The 2008 financial crisis affected billions of people, many of them severely. Yet this monumental event remains widely misunderstood. People trying to get their heads around modern finance, to understand how it has so negatively affected their lives, usually run into an impenetrable wall of jargon. Legitimate anger is too often reduced to uncomprehending exasperation.
This easy-to-read pamphlet cuts through the technical terms, explaining the most basic and central elements of today’s financial system – and it does so in a way that will magnify feelings of outrage, rather than smother them. An Angry Person’s Guide to Finance explains the workings of the financial sector, its historical development and its relationship to the actual production of goods and services.
This holistic perspective is urgently needed. It is only by understanding how finance is related to capitalism as a whole that we can grasp its true nature and – crucially – think about ways to change it.
Following on from his essay, How Empire Struck Back, Walden Bello speaks to TNI's Nick Buxton about how the financial crisis spread from the USA to Europe
Walden Bello dissects the failure of Barack Obama's 'technocratic Keynesianism' and explains why this led to Donald Trump winning the US presidency
The City of London Corporation is one of the most secretive and least understood institutions in the world, writes Luke Walter
David Cameron’s EU deal has made the fight for democratic control of finance even more difficult, writes Kenneth Haar
Jack Copley provides an introduction to An Angry Person's Guide to Finance — a free Red Pepper pamphlet
Leo Panitch speaks to Peter Newell and Sam Knafo about his book The Making of Global Capitalism – and what it means for strategy and action aimed at ‘un-making’ capitalism