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Makers and Takers: The Rise of Finance and the Fall of American Business by Rana Foroohar argues that the American economy has been negatively impacted by the rise of finance. Foroohar claims that financialization has created a system where "takers" profit at the expense of "makers" and argues that the focus on short-term profits has stifled innovation and hurt the real economy. The author specifically criticizes the influence of Wall Street on American businesses and the government's inability to curb financialization. Ultimately, Foroohar presents a call for systemic change, arguing for a new model of capitalism that prioritizes the needs of the real economy and all its stakeholders.
Makers and Takers: The Rise of Finance and the Fall of American Business by Rana Foroohar argues that the American economy has been negatively impacted by the rise of finance. Foroohar claims that financialization has created a system where "takers" profit at the expense of "makers" and argues that the focus on short-term profits has stifled innovation and hurt the real economy. The author specifically criticizes the influence of Wall Street on American businesses and the government's inability to curb financialization. Ultimately, Foroohar presents a call for systemic change, arguing for a new model of capitalism that prioritizes the needs of the real economy and all its stakeholders.