Gerald Epstein, "Busting the Bankers' Club: Finance for the Rest of Us" (U California Press, 2024)

Gerald Epstein, "Busting the Bankers' Club: Finance for the Rest of Us" (U California Press, 2024)

Bankers brought the global economic system to its knees in 2007 and nearly did the same in 2020. Both times, the US government bailed out the banks and left them in control. How can we end this cycle of trillion-dollar bailouts and make finance work for the rest of us? Busting the Bankers' Club confronts the powerful people and institutions that benefit from our broken financial system—and the struggle to create an alternative. Drawing from decades of research on the history, economics, and politics of banking, economist Gerald Epstein shows that any meaningful reform will require breaking up this club of politicians, economists, lawyers, and CEOs who sustain the status quo. Thankfully, there are thousands of activists, experts, and public officials who are working to do just that. Clear-eyed and hopeful, Busting the Bankers' Club: Finance for the Rest of Us (U California Press, 2024) centers the individuals and groups fighting for a financial system that will better serve the needs of the marginalized and support important transitions to a greener, fairer economy. Busting the Bankers’ Club is an eye-opening account of the failures of our financial system, the sources of its staying power, and the path to meaningful economic reform from Professor Gerald Epstein, Founding Codirector of the Political Economy Research Institute at the University of Massachusetts Amherst. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/critical-theory

Episoder(2105)

John H. Summers, “Every Fury on Earth” (Davies Group, 2008)

John H. Summers, “Every Fury on Earth” (Davies Group, 2008)

The vast majority of historians write history. Perhaps that’s good, as one should stick to what one knows. But there are historians who braves the waters of social and political criticism. One thinks of Arthur Schelsinger Jr., Richard Hofstadter, Christopher Lasch, Robert Conquest, Richard Pipes, Eric Hobsbawm, E. P. Thompson, and more recently Tony Judt, Sean Wilentz and Victor Davis Hanson. Today I had the good fortune to speak with a historian who is virtually sure to enter the top rank of historian-public intellectuals, John H. Summers. Indeed, he already has. He’s published numerous probing essays on academic life, anarchism, the Left, sex scandals, anti-Americanism, the fate of newspapers, and, of course, many of the great American public intellectuals (he’s at work on a biography of C. Wright Mills). Summers does what all critics worth their salt do: comfort the afflicted and afflict the comfortable. Just read his remarkably insightful “All the Priviledged Must Have Prizes” about his experience teaching at Harvard. (Also, read the comments attending article, where current Harvard students unwittingly prove Summers’ main points). We must be grateful, then, that the folks at the Davis Group Press have elected to publish a collection of Summers’ finely crafted essays in Every Fury on Earth (2008). The book is challenging, thought-provoking, and courageous. John H. Summers does not blink. You will agree with some of the things he says, and you will disagree with others. That, of course, is the fun of it. BTW: If you have a relative or friend who is an academic, this book would make a perfect holiday gift. If you are an academic, indulge yourself and buy it. Please become a fan of “New Books in History” on Facebook if you haven’t already. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/critical-theory

16 Des 20081h 10min

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