The Masters of the World
An investigative book on how financial funds are destroying the market and democracy.
In about 20 years, a few financial companies have conquered the world economy and beyond. A very quick and alarming phenomenon: how was it possible and what are the consequences?
Stronger than individual States, key holders of currencies and public debt, owners of a staggering share of the real economy: hedge funds - starting with Vanguard and BlackRock - have become the “masters of the world”. Still marginal at the beginning of the new millennium, they have ridden out crises, profited from the actions of central banks and governments, and exploited and accelerated the process of dismantling welfare states and privatising society. But how has such a concentration of capitalism been possible? What is the future of an economic democracy that is becoming more and more a merely formal expression?
This book tries to explain it, giving a clear picture of the figures of such a huge monopoly and at the same time reconstructing the stories behind the protagonists of such an incredible rise to power.