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Sabotage
- The Business of Finance
- Narrated by: Catherine Bailey
- Length: 5 hrs and 35 mins
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Sabotage
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Summary
Brought to you by Penguin.
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. If you want to make money in the industry, you need to find ways of sabotaging either your clients, your competitors or the government (or all three) and, above all, the market itself. Talking to industry insiders, economists and high net worth customers, examining the history of finance and its workings today, 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.
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What listeners say about Sabotage
Average customer ratingsReviews - Please select the tabs below to change the source of reviews.
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Overall3 out of 5 stars
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Performance5 out of 5 stars
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Story3 out of 5 stars
- Toby
- 19-06-22
Useful work sullied by a pro-crypto agenda?
Good start, great performance/editing but goes off the rails where it makes sudden jarring outrageously unsubstantiated claims about how "the future is blockchain" with zero relevance to the points being made, in a section that really doesn't belong or even come to any conclusion. This cheapens and undermines the content, and shouldn't have made it past an editor frankly regardless of one's views on cryptocurrency. Why is this here?
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Overall5 out of 5 stars
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Performance5 out of 5 stars
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Story4 out of 5 stars
- Aerodatic
- 17-09-20
Excellent except for Crypto hostility!
Fascinating insight into the basics of the Banking Industry. Would benefit from more balance on Crypto. Also further detail into Offshore banking could be sequel?
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