International finance

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  • Sabotage

    £9.99

    Sabotage

    Financial malpractice, we’re told, is an aberration: the actions of a few bad apples deviating from the norms of a market-governed process and gaming the system. In ‘Sabotage’, political scientists Anastasia Nesvetailova and Ronen Palan blow this fiction apart, showing that sabotage is not an anomaly, but part of the business model of finance – and always has been. Abusive lending practices, misleading investors, manipulating prices, deliberately falsifying figures, cheating, obstruction, and taking advantage of ‘the dumbest person in the room’ – they’re actually the main source of profitability in finance, and the surest way to a bonus.

    £9.99