilege granted to private banks to create money through accounting, facilitated by the mere stroke of a key. This privilege has remained largely unchallenged in political discourse for an extended period, leading to significant benefits for certain individuals and groups.
The omission of money creation from theories of capitalism has played a pivotal role in concealing the true power wielded by these institutions. The book delves into the historical neglect of money creation and its consequences. By expanding the operational space for banks to exercise their privilege, capitalist countries have financed a profound transformation of the economy known as financialization. This process has resulted in the real economy and private households becoming debt suppliers to a monetary system that accumulates wealth at the top. It is not just the markets but money itself that perpetuates economic advantages from the masses to a minority.
Addressing the growing inequality of income and wealth requires a comprehensive approach that goes beyond correcting distributive outcomes through market-redistribution measures alone. It necessitates a deeper examination of the modalities of money creation. By reevaluating the mechanisms through which money is generated and distributed, we can strive to create a more equitable and sustainable economic system.
Weight: 162g
Dimension: 209 x 140 x 9 (mm)
ISBN-13: 9781839761195
This item can be found in:
UK and International shipping information
UK and International shipping information
UK Delivery and returns information:
- Delivery within 2 - 3 days when ordering in the UK.
- Shipping fee for UK customers from £2.39. Fully tracked shipping service available.
- Returns policy: Return within 30 days of receipt for full refund.
International deliveries:
Shulph Ink now ships to Australia, Canada, France, Ireland, Italy, Germany, Spain, Netherlands, New Zealand and the United States of America.
- Delivery times: within 5 - 20 business days when ordering to France, Germany, Ireland, Spain, Canada and the United States. Up to 30 business days for Australia and New Zealand.
- Shipping fee: charges vary for overseas orders. Only tracked services are available for international orders.
- Customs charges: If ordering to addresses outside the United Kingdom, you may or may not incur additional customs and duties fees during local delivery.
