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Financial malpractice, we’re told, is an aberration: the actions of the few bad apples deviating from your norms of a market-governed process and video gaming the machine. In Sabotage, politics scientists Anastasia Nesvetailova and Ronen Palan blow this fiction aside, displaying that sabotage is not an anomaly, but area of the business model of fund – and generally has been.

Abusive lending practices, deceptive investors, manipulating prices, deliberately falsifying figures, on the subject of Sabotage: THE BUSINESS ENTERPRISE of Finance cheating, obstruction and benefiting from ‘the dumbest person in the room’ – they’re actually the primary source of profitability in finance, as well as the surest way to a bonus. If you wish to make profit the industry, you will need to discover means of sabotaging either your clients, your competitors or the federal government (or all three), and above all, the marketplace itself. Speaking with sector insiders, economists and high net worth customers, evaluating the annals of finance and its own workings today, the writers show us how the notion of sabotage not only makes sense of most past economic crises, but must be in the centre of all future regulations.

© Anastasia Nesvetailova 2020 (P) Penguin Sound 2020