Griftopia: Bubble Machines, Vampire Squids, and the Long Con That Is Breaking America

Griftopia: Bubble Machines, Vampire Squids, and the Long Con That Is Breaking America

Matt Taibbi

The monetary challenge that exploded in 2008 isn’t previous yet prologue. the lovely upward push, fall, and rescue of Wall highway within the bubble-and-bailout period used to be the coming-out occasion for the community of looters who sit down on the nexus of yank political and financial strength. The grifter class—made up of the most important gamers within the monetary and the politicians who do their bidding—has been starting to be in energy for a iteration, shifting wealth upward via more and more advanced monetary mechanisms and political maneuvers. The trouble was once just one terrifying manifestation of ways they’ve hijacked America’s political and monetary life.

Rolling Stone’s Matt Taibbi the following unravels the complete fiendish tale, digging past the headlines to get into the deeper roots and wider implications of the increase of the grifters. He strains the movement’s origins to the cult of Ayn Rand and her such a lot influential—and probably weirdest—acolyte, Alan Greenspan, and gives clean reporting at the backroom bargains that determined the winners and losers within the executive bailouts. He uncovers the hidden commodities bubble that transferred billions of greenbacks to Wall highway whereas growing nutrients shortages world wide, and he exhibits how finance dominates politics, from the tale of funding bankers auctioning off America’s infrastructure to an within account of the high-stakes conflict for health-care reform—a conflict the genuine reformers misplaced. ultimately, he tells the tale of Goldman Sachs, the “vampire squid wrapped round the face of humanity.”

Taibbi has mixed deep resources, trailblazing reportage, and provocative research to create the main lucid, emotionally galvanizing, and scathingly humorous account but written of the continuing political and fiscal obstacle in the USA. this can be crucial analyzing for someone who desires to comprehend the labyrinthine internal workings of politics and finance during this nation, and the profound outcomes for us all.

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