Against Financism - Felipe Miranda / Rodolfo Amstalden

Against Financism: A Radical Critique of Finance and its Impact on Society

By Felipe Miranda and Rodolfo Amstalden

In their groundbreaking book, "Against Financism," Felipe Miranda and Rodolfo Amstalden offer a scathing critique of the financial industry and its pervasive influence on society. They argue that the current financial system is fundamentally flawed and that it is responsible for a wide range of social, economic, and environmental problems.

The Authors' Argument

Miranda and Amstalden begin by defining financism as "the dominance of the financial sector over the rest of the economy." They argue that financism has become increasingly powerful in recent decades, and that it has had a devastating impact on society.

One of the most damaging effects of financism, according to the authors, is that it has led to a massive increase in inequality. The financial sector has become increasingly concentrated, with a small number of large banks and financial institutions controlling a vast majority of the wealth. This has led to a widening gap between the rich and the poor, and it has made it increasingly difficult for ordinary people to achieve economic security.

Financism has also contributed to the rise of economic instability. The authors argue that the financial sector is inherently unstable, and that it is prone to bubbles and crashes. These bubbles and crashes can have a devastating impact on the economy, leading to job losses, foreclosures, and economic recessions.

In addition to its economic consequences, financism has also had a negative impact on society. The authors argue that financism has led to a decline in social solidarity and a rise in individualism. It has also made it more difficult for governments to regulate the economy and to provide essential public services.

The Authors' Solution

Miranda and Amstalden believe that the only way to address the problems caused by financism is to fundamentally reform the financial system. They propose a number of reforms, including:

• Breaking up the big banks and financial institutions.
• Regulating the financial sector more strictly.
• Increasing taxes on the wealthy.
• Investing in public services and infrastructure.

The authors argue that these reforms are necessary to create a more just and sustainable economy. They believe that by reducing the power of the financial sector, we can create a more equitable society and a more stable economy.

Why You Should Read This Book

"Against Financism" is a must-read for anyone who is concerned about the state of the global economy. Miranda and Amstalden offer a powerful critique of the financial system, and they provide a clear and concise roadmap for reform. This book is essential reading for anyone who wants to understand the challenges facing the global economy and who wants to work towards a more just and sustainable future.

Praise for "Against Financism"

"A powerful and provocative critique of the financial system. Miranda and Amstalden offer a clear and concise roadmap for reform that is essential reading for anyone who wants to understand the challenges facing the global economy." —Joseph Stiglitz, Nobel Prize-winning economist

"A must-read for anyone who cares about the future of our economy. Miranda and Amstalden provide a devastating critique of the financial system and offer a clear path to a more just and sustainable future." —Robert Reich, former U.S. Secretary of Labor

"A brilliant and timely book. Miranda and Amstalden offer a powerful analysis of the financial system and its impact on society. This book is essential reading for anyone who wants to understand the world we live in." —Noam Chomsky, linguist and political activist