Bibliograph

Age of greed, the triumph of finance and the decline of America, 1970 to the present, Jeff Madrick

Type

Label

Age of greed, the triumph of finance and the decline of America, 1970 to the present, Jeff Madrick

Language

eng

Bibliography note

Includes bibliographical references and index

Illustrations

illustrations

Index

index present

Literary Form

non fiction

Main title

Age of greed

Nature of contents

bibliography

Oclc number

676726572

Responsibility statement

Jeff Madrick

Sub title

the triumph of finance and the decline of America, 1970 to the present

Summary

As Jeff Madrick makes clear, the single-minded pursuit of huge personal wealth has been on the rise in the United States since the 1970s, led by a few individuals who argue that self-interest guides society more effectively than community concerns. In telling the stories of these politicians, economists, and financiers who declared a moral battle for freedom but instead gave rise to an age of greed, Madrick traces the lineage of some of our nation's most pressing economic problems. He begins with Walter Wriston, head of what would become Citicorp, who led the battle against government regulation. He examines the ideas of economist Milton Friedman, who created the plan for an anti-Rooseveltian America; the politically expedient decisions of Richard Nixon that fueled inflation; the philosophy of Alan Greenspan, on whose libertarian ideology a house of cards was built on Wall Street; and Sandy Weill, who constructed the largest financial institution in the world, which would have gone bankrupt in 2008 without a federal bailout.--From publisher description

Table Of Contents

Revolution -- Prologue Lewis Uhler believer -- Walter Wriston regulatory revoltá -- Milton Friedman proselytizer -- Richard Nixon and Arthur Burns political expediency -- Joe Flom the hostile takeover and its consequences -- Ivan Boesky wanting it all -- Walter Wriston II bailing out Citibank -- Ronald Reagan the making of an ideology -- Ted Turner, Sam Walton, and Steve Ross size becomes strategy -- Jimmy Carter capitulation -- Howard Jarvis and Jack Kemp tapping the anger -- Paul Volcker, Jimmy Carter and Ronald Reagan revolution completed -- The new guard -- Tom Peters and Jack Welch promises broken -- Michael Milken "the magnificent" -- Alan Greenspan ideologue -- George Soros and John Meriwether fabulous wealth and controversial power -- Sandy Weill king of the world -- Sandy Weill, Jack Grubman, Frank Quattrone, and Ken Lay decade of deceit -- Angelo Mozilo, the American tragedy -- Jimmy Cayne, Richard Fuld, Stan O'Neal, Chuck Prince collapse

Classification