Sabotage

byAnastasia Nesvetailova, Ronen Palan

The Business of Finance

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Financial malpractice, we're told, is an aberration: the actions of a few bad apples 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.

Misleading investors, falsifying figures and taking advantage of 'the dumbest person in the room' - they're actually the surest way to a bonus. If you want to make money in the industry, you need to sabotage either your clients, your competitors or the government (or all three). Talking to industry insiders, economists and high net worth customers, the authors show us how the idea of sabotage not only makes sense of all past economic crises, but must also be at the heart of all future regulations.

Sabotage is a great book. It lifts the lid on shocking, systematic abuses, of which every user of financial services needs to be aware. It ought to be required reading for every civil servant, regulator and politician in the UK and elsewhere.

Ian Fraser, Literary Review

About Anastasia Nesvetailova

Anastasia Nesvetailova is the Director of the City Political Economy Research Centre and author of numerous academic and media articles on financial crises and stability. She teaches at City University, London.
Details
  • Imprint: Penguin
  • ISBN: 9780141986241
  • Length: 240 pages
  • Dimensions: 198mm x 14mm x 129mm
  • Weight: 179g
  • Price: £9.99
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